61 Rebecca Drive, Aylmer, ON

$195,000
MLS#:X8427904
0 beds
0 baths
Residential Freehold
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Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Aylmer. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $195,000 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 50 x 110 ft lot size
  • Notable attributes: None

Description

Build your dream home on this generously-sized lot in the picturesque, historic town of Aylmer, located in Elgin County. Utilities, including sewer, hydro, and natural gas, are readily available at the lot line. This is an exceptional opportunity to invest in a thriving, upscale community. Nestled in a serene and scenic area, these lots are perfect for creating high-demand residential properties that will appeal to a wide range of buyers. Conveniently located just minutes from the 401, 30 minutes from London, and 25 minutes from St. Thomas, and is close to all amenities.

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Property Summary

This vacant land located at 61 Rebecca Drive, Aylmer is currently for sale and has been available on SousaSells for 767 days. This property is listed at $195,000 with an estimated mortgage of $649* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 61 Rebecca Drive, Aylmer is in the Aylmer neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

000
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date6/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Lot Size50 × 110 Feet
CountyElgin
Annual Tax$0
Legal DescriptionPCL 66-1 SEC 11M90; LT 66 PL 11M90 AYLMER; AYLMER

Parking & Garage

Heating & Cooling

Features

Property Features

Public Transit, Lake/Pond

Interior Features

None

Security Features

Community Features

Location

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61 Rebecca Drive, Aylmer, 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 61 Rebecca Drive, Aylmer, ON N5H 0A1

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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Aylmer.

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Interest Rate4.00%
Down Payment$58,500 (30.0%)
* Minimum Canadian down payment required for this price is $9,750.
Amortization Period30 Years
Estimated Monthly Payment$649Based on a loan of $136,500 over 30 years.
Purchase Price$195,000
Loan Amount$136,500
Provincial Land Transfer Tax:$1,675
Total Estimated Closing Taxes:$1,675

About Purchasing a Home in Aylmer, ON

For a property listed at $195,000 in Aylmer, the legal minimum down payment is $9,750 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,675 for this transaction. As this listing is in Aylmer (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,675.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Aylmer, Aylmer.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$611,710

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

Assumption
Public42 Elk Street, Aylmer, Ontario, N5H 1P6
2.3
Summers' Corners
Public50576 Highway 3, Aylmer, Ontario, N5H 2R1
5.2

Secondary Schools

East Elgin
Public362 Talbot Street West, Aylmer, Ontario, N5H 1K6
4.6

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.