623 Frank Street, South Bruce Peninsula, Ontario, N0H2T0

For salePrice drop

75 days ago

$576K$596K

↓ $20K (3%) price drop

623 Frank Street, South Bruce Peninsula, Ontario, N0H2T0

5 bd2 ba5 pk2,250 ft²Lot size 103 × 180 ft (18,540 sq ft)

Listed by Sutton-Sound Realty

665 Watson Street, South Bruce Peninsula, Ontario, N0H2T0

For sale

91 days ago

$699K

665 Watson Street, South Bruce Peninsula, Ontario, N0H2T0

4 bd2 ba4 pk2,250 ft²Lot size 50 × 204 ft (10,236 sq ft)

319 Berford Street, South Bruce Peninsula, Ontario, N0H2T0

6 bd6 ba8 pkLot size 115 × 250 ft (28,750 sq ft)

Listed by Chestnut Park Real Estate

Investment analysis

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$889,000

South Bruce Peninsula

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$889,000

For sale

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319 Berford Street, South Bruce Peninsula - Multi-family for Sale

319 Berford Street, South Bruce Peninsula, Ontario, N0H2T0

3,327 ft²29,185 sq ft (0.67 ac) lot sizeListed 125 days ago

Overview

This multi-family property in South Bruce Peninsula is for sale offering roughly 3,327 sq ft of space.

Multi-Family Properties for Sale in South Bruce Peninsula →All real estate in South Bruce Peninsula →

Description

Solid Brick two storey style 6 plex with a large lot, located in the downtown core of Wiarton, within walking distance to the Foodland, Tim Hortons, Hospital, Post Office, and the downtown Retail stores. Property features a minimum of 8 parking spaces with a circular driveway, large shade trees, a large private back-yard area and entrance to Unit 6. The Building features a security intercom system, a centre hall plan for entrance to 5 Apartments and a lower level common coin operated laundry room. The Apartments have been updated over the years and are all in good condition with character features of the older Victorian style construction. This building has always been in high demand and has never operated with any vacancies. Note that the interior photos were taken in 2019. Also listed as Residential Sale MLS X13515832. (id:66096)

Property Details

MLS®: X13515848
Property Type: Multi-family
Business Type: Residential
Zoning: R4
Interior Size: 3,327 ft²
Lot Size: 29,185 sq ft (0.67 ac)
Frontage: 115 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $3,702.28/yr
Listed: 125 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

125d

South Bruce Peninsula listings, avg age

103d

Price / ft²

$267

List price

$889K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 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 94.4 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

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Listed by Chestnut Park Real Estate · BLANE JOHNSON

Location

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Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $889,000, about 10.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $173,653 (20% down, 25-yr amortization, stress-tested) — roughly 102% above the area median.

Median household income: $86,000
Population: 53,674
Median age: 52.8
Owner / renter: 86% / 14%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N0H)

$889,000· $267/ft²

For sale

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Full Cost Breakdown

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Down Payment7.19% · $63,900

Min 7.19%50%

Mortgage payment$4,574/mo

↳ CMHC premium ($33,004 capitalized)

Property tax (est.)$309/mo

Total monthly$4,883

Cash Needed to Close

Down payment (7.19%)$63,900

Land transfer tax$14,255

Est. closing costs$5,167

Total cash needed$83,322

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