$584,900

For sale

98 Summit Avenue, Thunder Bay (Mariday Heights) - Single Family for Sale

98 Summit Avenue, Thunder Bay (Mariday Heights), Ontario, P7B3N9

3 beds2 baths3 parking1,750 ft²75 × 127 ft (9,503 sq ft) lot sizeListed 8 days ago

Overview

This 3-bedroom, 2-bathroom home in Thunder Bay is for sale offering roughly 1,750 sq ft of space. Its $584,900 asking price sits right in line with the $584,900 median in Thunder Bay. It has been on the market 8 days, fresher than the Thunder Bay average of 38 days.

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Description

Welcome to this turn of the century charmer located in the popular Mariday Park neighbourhood, just a short walk to Hillcrest Park. Set on a large (75ft x 125ft) , private corner lot surrounded by gorgeous mature trees, this home greets you with a front circular driveway and a newer shed out back. Step inside to discover over 1,600 sq ft of space plus a fully finished basement. Beautiful original wood trim and detailing run throughout, hardwood floors, a formal dining room, and a versatile library/office, or den. Offering 3 bedrooms, 2 baths, updated electrical, and lead pipe removed, light fixtures, newer furnace and A/C, new eavestrough, shingles, shed and nicely maintained and updated throughout the years. (id:66096)

Property Details

MLS®: X14120318
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 75 × 127 ft (9,503 sq ft)
Frontage: 75 ft
Storeys: 1
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $7,091/yr
Listed

Rooms

Main level

Living room: 5.79 x 5.21 meters
Dining room: 4.19 x 3.45 meters
Kitchen: 2.85 x 3.35 meters
Office: 2.9 x 1.22 meters

Second level

Primary Bedroom: 4.88 x 2.87 meters
Bedroom 2: 3.05 x 3.66 meters
Bedroom 3: 3.58 x 3.66 meters

Basement

Recreational, Games room: 5.64 x 4.12 meters

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

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer, Microwave, Window Coverings
Flooring: Hardwood
Foundation: Poured Concrete
Exterior: Brick, Stucco

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

Thunder Bay (Mariday Heights) listings, avg age

38d

Price / ft²

$334

List price

$585K

Homes here sell faster than most markets

Sold homes in this market spent an average of 24 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 107.4 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Thunder Bay (Mariday Heights) has been listed for 8 days, which is 30 days fresher than the city average of 38. Act while there is still low competition.

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Listed by Royal LePage® Lannon Realty · Becky Forester

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P7B)

This home lists at $584,900, about 8.4× the local median household income of $70,000.

Carrying it typically needs a household income of about $114,251 (20% down, 25-yr amortization, stress-tested) — roughly 63% above the area median.

Median household income: $70,000
Population: 22,675
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P7B)

$584,900· $334/ft²

For sale

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Full Cost Breakdown

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Down Payment5.73% · $33,490.00

Min 5.73%50%

Mortgage payment$3,057/mo

↳ CMHC premium ($22,056 capitalized)

Property tax (est.)$591/mo

Total monthly$3,648

Cash Needed to Close

Down payment (5.73%)$33,490

Land transfer tax$8,173

Est. closing costs$4,255

Total cash needed$45,918

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