$349,000

For sale

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875 Charlotte Street, Sudbury Remote Area - Single Family for Sale

875 Charlotte Street, Sudbury Remote Area, Ontario, P3E4C5

3 beds2 baths2 parking ft²

224 Riverview Drive, Sudbury Remote Area, Ontario, P0M1A0

3 bd2 ba12 pk1,750 ft²Lot size 236 × 728 ft (3.94 acres)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

1942 Keen Street, Sudbury Remote Area, Ontario, P3B1Y7

For sale

15 days ago

$500K

1942 Keen Street, Sudbury Remote Area, Ontario, P3B1Y7

3 bd2 ba2 pk1,300 ft²Lot size 53 × 164 ft (8,692 sq ft)

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

Lot 2 PL M1119, Sudbury Remote Area, Ontario, P0M1H0

For sale

36 days ago

$350K

Lot 2 PL M1119, Sudbury Remote Area, Ontario, P0M1H0

6 bd2 ba20 pk900 ft²Lot size 148 × 296 ft (1.00 acres)

Listed by REVEL REALTY INC.

N/A Biscotasing Township, Sudbury Remote Area (West), Ontario, P0M1C0

For sale

117 days ago

$700K

N/A Biscotasing Township, Sudbury Remote Area (West), Ontario, P0M1C0

8 bd4 ba10 pk

Listed by RE/MAX CROWN REALTY (1989) INC

Investment analysis

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$349,000

Sudbury Remote Area

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Overview

This 3-bedroom, 2-bathroom home in Sudbury Remote Area is for sale offering roughly 350 sq ft of space. Listed at $349,000, it is attractively priced about 27% below the $479,000 median asking price in Sudbury Remote Area. It has been on the market 13 days, fresher than the Sudbury Remote Area average of 83 days.

Houses for Sale in Sudbury Remote Area →All real estate in Sudbury Remote Area →

Description

Excellent Opportunity for First-Time Home Buyers and Investors! Welcome to this charming 3-bedroom, 2-bathroom bungalow situated on a spacious 59 x 140 ft lot in Sudbury. The finished basement includes a den, 3-piece bathroom, and a convenient separate entrance with walk-up access to side door. The basement is currently leased, generating attractive rental income to help offset mortgage payments. Ideal for first-time home buyers looking for additional income or investors seeking a great opportunity. Don't miss out on this property with tremendous potential! (id:66096)

Property Details

MLS®: X14106420
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 350 ft²
Lot Size: 40 × 140 ft (5,600 sq ft)
Frontage: 40 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,000/yr
Listed: 13 days ago

Market Timing

Days on market

13d

Sudbury Remote Area listings, avg age

83d

Price / ft²

$999

List price

$349K

Homes here sell slower than most markets

Sold homes in this market spent an average of 65 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 94.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (P3E)

This home lists at $349,000, about 4.1× the local median household income of $85,000.

Carrying it typically needs a household income of about $68,172 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $85,000
Population: 29,132
Median age: 46
Owner / renter: 54% / 46%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P3E)

$349,000· $999/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,450

Min 5%50%

Mortgage payment$1,838/mo

↳ CMHC premium ($13,262 capitalized)

Property tax (est.)$250/mo

Total monthly$2,088

Cash Needed to Close

Down payment (5%)$17,450

Land transfer tax$3,710

Est. closing costs$3,547

Total cash needed$24,707

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

875 Charlotte Street, Sudbury Remote Area - Single Family for Sale

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