2 Erickson Avenue, Kapuskasing, ON
Property no longer active
This property was sold on January 23, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow triplex located in the coveted neighborhood of Kapuskasing. Expertly crafted featuring premium stone and brick construction, this residence presents an exceptional opportunity offered at $459,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 5 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 80 x 100 ft lot
- Features a apartment, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater Owned, Water Meter
- Efficient baseboard heating via electric
Description
Beautiful turn-key investment opportunity. 4 Bedroom, 3 Bathroom home with 2-2 Bedroom basement units. Main unit has 2200 feet of living space. Main unit has a spacious kitchen, dining room and west-facing living room with cathedral ceiling, 4 bedrooms (one of which is presently used as a custom dressing room), 2 bathrooms (1-3pc + 1-4pc) and bonus back den\family room area with access to a section of the basement which has a storage room, utility room and an additional 3pc bathroom. This unit was extensively remodelled in the past year including newly constructed kitchen & dining room, updated bathrooms, some new flooring, trim and much more. Lower level has 2- 2 Bedroom units, one of which was completely remodelled in the spring of 2024. Detached in-floor heating garage (24'x32'), asphalt driveway, ample parking and private back yard.
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Property Summary
This triplex located at 2 Erickson Avenue, Kapuskasing is currently for sale and has been available on SousaSells for 575 days. This property is listed at $459,000 with an estimated mortgage of $1,528* per month. It has 4 beds, 5 bathrooms, and is 2000-2500 square feet. 2 Erickson Avenue, Kapuskasing is in the Kapuskasing neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2 Erickson Avenue, Kapuskasing, ON P5N 2K7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kapuskasing, ON
For a property listed at $459,000 in Kapuskasing, the legal minimum down payment is $22,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,655 for this transaction. As this listing is in Kapuskasing (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,655.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.