$99,900

For sale

29 Parkway Place, Terrace Bay - Single Family for Sale

29 Parkway Place, Terrace Bay, Ontario, P0T2W0

4 beds1 bath900 ft²66 × 115 ft (7,544 sq ft) lot sizeListed 119 days ago

Overview

This 4-bedroom, 1-bathroom home in Terrace Bay is for sale offering roughly 900 sq ft of space. It has been on the market 119 days, fresher than the Terrace Bay average of 250 days.

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Description

Affordable bi-level living just steps from the shores of Lake Superior! This 2+2-bedroom home offers plenty of space for family or guests, featuring a functional layout with a bright kitchen, separate dining area, and comfortable living spaces on both levels. The property is set on a nice lot in the charming town of Terrace Bay, a friendly northern community known for its small-town spirit, outdoor recreation, and stunning natural beauty. Enjoy life near the incredible Terrace Bay Beach; one of the largest sandy beaches on Lake Superior, where you can swim, kayak, or simply relax and take in the breathtaking views of the lake and Slate Islands. Whether you're looking for your first home, a retirement retreat or a weekend getaway, this property offers an affordable opportunity to enjoy peaceful lakeside living in one of Northwestern Ontario's most scenic communities. Visit www.century21superior.com for more info and pics. (id:66096)

Property Details

MLS®: X13540082
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 1
Interior Size: 900 ft²
Lot Size: 66 × 115 ft (7,544 sq ft)
Frontage: 66 ft
Storeys: 1
Style: Raised bungalow
Basement: Partially finished, Full
Heating: Forced air, Electric
Garage: No Garage
Ownership: Freehold
Property Tax: $2,200/yr
Listed: 119 days ago

Rooms

Basement

Bedroom 2: 3.35 x 3.9 meters
Other: 3.62 x 3.59 meters
Bedroom 3: 3.35 x 3.9 meters

Main level

Bathroom
Living room: 3.59 x 4.32 meters
Primary Bedroom: 3.35 x 3.2 meters
Kitchen: 2.37 x 2.52 meters
Dining room: 2.52 x 2.13 meters
Bedroom: 3.53 x 2.83 meters

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

Features

Appliances: Refrigerator, Stove
Flooring: Hardwood, Vinyl
Foundation: Wood
Exterior: Vinyl siding

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

119d

Terrace Bay listings, avg age

250d

Price / ft²

$111

List price

$100K

Homes here sell slower than most markets

Sold homes in this market spent an average of 90 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 90.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 4-bed single family in Terrace Bay has been listed for 119 days, which is 131 days fresher than the city average of 250. 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 $99,900, about 1.3× the local median household income of $77,000.

Carrying it typically needs a household income of about $19,514 (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)

$99,900· $111/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $4,995

Min 5%50%

Mortgage payment$526/mo

↳ CMHC premium ($3,796 capitalized)

Property tax (est.)$183/mo

Total monthly$710

Cash Needed to Close

Down payment (5%)$4,995

Land transfer tax$724

Est. closing costs$2,800

Total cash needed$8,519

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