$399,900

For sale

52 Spry Lake Road, South Bruce Peninsula - Single Family for Sale

52 Spry Lake Road, South Bruce Peninsula, Ontario, N0H2T0

2 beds1 bath4 parking1,300 ft²93 × 200 ft (18,600 sq ft) lot sizeListed 92 days ago

Overview

This 2-bedroom, 1-bathroom home in South Bruce Peninsula is for sale offering roughly 1,300 sq ft of space. Listed at $399,900, it is attractively priced about 33% below the $599,900 median asking price in South Bruce Peninsula. It has been on the market 92 days, fresher than the South Bruce Peninsula average of 104 days.

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Description

Your Cottage Life Starts Here. Just a short stroll from the sandy shores of Lake Huron, this furnished 2-bedroom home or year-round cottage, with additional loft sleeping space, offers the relaxed Oliphant lifestyle so many buyers are looking for. The bright, open-concept interior features soaring ceilings, a modern kitchen, wood stove and propane fireplace, with plenty of room for family and friends. A screened-in porch, spacious side deck, private treed yard and firepit area make it easy to enjoy summer days and evenings outdoors.While the home does need some TLC, its functional layout and beautiful setting provide a great canvas to update and make your own. Please note: moisture-related concerns have been identified in the crawl space, and remediation will be required. The work required creates an excellent opportunity for a handy buyer to add value while making this appealing property their own. Located approximately 300 metres from the water, this could be the perfect place to create lasting family memories for years to come in one of the Bruce Peninsula's favourite cottage communities. (id:66096)

Property Details

MLS®: X13641252
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 93 × 200 ft (18,600 sq ft)
Frontage: 93 ft
Basement: Crawl space
Heating: Electric, Propane, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $1,832/yr
Listed

Features

Foundation: Block
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

92d

South Bruce Peninsula listings, avg age

104d

Price / ft²

$308

List price

$400K

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

This 2-bed single family in South Bruce Peninsula has been listed for 92 days, which is 12 days fresher than the city average of 104. Act while there is still low competition.

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Listed by RE/MAX Grey Bruce Realty Inc. · DAWN LEE MCKENZIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $399,900, about 4.7× the local median household income of $86,000.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$399,900· $308/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$153/mo

Total monthly$2,259

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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