$339,900

For sale

209 Queen Street, Wallaceburg - Single Family for Sale

209 Queen Street, Wallaceburg, Ontario, N8A1G4

3 beds2 baths7,362 sq ft (0.16 ac) lot sizeListed 15 days ago

Overview

This 3-bedroom, 2-bathroom home in Wallaceburg is for sale. Listed at $339,900, it is attractively priced about 5% below the $359,000 median asking price in Wallaceburg. It has been on the market 15 days, fresher than the Wallaceburg average of 93 days.

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Description

Great opportunity for investors or those looking for multi-generational living! Currently configured as a duplex, this charming home offers two separate units and is now completely vacant, allowing investors to set their own rents! The east unit features 2 bedrooms w/ laundry, while the west unit offers 1 bedroom, providing flexibility for rental income or extended family living. The home could also be converted back into a spacious 3 bedroom residence easily. This property is full of character w/ separate inviting sunrooms, perfect for relaxing during the warmer months. Some important updates have been completed, including a furnace and central air (approx 2014–2015), along with more recent improvements to the windows, most roof shingles, and hot water tank. Whether you're looking to add to your investment portfolio, live in one unit while renting the other, or accommodate extended family, this versatile property offers plenty of possibilities! (id:66096)

Property Details

MLS®: 26025597
Property Type: Single Family
Zoning: RL3
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Lot Size: 7,362 sq ft (0.16 ac)
Storeys: 1
Heating: Forced air, Natural gas, Furnace
Ownership: Freehold
Property Tax: $2,000.63/yr
Listed: 15 days ago

Rooms

Main level

4pc Bathroom
Kitchen: 7.5 x 19.9 feet
Bedroom: 7.5 x 10.1 feet
Living room: 15.6 x 11 feet
Enclosed porch: 6.1 x 15.5 feet
Laundry room: 5.5 x 6.5 feet
4pc Bathroom
Living room: 13.3 x 11.8 feet
Kitchen: 14.11 x 9.3 feet
Foyer: 5.9 x 11.2 feet

Second level

Bedroom: 11.7 x 12.8 feet

Features

Appliances: Washer, Dryer, Two stoves, Two Refrigerators
Flooring: Laminate, Cushion/Lino/Vinyl
Foundation: Block, Concrete
Exterior: Aluminum/Vinyl
Lot Features: Gravel Driveway

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Wallaceburg listings, avg age

93d

List price

$340K

Haho

This 3-bed single family in Wallaceburg has been listed for 15 days, which is 78 days fresher than the city average of 93. Act while there is still low competition.

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Listed by REALTY HOUSE INC. Brokerage · SCOTT HERMAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N8A)

This home lists at $339,900, about 5.3× the local median household income of $64,500.

Carrying it typically needs a household income of about $66,394 (20% down, 25-yr amortization, stress-tested) — roughly 3% above the area median.

Median household income: $64,500
Population: 12,624
Median age: 48
Owner / renter: 71% / 29%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N8A)

$339,900

For sale

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Full Cost Breakdown

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Down Payment5% · $16,995

Min 5%50%

Mortgage payment$1,790/mo

↳ CMHC premium ($12,916 capitalized)

Property tax (est.)$167/mo

Total monthly$1,957

Cash Needed to Close

Down payment (5%)$16,995

Land transfer tax$3,574

Est. closing costs$3,520

Total cash needed$24,089

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