$75,000
For sale: Detached

RED LAKE! Calling all investors, first time home buyers looking to earn sweat equity, DIY enthusiasts or builder looking to create their perfect waterfront home. Opportunity to purchase a prime lot on the desirable shorelines of Red Lake situated on more than half acre. Offering 2bed+den, 2 bath just under 1500sqft of living space. Spacious main level presenting a bright foyer, open living comb w/ dining space, Eat-in family style kitchen, main level bedroom, 4-pc bath, & convenient laundry. Primary bedroom located separately on the 2nd level w/ a large den (can be used as an oversized walk-in closet, home office, or nursery). Full sized bsmt awaiting your vision. Walk-down to your private dock & enjoy the day on the water. Generous lot ideal for family enjoyment & pet lovers.
Sold data
Detached homes in Red Lake took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 84, across 30 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.
The median sale price was $249,950.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 20% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
Based on 30 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Red Lake has 3 Fraser Institute–rated schools (2 elementary and 1 secondary), averaging 6.1/10.
School ratings from the Fraser Institute's Ontario school report cards.
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