$ 529,000

Brand-New Raised Ranch with In-Law Suite Near Lake Erie

Property details for 207 Ross Crescent, Colchester

Type
Residential
Style
Raised ranch
Bedrooms
4
Bathrooms
4
Living Area
1,200 square feet
Lot Size
50 X 110 FT
Heating
Heat Pump, Electric
Cooling
Heat Pump
Exterior
Concrete/Stucco
Ownership
Freehold

This brand-new raised ranch in Colchester Heights is essentially two homes in one. Main level has 2 beds, 2 baths, and an open living/dining/kitchen area with hardwood floors and a heat pump for efficient heating and cooling. But the real kicker is the fully finished basement: it's got its own kitchen, separate grade entrance, 2 more bedrooms, and 2 baths-perfect for in-laws or rental income. The lower level also has a big living/dining room (17.7 x 22.4) and a primary suite with a 4pc ensuite. Total living space is around 1,200 sq ft per level, so you're getting roughly 2,400 sq ft of finished space. The lot is 50 x 110 ft with a concrete/stucco exterior, and there's a front driveway. It's priced at $529,000, which is just above the $524k median nearby, but you're getting brand-new construction and a legal-ish suite setup. Harrow District High School is 5.9 km away, and you're within 6.5 km of Colio and Viewpointe wineries. Lake Erie's beaches and boat launches are a short drive. Downside: only 2 active listings nearby, and the market score is lowish, but with 1 sale in the last 30 days at $519k, it's moving. If you need a mortgage helper or multi-gen setup, this is a smart buy.

About 207 Ross Crescent, Colchester — Property Score

62
Great Location
Score: 62/100
Value
65
Priced 9.4% below area median of $584,000 based on 4 comparable properties nearby 84
$441/sqft - 5.3% above the $419/sqft area median 62
Stable pricing - no price changes since original listing date 50
Size
68
1,200 sqft - 14% less space than similarly priced homes (1,400 sqft median) 49
4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72
4 bathrooms - 2 more than similarly priced properties nearby 84
5,500 sqft lot - a standard lot for the area 65
Location
75
$69K median household income - near the Canadian average of $70K 64
83% of residents hold postsecondary credentials - a highly educated neighbourhood 91
94% homeownership rate - indicating a stable, owner-occupied community 96
47% of residents commute under 30 minutes - good commuting convenience 68
52/km² population density - a rural or semi-rural setting 55
Market
47
Just listed - area average is 51 days on market 100
-10.6% median price change over 1 month - declining prices in the area 1
61 months of housing supply - 61 active listings with 1 sold last month (buyer's market) 40
Features
60
Heat Pump, Electric 50
Heat Pump 60
Waterfront - premium features that add significant value 70
Investment
68
+27% area price change year-over-year - strong appreciation in Essex 100
5% renter population - primarily owner-occupied area 35
Quality
50
Condition
50
Listing
72
15 photos provided - below the area average of 32 photos 85
3 of 7 key property details provided (43%) - some key property details missing 58

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.

Full Listing Description

All Property Details

Neighbourhood Census Data

Essex, Ontario

Population
786
Median Age
49.3
Median Income
$35,840
Dwelling Value
$165,836

Housing Tenure

Owners 94%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.3
Pop. Density: 52.4/km²
Avg Shelter Cost: $1,114/mo
Owners with Mortgage: 69.8%
Owners Spending 30%+: 15.9%
Tenants Spending 30%+: 0%
English only: 94.9%
English and French: 5.7%
Median Household Income: $68,864
Median Employment Income: $30,272

Price History

Contact Agent Get in touch about 207 Ross Crescent, Colchester

CHANTAL EL-CHAAR
CHANTAL EL-CHAAR
PINNACLE PLUS REALTY LTD.

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