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$164,900
Smooth Rock Falls
188 Elaine Avenue, Smooth Rock Falls (SRF), Ontario, P0L2B0
This 5-bedroom, 2-bathroom home in Smooth Rock Falls is for sale offering roughly 1,300 sq ft of space. Listed at $164,900, it is attractively priced about 25% below the $219,900 median asking price in Smooth Rock Falls. It has been on the market 64 days, fresher than the Smooth Rock Falls average of 91 days.
Versatile Investment Opportunity on a Corner Lot! This 5-bedroom, 2-bathroom home offers a flexible layout with 3 bedrooms and 1 bathroom on the main floor, plus 2 bedrooms, 1 bathroom, and a second kitchen in the lower level. Both the main level and basement level each have its own exterior entrance, with the interior connection between the two spaces separated by a pocket door, offering added flexibility and privacy. The setup provides an excellent opportunity for investors, multi-generational living, or buyers looking to generate rental income while occupying one level themselves. The lower level is partially finished, allowing the new owner to complete the space and customize it to their needs. Outside, the property offers generous parking and a large carport, providing convenient covered parking throughout the winter months. Located on a quiet street and desirable corner lot, this property offers plenty of space and flexibility for its next owner. A great opportunity to create a property that works for your lifestyle while adding income potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 64 days on market, against an average age of 91 days across the listings currently for sale in this city
This 5-bed single family in Smooth Rock Falls (SRF) has been listed for 64 days, which is 27 days fresher than the city average of 91. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $164,900, about 2.1× the local median household income of $77,500.
Carrying it typically needs a household income of about $32,211 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.