$399,000

$435,000For salePrice drop↓ $36,000 (8%)

50 Young Street, Southgate - Single Family for Sale

50 Young Street, Southgate, Ontario, N0C1B0

3 beds2 baths8 parking900 ft²55 × 126 ft (6,867 sq ft) lot sizeListed 16 days ago

Overview

This 3-bedroom, 2-bathroom home in Southgate is for sale offering roughly 900 sq ft of space. Listed at $399,000, it is attractively priced about 39% below the $649,900 median asking price in Southgate. It has been on the market 16 days, fresher than the Southgate average of 91 days.

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Description

Solid 1& 1/2 storey, 3 bedroom, 2 bathroom house on large lot. Close to downtown and schools. Covered front porch with new wooden deck. Back door patio and front door entrance. Main Floor has large kitchen with eat in area, exit to the covered porch and to the back yard patio. Large Dining Room/Living Room with a gas Fireplace and 3 windows for natural lighting. Front door entry. Main Floor Laundry with 2 pc bath, modern appliances. On Demand hot water, water softener, 200 amp service. Second floor has 3 bedrooms, hall space for storage. 4 pc bath has updated tub and shower. Partially fenced back yard with mature tree. oversized garden shed with windows and shingled roof. Big driveway with parking for 8 cars. This is a great home for a first time buyer, downsizing or contractor needing extra parking and close to downtown. Walking distance to schools. Great opportunity for entry level housing. (id:66096)

Property Details

MLS®: X14095580
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 8
Interior Size: 900 ft²
Lot Size: 55 × 126 ft (6,867 sq ft)
Frontage: 55 ft
Storeys: 1
Basement: None
Heating: Baseboard heaters, Natural gas
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Features

Appliances: Washer, Refrigerator, Water softener, Stove, Dryer, Water Heater - Tankless, Water Heater
Foundation: Wood
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Southgate listings, avg age

91d

Price / ft²

$443

List price

$399K

Haho

This 3-bed single family in Southgate has been listed for 16 days, which is 75 days fresher than the city average of 91. Act while there is still low competition.

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Listed by MCCARTHY REALTY · MARG MCCARTHY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0C)

This home lists at $399,000, about 4.7× the local median household income of $85,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $85,000
Population: 17,537
Median age: 43.6
Owner / renter: 86% / 14%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0C)

$399,000· $443/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$140/mo

Total monthly$2,242

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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