3188 Young Ave

FOR SALE
$649,900
3188 Young Ave, Fort Erie
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
3188 Young Ave
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
7
ROOMS
X11965102
MLSID
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Property Description
Classic bungalow cottage in the Thunder Bay Area of Ridgeway, only moments away from Lake Erie, Bernard Beach and Crystal Beach! This property has been owned and enjoyed by the same family for many years. Currently set up with 2 bedrooms and 1 bath, although the 1576 square footage (including porches) allow for changes to that. Loads of character for anyone searching for that cottage vibe. Loads of original wood work throughout the interior, cedar shake exterior and the highlight, which is a stone mantle/chimney, which would be ideal for a gas fireplace. The house will require work, although it has a good roof and what appears to be a solid foundation. Although it has been lived in year round for years, it is best described as semi-winterized as it would require a better heating system (currently heated with a free standing gas stove) and improved insulation, windows, etc. Lovely front porch offers awesome potential. Additionally, the 186 lot offers not 1, but 2 severance opportunities to create separate building lots. Buyer to satisfy themselves with the Town of Fort Erie regarding severance process. Detached garage will also require some work but appears to be repairable. This is an awesome opportunity for a contractor, builder, or anyone interested in having a charming home with lots of possibilities.
Property Features
Beach, Lake Access
Property Details
Street
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
185' x 125'
Acreage
.50-1.99
Fronting
North
Taxes
$3,165 (2024)
Basement
None
Exterior
Other
Heat Type
Other
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Lane
Garage Type
Detached
Fort Erie Market Statistics
Fort Erie Price Trend
3188 Young Ave is a 2-bedroom 1-bathroom home listed for sale at $649,900, which is $111,289 (20.7%) higher than the average sold price of $538,611 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Fort Erie declined by $97,889 (15.4%) compared to the previous 30 day period (December 22 - January 20) and up $96,111 (21.7%) from the same time one year ago.
Inventory Change
There were 36 2-bedroom homes listed in Fort Erie over the last 30 days (January 21 - February 19), which is up 111.8% compared with the previous 30 day period (December 22 - January 20) and up 200.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Fort Erie typically sold ($19,133) (3.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $5,384 decrease compared to the previous 30 day period (December 22 - January 20) and ($32,000) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Fort Erie over the last 30 days (January 21 - February 19) stood at 25.0%, down from 58.8% over the previous 30 days (December 22 - January 20) and up from 16.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Fort Erie stood at 29 days when successfully sold over the last 30 days (January 21 - February 19), compared to 93 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Nrc Realty
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