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50 Canonicus Avenue, Oak Bluffs, MA, 02557

2beds
1baths
953sqft
$899,000
$943price/sqft
$5,926/moest. monthly cost
$237,040/yrincome needed

About This Home

Rare Opportunity to Be in a Special Location and Neighborhood! Loved by generations, this quintessential Vineyard cottage has been in the same family since its creation in 1900. Step back in time and enjoy easy cottage living of yesteryear with modern updates including newer windows and electrical. Nestled under mature trees and just .3 mile to Inkwell Beach, join this close-knit neighborhood and make this house your island home. Close to the beach, town, bike path, and more, this home sits in a special location. It is also part of both the Cottage City and Copeland Districts. The property is over 100 years old but not on the MACRIS registry. Buyers should research the process for making major renovations.Home is being sold ''as is''. Septic is a functioning cesspool but it will need to be upgraded. Basic engineering is being completed and a septic plan is being drawn up. It will be the Buyer's responsibility to have the plan approved and complete the installation as part of the overall plan for the property. Buyers should consult an architect about the process for completing major renovations.

Getting Around

57
WalkingSomewhat Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Actual
  • Year built: 1900

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Shingle
  • Construction materials: Shingle Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Range,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Features: Dining Room

Features

  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: Other

Interior Area

  • Total structure area: 953
  • Total interior livable area: 953 sqft

Kitchen

  • Features: Kitchen

Living Room

  • Features: Living Room

Property

Details

  • Parcel number: OAKB M:0018 B:0002 L:000
  • Zoning: R2
  • Special condition: Standard

Features

  • Stories: 2
  • Exterior features: Outdoor Shower
  • Has view: Yes
  • Has water view: Yes
  • Water view: Ocean

Lot

  • Lot size: 4,791 sqft
  • Features: Bike Path,School,Medical Facility,House of Worship,Near Golf Course,In Town Location,Conservation Area

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Inland Flooding
Coastal Flooding
Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,545$54,540
Home Insurance *$651$7,812
Property Taxes $376$4,512
Electricity $354$4,259
Total$5,926$71,112
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$203,177/yr
40% on housing$177,780/yr
45% on housing$158,026/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$943This listing

vs Other Active Listings

Avg $/sqft

ZIP 02557$756
Dukes County$1,038

vs Homes Sold Last Month

Median $/sqft

ZIP 02557$765
Dukes County$616

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-09Price change$899,000
2025-12-30Price change$925,000
2025-09-25Price change$970,000
2024-09-23Listed for sale$995,000

For Sale by Agent

AgentMichele A Moore
BrokerageIsland Real Estate

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