16 HOWEY Ave

FOR SALE
$799,916
16 HOWEY Ave, Norfolk
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
16 HOWEY Ave
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
6
ROOMS
X9054437
MLSID
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Property Description
Welcome to your dream cottage in beautiful Long Point. This charming, updated cottage is situated on a spacious corner lot and offers two boat slips (26x18 & 36x12) on the inner bay boat channel - perfect for boating enthusiasts. Just a two-minute walk to the stunning Long Point Beach, this location provides the ultimate blend of relaxation and adventure. The cottage features a bright and airy living area with a vaulted ceiling, a newly updated kitchen (2021/22) with quartz counters, subway tiles, stainless steel appliances, and a breakfast bar. The bathroom has been modernized, and the convenience of an in-house washer and dryer is included. Enjoy outdoor living on the large deck, perfect for dining and relaxation, or gather around the fire pit under the mature trees. The backyard backs onto protected green space, ensuring peace and privacy. When not used personally, the cottage is operating as a successful Air BnB, generating over $55,000 in rental income (2023). It is a fantastic investment opportunity! Whether you're looking for a year-round residence or a seasonal getaway, this property offers the best of cottage living. Don't miss this incredible opportunity!
Property Features
Beach, Campground, Grnbelt/Conserv, Lake Access, Lake/Pond, Marina
Property Details
Street
Community
Property Type
Detached, Bungalow
Lot Size
76' x 141'
Acreage
< .50
Fronting
West
Taxes
$4,384 (2023)
Basement
None
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Well
Parking Spaces
8
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain9.71' x 12.30'Vaulted Ceiling, Stainless Steel Appl, Quartz Counter
DiningMain13.71' x 6.99'Vaulted Ceiling, Open Concept
LivingMain13.71' x 14.01'Vaulted Ceiling, Open Concept
BrMain9.19' x 7.74'Vaulted Ceiling
BrMain9.25' x 10.27'Vaulted Ceiling
Norfolk Market Statistics
Norfolk Price Trend
16 HOWEY Ave is a 2-bedroom 1-bathroom home listed for sale at $799,916, which is $192,939 (31.8%) higher than the average sold price of $606,977 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 2 bedroom home in Norfolk declined by $297,983 (32.9%) compared to the previous 30 day period (July 22 - August 20) and up $6,977 (1.2%) from the same time one year ago.
Inventory Change
There were 9 2-bedroom homes listed in Norfolk over the last 30 days (August 21 - September 19), which is up 50.0% compared with the previous 30 day period (July 22 - August 20) and down 18.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Norfolk typically sold $2,277 (0.4%) above asking price over the last 30 days (August 21 - September 19), which represents a $47,237 increase compared to the previous 30 day period (July 22 - August 20) and ($20,371) more 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 2-bedroom homes in Norfolk over the last 30 days (August 21 - September 19) stood at 100.0%, down from 166.7% over the previous 30 days (July 22 - August 20) and up from 63.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Norfolk stood at 55 days when successfully sold over the last 30 days (August 21 - September 19), compared to 107 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Triland Realty
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