695 Lakeside Rd

Fort Erie, L2A 4Y4
FOR SALE
$550,000
695 Lakeside Rd, Fort Erie
695 Lakeside Rd
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695 Lakeside Rd
695 Lakeside Rd
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695 Lakeside Rd
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695 Lakeside Rd
695 Lakeside Rd
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695 Lakeside Rd
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
X7326500
MLSID
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Property Description
"Embrace the Opportunity! Calling all nature lovers with a passion for renovation - your dream home awaits. Nestled on a double lot, this property not only offers the charm of a rural retreat with mature trees and lush landscaping but also the potential for a severable lot. Imagine the possibilities! Conveniently located near two schools, the town hall, and a variety of parks and recreational facilities, this home is at the heart of it all. Currently undergoing renovations, it beckons for someone with a vision to bring it to its full potential. With some replacement windows, updated drywall, insulation, Forced air gas furnace replaced in 2017, replacement roof shingles on the main house, improved and repointed chimney and some electrical work already completed, you're well on your way to transforming this house into your dream home. Seize the chance to shape your living space, surrounded by the tranquility of nature, while still enjoying the amenities of a close-knit community.
Property Features
Beach, Golf, Lake Access, Park, Place Of Worship, School
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
120' x 142'
Fronting
West
Taxes
$2,428 (2023)
Basement
Crawl Space
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain6.99' x 8.01'
LivingMain12.99' x 21.00'
BrMain12.01' x 18.01'
BrMain8.99' x 10.99'
OtherMain10.99' x 14.01'
Fort Erie Market Statistics
Fort Erie Price Trend
695 Lakeside Rd is a 2-bedroom 1-bathroom home listed for sale at $550,000, which is $10,000 (1.8%) lower than the average sold price of $560,000 in the last 30 days (January 27 - February 25). During the last 30 days the average sold price for a 2 bedroom home in Fort Erie increased by $161,500 (40.5%) compared to the previous 30 day period (December 28 - January 26) and up $130,000 (30.2%) from the same time one year ago.
Inventory Change
There were 15 2-bedroom homes listed in Fort Erie over the last 30 days (January 27 - February 25), which is up 200.0% compared with the previous 30 day period (December 28 - January 26) and up 36.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Fort Erie typically sold ($39,000) (7.0%) below asking price over the last 30 days (January 27 - February 25), which represents a $5,000 decrease compared to the previous 30 day period (December 28 - January 26) and ($12,499) less 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 27 - February 25) stood at 20.0%, down from 60.0% over the previous 30 days (December 28 - January 26) and down from 54.5% 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 21 days when successfully sold over the last 30 days (January 27 - February 25), compared to 109 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Niagara Realty Ltd.
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