This property is located in Quebec, Canada.  If you are American, you may be more familiar with the US crisis than with the Canadian market that hasn't suffered anything comparable -- no housing deflation here, just a little slow down of appreciation and sales due to the US financial crisis that also turned into a recession in Canada, but nothing alarming.

Very pretty cottage in restoration on a large lot with an in-ground swimming pool.  Open area, melamine cabinets, recessed plate and oven, floor recently completed in ceramics. Master Bedroom on the ground floor, communicating bathroom. 2 bedrooms, mezzanine and bathroom  on the 2nd floor.

Lot is twice as big as comparable homes in the area. At $8.36/sq.ft. x 5,000 sq.ft. it gives a $40,000 advantage to this particular house.

Central stairs with ramp in wrought iron. Cathedral ceiling decorated with decorative wooden beams to complete. Access to the river by a side street.

Move-in ready in a great neighborhood .

Comparable sales (same sector)

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With the land and living surface adjustments, the value of the house goes up to approximately 290 000 $ in its actual state, 303 000 $ with the minor renovations completed.