$699,900

$749,900For salePrice drop↓ $50,000 (7%)

20450 Lakeview Street, South Glengarry - Single Family for Sale

20450 Lakeview Street, South Glengarry, Ontario, K0C2E0

2 beds1 bath2 parking900 ft²85 × 136 ft (11,560 sq ft) lot sizeListed 53 days ago

Overview

This 2-bedroom, 1-bathroom home in South Glengarry is for sale offering roughly 900 sq ft of space. Its $699,900 asking price sits right in line with the $698,000 median in South Glengarry. It has been on the market 53 days, fresher than the South Glengarry average of 82 days.

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Description

This is your chance to own a rare piece of waterfront in South Lancaster! Set on a spacious lot surrounded by executive waterfront homes, this property offers incredible potential for today and the future. The modest 2-bedroom, year-round home has been occupied by its long-term owner and is ready to welcome someone new. Enjoy it as an affordable waterfront residence, create a charming summer getaway, or take advantage of the lot and municipal services to build your dream home on the water. The shoreline is finished in stone with shallow, calm water ideal for swimming and enjoying summer days along the St. Lawrence. Take in spectacular views toward the Adirondacks and the beauty of waterfront living from your own backyard. A small bunkhouse adds even more possibilities, turn it into a guest space, studio, hobby room or your own creative retreat. Waterfront lots with municipal services are increasingly hard to find, making this a truly unique opportunity. A diamond in the rough with a beautiful setting, generous lot and endless potential, bring your ideas and make this South Lancaster waterfront property your own. (id:66096)

Property Details

MLS®: X13776902
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 85 × 136 ft (11,560 sq ft)
Frontage: 85 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Other, Other
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Listed

Features

Foundation: Concrete

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

South Glengarry listings, avg age

82d

Price / ft²

$778

List price

$700K

Homes here sell slower than most markets

Sold homes in this market spent an average of 64 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 94.8 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 Glengarry has been listed for 53 days, which is 29 days fresher than the city average of 82. Act while there is still low competition.

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Listed by RE/MAX AFFILIATES MARQUIS LTD. · TANYA FLARO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0C)

This home lists at $699,900, about 8.3× the local median household income of $84,000.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 63% above the area median.

Median household income: $84,000
Population: 52,838
Median age: 48.4
Owner / renter: 82% / 18%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0C)

$699,900· $778/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Est. property tax$0/mo

Total monthly$3,631

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$10,473

Est. closing costs$4,600

Total cash needed$60,063

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