176 Spence Drive, Strathroy-Caradoc, ON

$499,999
MLS#:X8480408
4 beds
2 baths
700-1100 sqft
3.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] semi-detached located in the coveted neighborhood of SW. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $499,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 33.08 x 115.3 ft lot
  • Features a ["apartment", "separate entrance"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: In-Law Capability, In-Law Suite, Accessory Apartment
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Live in this beautifully handcrafted semi-detached, with an income helper from the lower level of $1650 per month OR this could be a Turnkey 8.2 Cap Investment Property ($46,200 in projected rental income)! No matter what way you look at this semi-detached with no condo fees, this offering is like no other in the town of Strathroy. This property just underwent a stunning renovation top to bottom, boasting meticulously craftmanship and it offers a 1-bedroom in-law suite in the basement, with its own separate entrance off the back of the house. The upper level features an open concept island white kitchen with quartz counters, LVP flooring, which is scratch proof and waterproof, perfect for kids and pets. It also has its own private laundry hook up, located in a bedroom closet. The lower-level gleams with an abundance of natural light, due to the large windows throughout, no dingy basement here! The one-bedroom basement suite also offers a very spacious layout being almost 1000 sq ft and comes with its own private entrance and includes laundry as well. Do not miss an incredibly rare offering in the town of Strathroy. Offers being reviewed July 3rd at 2:00pm.

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 10, 2024
Sold price information is available to members only
Listed Date6/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
ConstructionBrick, Vinyl Siding
Lot Size33.08 × 115.3 Feet
CountyMiddlesex
Annual Tax$2,452.25
Legal DescriptionPCL 147-3, SEC 34M18 ; PT LT 147, PL 34M18 , PART 1 , 34R1627 ; STRATHROY

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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176 Spence Drive, Strathroy-Caradoc, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 176 Spence Drive, Strathroy-Caradoc, ON N7G 3T5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$399,999.2
Monthly Mortgage$2,324
Property Tax (Est.)$204
Utilities & Maint.$350
Total Monthly Cost$2,878

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Strathroy-Caradoc.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Sw, Strathroy Caradoc.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,459,900

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

St Vincent de Paul
Public286 McKellar Street, Strathroy-Caradoc, Ontario, N7G 2Y5
3.9
Mary Wright
Public213 McKellar Street, Strathroy-Caradoc, Ontario, N7G 1B1
4.9
Our Lady Immaculate
Public75 Head Street, Strathroy-Caradoc, Ontario, N7G 2J6
5.5
North Meadows
Public82 Middlesex Drive, Strathroy-Caradoc, Ontario, N7G 4G5
5.3
Caradoc North
Public8041 Scotchmere Drive, Strathroy-Caradoc, Ontario, N7G 3H3
7.2

Secondary Schools

Strathroy District
Public361 Second Street, Strathroy-Caradoc, Ontario, N7G 4J8
5.5
Holy Cross
Public367 Second Street, Strathroy-Caradoc, Ontario, N7G 4K6
5.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.