$225,000

For sale

Book a showing

94 LAKEVIEW Drive, Terrace Bay - Single Family for Sale

94 LAKEVIEW Drive, Terrace Bay, Ontario, P0T2W0

3 beds2 baths2 parking ft²

20 Birch Crescent, Terrace Bay, Ontario, P0T2W0

3 bd1 ba4 pk900 ft²Lot size 59 × 122 ft (7,162 sq ft)

Listed by Century 21 Superior Realty Inc.

21 East Grove Crescent, Terrace Bay, Ontario, P0T2W0

For sale

7 days ago

$160K

21 East Grove Crescent, Terrace Bay, Ontario, P0T2W0

2 bd1 ba4 pk900 ft²Lot size 163 × 65 ft (10,608 sq ft)

Listed by Century 21 Superior Realty Inc.

3 Poplar Crescent, Terrace Bay, Ontario, P0T2W0

For sale

13 days ago

$172K

3 Poplar Crescent, Terrace Bay, Ontario, P0T2W0

3 bd2 ba4 pk900 ft²Lot size 58 × 121 ft (6,959 sq ft)

Listed by REMAX Generations Realty

6 Kenogami Road, Terrace Bay, Ontario, P0T2W0

For sale

26 days ago

$140K

6 Kenogami Road, Terrace Bay, Ontario, P0T2W0

3 bd2 ba2 pk900 ft²Lot size 57 × 118 ft (6,755 sq ft)

Listed by REMAX Generations Realty

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$225,000

Terrace Bay

Book a showing

Overview

This 3-bedroom, 2-bathroom home in Terrace Bay is for sale offering roughly 1,300 sq ft of space. It has been on the market 110 days, fresher than the Terrace Bay average of 250 days.

Houses for Sale in Terrace Bay →All real estate in Terrace Bay →

Description

Welcome to one of the most breathtaking vantage points in Terrace Bay. Nestled on a peaceful, quiet street, this exceptional 3-bedroom home sits high above the Aguasabon Golf Course, offering unmatched, unobstructed views of the majestic Lake Superior. Designed for comfortable family living and effortless entertaining, this home features an attached garage for convenient, weather-protected parking and extra storage. The lower-level family room boasts a direct walkout to a private, fully fenced backyard?creating a seamless indoor-outdoor flow that is perfect for summer barbecues, children, and pets. Don't miss out on this rare gem! (id:66096)

Property Details

MLS®: X13575926
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Frontage: 60 ft
Basement: Unfinished, Partial
Heating: Baseboard heaters, Electric, Wood, Other
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $2,626.21/yr
Listed: 110 days ago

Rooms

Sub-basement

Other: 3.2 x 5.48 meters
Bedroom 3: 3.35 x 3.35 meters
Other: 2.13 x 3.35 meters

Main level

Living room: 3.5 x 4.87 meters
Kitchen: 3.5 x 4.87 meters

Second level

Bedroom: 3.96 x 3.65 meters
Bedroom 2: 3.5 x 5.18 meters
Bathroom

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

Features

Foundation: Block
Lot Features: Irregular lot size

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

110d

Terrace Bay listings, avg age

250d

Price / ft²

$173

List price

$225K

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 3-bed single family in Terrace Bay has been listed for 110 days, which is 140 days fresher than the city average of 250. Act while there is still low competition.

Set a price alert Book a showing

Listed by Royal LePage® Lannon Realty · Chris Joubert

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0T)

This home lists at $225,000, about 2.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $43,950 (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)

$225,000· $173/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $11,250

Min 5%50%

Mortgage payment$1,185/mo

↳ CMHC premium ($8,550 capitalized)

Property tax (est.)$219/mo

Total monthly$1,404

Cash Needed to Close

Down payment (5%)$11,250

Land transfer tax$1,975

Est. closing costs$3,175

Total cash needed$16,400

Get Pre-Approved · Free & Fast

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