95 Forest Ave

FOR SALE
$499,900
95 Forest Ave, St. Thomas
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
95 Forest Ave
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
9 + 3
ROOMS
X11974127
MLSID
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Property Description
Discover the perfect house hacking opportunity with this newly renovated 3-bedroom, 2-storey detached home at 95 Forest Ave. Ideal for first-time home buyers looking to offset their mortgage, this vacant possession property offers a full basement with the potential to be developed into a 2 or 3-bedroom rental unit, creating an additional income stream. With estimated market rent of $2,500 + utilities for the main unit and $1,650 + utilities for the basement (once completed), this is an incredible way to live affordably while building equity. Move-in ready and full of potential, this is an excellent opportunity for both homeowners and investors alike. Don't miss out on this smart, income-generating home!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-01-24 2022-02-09 16 $449,900 $525,000 Sold
Property Features
Hospital, Public Transit
Property Details
Community
Property Type
Detached, 1 1/2 Storey
Lot Size
45' x 83'
Acreage
< .50
Fronting
South
Taxes
$2,443 (2024)
Basement
Full, Unfinished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Lane
Garage Type
Detached
St. Thomas Market Statistics
St. Thomas Price Trend
95 Forest Ave is a 3-bedroom 3-bathroom home listed for sale at $499,900, which is $67,196 (11.8%) lower than the average sold price of $567,096 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in St. Thomas increased by $55,159 (10.8%) compared to the previous 30 day period (December 22 - January 20) and up $367,573 (184.2%) from the same time one year ago.
Inventory Change
There were 41 3-bedroom homes listed in St. Thomas over the last 30 days (January 21 - February 19), which is up 36.7% compared with the previous 30 day period (December 22 - January 20) and up 1,950.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in St. Thomas typically sold ($12,370) (2.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $2,605 increase compared to the previous 30 day period (December 22 - January 20) and ($3,507) 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 St. Thomas over the last 30 days (January 21 - February 19) stood at 80.5%, down from 106.7% over the previous 30 days (December 22 - January 20) and down from 335,700.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in St. Thomas stood at 45 days when successfully sold over the last 30 days (January 21 - February 19), compared to 93 days before being removed from the market upon being suspended or terminated.
Listing contracted with Gold Empire Realty Inc.
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