$620,000

For sale

240 Egremont Street North, Wellington North (Mount Forest) - Single Family for Sale

240 Egremont Street North, Wellington North (Mount Forest), Ontario, N0G2L2

1 bed1 bath2 parking82 × 246 ft (20,197 sq ft) lot sizeListed 125 days ago

Overview

This 1-bedroom, 1-bathroom home in Wellington North is for sale. Its $620,000 asking price sits right in line with the $620,000 median in Wellington North.

Houses for Sale in Wellington North →All real estate in Wellington North →

Description

Here is an exciting opportunity to purchase this nearly half acre in town property that Is Zoned R2. There is a severance that is currently in process separating the existing house from the remainder of the property which will be finalized by closing. This would allow you to build on the severed lot and live in the house while building or build on the lot and sell off the house. The possibilities are endless. The Medium-Density zoning Allows many different options such as a Duplex, Triplex, or Fourplex. Buyer/Buyer's Agent Must Do Their Own Due Diligence To Confirm What Can Be Built. This price includes both the newly severed lot and the existing house. (id:66096)

Property Details

MLS®: X13514646
Property Type: Single Family
Zoning: R2
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 2
Lot Size: 82 × 246 ft (20,197 sq ft)
Frontage: 82 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, N/A
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $2,419/yr
Listed

Rooms

Main level

Living room: 4.56 x 4.24 meters
Kitchen: 4.55 x 3.82 meters
Dining room: 3.01 x 2.28 meters
Bedroom: 3.78 x 2.53 meters
Mud room: 1.2 x 1.18 meters

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

Features

Foundation: Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

125d

Wellington North (Mount Forest) listings, avg age

88d

List price

$620K

Homes here sell slower than most markets

Sold homes in this market spent an average of 76 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 1-bed single family in Wellington North (Mount Forest) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE RCR REALTY · VICTORIA PHILLIPS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0G)

This home lists at $620,000, about 7.5× the local median household income of $83,000.

Carrying it typically needs a household income of about $121,108 (20% down, 25-yr amortization, stress-tested) — roughly 46% above the area median.

Median household income: $83,000
Population: 86,935
Median age: 40.8
Owner / renter: 80% / 20%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0G)

$620,000

For sale

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Full Cost Breakdown

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Down Payment5.97% · $37,000

Min 5.97%50%

Mortgage payment$3,232/mo

↳ CMHC premium ($23,320 capitalized)

Property tax (est.)$202/mo

Total monthly$3,434

Cash Needed to Close

Down payment (5.97%)$37,000

Land transfer tax$8,875

Est. closing costs$4,360

Total cash needed$50,235

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