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Property Description
Nestled in a picturesque setting, this charming 4 season cottage offers an expansive view of Lake Erie. Imagine waking up to breathtaking views of the lake every morning. This turnkey cottage is fully equipped and ready for a fun-filled summer. With its private location at the end of the lane, its the perfect spot for the whole family to enjoy the outdoors with ample room for relaxation and outdoor activities, plus plenty of parking. As the sun sets, you can unwind on the sprawling deck and enjoy the warm summer nights. The cottage features a large, well-equipped kitchen with plenty of natural light, a cozy fireplace in the living room, and 3 comfortable bedrooms. Why waste hours driving to Muskoka when this fantastic property is just an hour away from Hamilton, 1.2 hours from Oakville, and 1.5 hours from Mississauga? As a successful short term rental, this cottage represents an excellent investment opportunity. The turnkey nature of the property means it is ready to generate income immediately. The popularity of Lake Erie as a travel destination makes this a lucrative opportunity for the savvy investor.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-12 | 2025-01-24 | 182 | $475,000 | - | Expired |
| 2024-02-22 | 2024-07-12 | 144 | $475,000 | - | Expired |
| 2023-07-10 | 2024-01-31 | 210 | $499,000 | - | Expired |
| 2023-04-11 | 2023-06-26 | 76 | $575,000 | - | Terminated |
| 2022-10-14 | 2022-12-04 | 51 | $610,000 | - | Terminated |
| 2022-03-02 | 2022-03-28 | 25 | $599,900 | $550,000 | Sold |
Property Features
Clear View, Golf, Hospital, Lake/Pond, Waterfront
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
49' x 220'
Acreage
< .50
Lot Irregularities
Irregular depth
Fronting
South
Taxes
$2,156 (2024)
Basement
None
Exterior
Vinyl Siding
Heat Type
Radiant
Heat Source
Propane
Air Conditioning
None
Water
Other
Parking Spaces
3
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 11.42' x 13.32' | Overlook Water, Fireplace |
| Dining | Ground | 5.51' x 11.42' | |
| Kitchen | Ground | 11.32' x 11.42' | |
| Bathroom | Ground | 6.43' x 7.74' | 4 Pc Bath |
| Prim Bdrm | Ground | 7.91' x 11.52' | |
| 2nd Br | Ground | 7.84' x 11.42' | |
| 3rd Br | Ground | 6.59' x 11.42' |
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Haldimand Market Statistics
Haldimand Price Trend
25 Erie Heights Line is a 3-bedroom 1-bathroom home listed for sale at $458,000, which is $339,352 (42.6%) lower than the average sold price of $797,352 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Haldimand increased by $138,443 (21.0%) compared to the previous 30 day period (December 22 - January 20) and up $116,241 (17.1%) from the same time one year ago.Inventory Change
There were 28 3-bedroom homes listed in Haldimand over the last 30 days (January 21 - February 19), which is up 12.0% compared with the previous 30 day period (December 22 - January 20) and up 55.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Haldimand typically sold ($20,088) (2.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $6,166 increase compared to the previous 30 day period (December 22 - January 20) and ($14,344) 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 3-bedroom homes in Haldimand over the last 30 days (January 21 - February 19) stood at 60.7%, up from 44.0% over the previous 30 days (December 22 - January 20) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Haldimand stood at 117 days when successfully sold over the last 30 days (January 21 - February 19), compared to 157 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage State Realty
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