$199,900

For sale

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344 First Avenue West, Sault Ste Marie - Single Family for Sale

344 First Avenue West, Sault Ste Marie, Ontario, P6C4P1

2 beds1 bath4 parking ft²

Sault Ste Marie, Ontario, P6B2B4

3 bd2 ba1,278 ft²

Listed by EXP Realty Brokerage

For sale

11 days ago

$480K

Sault Ste Marie, Ontario, P6C6C6

3 bd2 ba1,290 ft²

Listed by Eric Brauner Real Estate Brokerage

For sale

24 days ago

$285K

Sault Ste Marie, Ontario, P6A5J3

3 bd2 ba

Listed by Eric Brauner Real Estate Brokerage

36 St Georges Avenue East, Sault Ste Marie, Ontario, P6B1W7

For sale

27 days ago

$150K

36 St Georges Avenue East, Sault Ste Marie, Ontario, P6B1W7

3 bd1 ba2 pk1,300 ft²Lot size 25 × 100 ft (2,500 sq ft)

Listed by ROYAL LEPAGE FLOWER CITY REALTY

Investment analysis

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$199,900

Sault Ste Marie

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Overview

This 2-bedroom, 1-bathroom home in Sault Ste Marie is for sale offering roughly 900 sq ft of space. Its $199,900 asking price sits right in line with the $199,900 median in Sault Ste Marie. It has been on the market 39 days, fresher than the Sault Ste Marie average of 58 days.

Houses for Sale in Sault Ste Marie →All real estate in Sault Ste Marie →

Description

Affordable 2-bedroom, 1 bathroom brick bungalow offering a great opportunity for a first-time home buyer or investor. The property features a cement driveway leading to a detached single-car garage. Inside, you will find a spacious kitchen and separate dining room, providing a practical layout for family gatherings. With some upgrades and improvements, this home offers an excellent opportunity to enter the Sault Ste. Marie market and make it your own. Currently tenanted and conveniently located on First Ave, close to local amenities and everyday conveniences. (id:66096)

Property Details

MLS®: X13834152
Property Type: Single Family
Zoning: R3
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 40 × 126 ft (5,040 sq ft)
Frontage: 40 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $2,791.31/yr
Listed: 39 days ago

Market Timing

Days on market

39d

Sault Ste Marie listings, avg age

58d

Price / ft²

$222

List price

$200K

Homes here sell faster than most markets

Sold homes in this market spent an average of 26 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (P6C)

This home lists at $199,900, about 2.8× the local median household income of $71,500.

Carrying it typically needs a household income of about $39,047 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $71,500
Population: 18,766
Median age: 46.4
Owner / renter: 74% / 26%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P6C)

$199,900· $222/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $9,995

Min 5%50%

Mortgage payment$1,053/mo

↳ CMHC premium ($7,596 capitalized)

Property tax (est.)$233/mo

Total monthly$1,285

Cash Needed to Close

Down payment (5%)$9,995

Land transfer tax$1,724

Est. closing costs$3,100

Total cash needed$14,819

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

344 First Avenue West, Sault Ste Marie - Single Family for Sale

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