$159,900

For saleJust listed

21 East Grove Crescent, Terrace Bay - Single Family for Sale

21 East Grove Crescent, Terrace Bay, Ontario, P0T2W0

2 beds1 bath4 parking900 ft²163 × 65 ft (10,608 sq ft) lot sizeListed 7 days ago

Overview

This 2-bedroom, 1-bathroom home in Terrace Bay is for sale offering roughly 900 sq ft of space. Listed at $159,900, it is attractively priced about 16% below the $189,900 median asking price in Terrace Bay. It has been on the market 7 days, fresher than the Terrace Bay average of 257 days.

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Description

Spacious Family Living on a Quiet Crescent in Terrace Bay! Looking for a home with room for the whole family in a peaceful residential neighbourhood? This nicely sized home offers a welcoming open-concept living room, dining room and kitchen, perfect for everyday family living and entertaining. Featuring a super-sized primary bedroom, a 4-piece bathroom and a rec room area offering additional space for family activities, movie nights or relaxing. Situated on an extra-large corner lot, there's plenty of outdoor space for children to play, gardening or simply enjoying the fresh Northern Ontario air. The driveway extends to a garage pad already in place, giving you a head start on adding your own garage! Located close to beautiful Terrace Bay Beach on the shores of Lake Superior, where you can enjoy swimming, kayaking, boating, beach walks and spectacular sunsets. Terrace Bay is a wonderful small-town community surrounded by natural beauty, offering outdoor adventures right at your doorstep, including Aguasabon Falls, scenic hiking trails, golfing and winter recreation. Enjoy the quieter pace of small-town living, with local shopping and amenities nearby. A great place to raise a family and enjoy everything the North Shore has to offer! (id:66096)

Property Details

MLS®: X14123364
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 163 × 65 ft (10,608 sq ft)
Frontage: 163 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Partial
Heating: Forced air, Electric
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $2,525/yr
Listed

Rooms

Main level

Kitchen: 2.93 x 2.04 meters
Dining room: 2.99 x 2.93 meters
Living room: 4.51 x 3.96 meters
Primary Bedroom: 2.96 x 5.49 meters
Bedroom: 2.87 x 3.1 meters

Basement

Recreational, Games room: 4.88 x 3.2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Wood
Exterior: Vinyl siding
Lot Features: Irregular lot size, Flat site, Carpet Free

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Terrace Bay listings, avg age

257d

Price / ft²

$178

List price

$160K

Homes here sell slower than most markets

Sold homes in this market spent an average of 88 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 89.4 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 Terrace Bay has been listed for 7 days, which is 250 days fresher than the city average of 257. Act while there is still low competition.

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Listed by Century 21 Superior Realty Inc. · Wendy Ferris

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0T)

This home lists at $159,900, about 2.1× the local median household income of $77,000.

Carrying it typically needs a household income of about $31,234 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,000
Population: 32,000
Median age: 45.6
Owner / renter: 84% / 16%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0T)

$159,900· $178/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $7,995

Min 5%50%

Mortgage payment$842/mo

↳ CMHC premium ($6,076 capitalized)

Property tax (est.)$210/mo

Total monthly$1,053

Cash Needed to Close

Down payment (5%)$7,995

Land transfer tax$1,324

Est. closing costs$2,980

Total cash needed$12,299

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