$299,000

For sale

38 2nd Avenue, South Algonquin - Single Family for Sale

38 2nd Avenue, South Algonquin, Ontario, K0J2M0

3 beds1 bath3 parking900 ft²60 × 165 ft (9,900 sq ft) lot sizeListed 67 days ago

Overview

This 3-bedroom, 1-bathroom home in South Algonquin is for sale offering roughly 900 sq ft of space. Listed at $299,000, it is attractively priced about 38% below the $479,000 median asking price in South Algonquin. It has been on the market 67 days, fresher than the South Algonquin average of 148 days.

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Description

Welcome to this charming three-bedroom home in Whitney, located near beautiful Galeairy Lake. Offering approximately 1,056 sq. ft. of above-ground living space, the home features a practical six-room layout with all living areas conveniently located on one level. Surrounded by lakes, forests and breathtaking natural scenery, Whitney offers an exceptional setting for outdoor recreation in every season. Spend summer days paddling, boating or relaxing by Galeairy Lake, with access to a public beach, waterfront park, playground, picnic areas and boat launch. The East Gate of Algonquin Provincial Park is approximately 5.4 km west of Whitney, providing easy access to hiking, canoeing, camping, wildlife viewing and spectacular fall colours. Winter brings opportunities for cross-country skiing, close to snowmobile trails and the change to enjoy the peaceful, snow-covered landscape. Whether you are looking for a comfortable full-time residence or a relaxing country retreat, this property offers peaceful small-town living surrounded by some of Ontario's most beautiful natural scenery. (id:66096)

Property Details

MLS®: X13725654
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 60 × 165 ft (9,900 sq ft)
Frontage: 60 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Propane
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $785/yr
Listed

Features

Appliances: Window Coverings, Water Heater
Foundation: Block
Exterior: Vinyl siding

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

67d

South Algonquin listings, avg age

148d

Price / ft²

$332

List price

$299K

Homes here sell slower than most markets

Sold homes in this market spent an average of 70 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.9 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in South Algonquin has been listed for 67 days, which is 81 days fresher than the city average of 148. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · ALYKHAN NATHOO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0J)

This home lists at $299,000, about 3.9× the local median household income of $76,000.

Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $76,000
Population: 34,322
Median age: 52.4
Owner / renter: 87% / 13%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0J)

$299,000· $332/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,950

Min 5%50%

Mortgage payment$1,575/mo

↳ CMHC premium ($11,362 capitalized)

Property tax (est.)$65/mo

Total monthly$1,640

Cash Needed to Close

Down payment (5%)$14,950

Land transfer tax$2,960

Est. closing costs$3,397

Total cash needed$21,307

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