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$369,900

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#302 111 SMITS COVE, West Lincoln (Smithville) - Single Family for Sale

#302 111 SMITS COVE, West Lincoln (Smithville), Ontario, L0R2A0

2 beds1 bath1 parking750 ft²$360/mo condo feeListed 37 days ago

Overview

This 2-bedroom, 1-bathroom condo in West Lincoln is for sale offering roughly 750 sq ft of space. Listed at $369,900, it is attractively priced about 27% below the $509,999 median asking price in West Lincoln. It has been on the market 37 days, fresher than the West Lincoln average of 64 days.

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Description

Presenting a spacious 2 bedroom apartment in the heart of downtown Smithville, ideal for first-time buyers, investors, and downsizers alike! This condo offers an open concept layout with loads of natural light in every room. Updated kitchen, island and countertops with plenty of counter space and appliances included with purchase. Each bedroom boasts ample closet space, including a large walk-in closet in the primary bedroom. Enjoy the added convenience of in-unit laundry, parking for a vehicle, and plenty of additional visitor/street parking nearby. Included in the low maintenance condo fee of $360.00 a month is building insurance, common elements, exterior maintenance, parking, snow removal, lawn maintenance, and water. Across the street, a newly constructed medical office is being built. (id:66096)

Property Details

MLS®: X13834842
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $360/mo
Fee Includes: Common Area Maintenance, Cable TV, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,300/yr
Listed: 37 days ago

Rooms

Main level

Foyer
Living room: 4.78 x 3.99 meters
Kitchen: 3.68 x 2.39 meters
Other: 1.6 x 2.39 meters
Primary Bedroom: 3.28 x 3.89 meters
Bedroom: 2.72 x 3.2 meters
Bathroom: 1.5 x 2.39 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, Dishwasher, Stove, Dryer, Oven - Built-In, Hood Fan, Water Heater
Foundation: Concrete
Exterior: Brick
Lot Features: Flat site, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

West Lincoln (Smithville) listings, avg age

64d

Price / ft²

$494

List price

$370K

Haho

This 2-bed single family in West Lincoln (Smithville) has been listed for 37 days, which is 27 days fresher than the city average of 64. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC. · JOEY ZURINI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0R)

This home lists at $369,900, about 3.4× the local median household income of $110,000.

Carrying it typically needs a household income of about $72,254 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $110,000
Population: 83,602
Median age: 40.8
Owner / renter: 88% / 12%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L0R)

$369,900· $494/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,495

Min 5%50%

Mortgage payment$1,948/mo

↳ CMHC premium ($14,056 capitalized)

Property tax (est.)$192/mo

Condo fee$360/mo

Total monthly$2,500

Cash Needed to Close

Down payment (5%)$18,495

Land transfer tax$4,024

Est. closing costs$3,610

Total cash needed$26,129

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Open house

#302 111 SMITS COVE, West Lincoln (Smithville) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L0R)

Book a showing

Full Cost Breakdown