$ 275,000

Bungalow with a backyard paradise on Forth Street in Red Lake

Property details for 7 Fourth Street, Red Lake

Type
Residential
Style
Bungalow
Bedrooms
3
Bathrooms
1
Lot Size
50 x 100 FT
Stories
1
Basement
Partially finished, Full, N/A
Parking
Detached Garage, Garage
Heating
Forced air, Natural gas
Cooling
Window air conditioner
Exterior
Vinyl siding
Ownership
Freehold
Annual Taxes
$2,634

Red Lake's market is tight right now, with just one other listing nearby. This 3-bed, 1-bath bungalow on Forth Street is priced right at $275,000 and has only been on the market for a hot minute. The main floor is one big open space with a living room, dining area, and a primary bedroom that could easily become two rooms if you add a wall and door. It's got a walk-in closet as a bonus. The full basement is partially finished with two more bedrooms and a utility area with laundry. The real showstopper is the backyard. It's like a private park with mature gardens, raised beds, a greenhouse, a garden shed, and a pond with a little waterfall. You'll spend all summer out there. The house itself has vinyl siding, a poured concrete foundation, forced air gas heat, a wall unit for AC, and a single detached garage. You're on a 50 x 100 foot lot, and the annual property tax is $2,634. Recent maintenance includes a new water heater. The kitchen appliances all come with it. It's not fancy, but it's solid and the yard is worth the price alone.

About 7 Fourth Street, Red Lake — Property Score

68
Hot Market Great Location
Score: 68/100
Value
53
Priced 10% above area median of $249,900 based on 7 comparable properties nearby 55
Stable pricing - no price changes since original listing date 50
Size
62
3 bedrooms - 1 more than similarly priced 2-bedroom homes nearby 72
1 bathroom - 1 fewer than similarly priced properties nearby 48
5,000 sqft lot - a standard lot for the area 65
Location
83
$126K median household income - well above the Canadian average of $70K 93
80% of residents hold postsecondary credentials - a highly educated neighbourhood 88
72% homeownership rate - indicating a stable, owner-occupied community 81
97% of residents commute under 30 minutes - excellent commuter accessibility 100
1/km² population density - a rural or semi-rural setting 55
Market
95
Just listed - area average is 93 days on market 100
+49.8% median price change over 1 month - rising prices in the area 100
2 months of housing supply - 2 active listings with 1 sold last month (seller's market) 85
Features
74
5-car garage - area average is 8 spots 95
Partially finished, Full basement - potential for additional finished space 85
efficient gas forced air heating 80
Wall unit 60
No premium extras like pool, waterfront, or view 50
Investment
67
0.96% effective tax rate ($2,634/yr) - below the Canadian average of ~1% 71
28% renter population - primarily owner-occupied area 63
Quality
50
Condition
50
Listing
86
18 photos provided - 6% more than the area average of 17 photos 85
6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* 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

Red Lake, Ontario

Population
619
Median Age
42.2
Median Income
$55,168
Dwelling Value
$359,067

Housing Tenure

Owners 72%
Renters 28%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.5
Pop. Density: 1.3/km²
Avg Shelter Cost: $1,460/mo
Owners with Mortgage: 47.1%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 23.1%
English only: 91.9%
English and French: 7.3%
Median Household Income: $126,464
Median Employment Income: $51,072

Price History

Contact Agent Get in touch about 7 Fourth Street, Red Lake

MICHELE IMRIE
MICHELE IMRIE
RED LAKE REALTY LTD