11635 PLANK Road, Bayham, ON

$369,500
MLS#:X10745003
0 beds
0 baths
Residential Freehold
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Property no longer active

This property was sold on October 23, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Eden. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $369,500 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 78.44 x 301.74 ft lot size

Description

Vendor Take Back mortgage potential! Prime, mature, building lot available immediately so begin building your dream home today! This lot has privacy, mature trees and has full services available. You wont find a better lot to build on. A massive 0.61 acres that already has a driveway, a variety of mature trees, is flat land and is partially fenced. Nothing to do here but start building! Located within 5 minutes from Tillsonburg and close to the beautiful beaches of Lake Erie, this unmatched, extra large building lot can support any sized home and family as well as room for a separate shop / garage with second living space. Don't wait! This won't last long.

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Property Summary

This vacant land located at 11635 PLANK Road, Bayham is currently for sale and has been available on SousaSells for 695 days. This property is listed at $369,500 with an estimated mortgage of $1,230* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 11635 PLANK Road, Bayham is in the Eden neighborhood.

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

Key Features

0
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date8/28/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Lot Size78.44 × 301.74 Feet
CountyElgin
Annual Tax$0
Legal DescriptionPART LOT 23, CONCESSION 9 BAYHAM, PART 1, PLAN 11R-11062 MUNICIPALITY OF BAYHAM

Parking & Garage

Garage TypeNone

Heating & Cooling

Features

Property Features

Interior Features

Security Features

Community Features

Location

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11635 PLANK Road, Bayham, 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 11635 PLANK Road, Bayham, ON N0J 1H0

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.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$110,850 (30.0%)
* Minimum Canadian down payment required for this price is $18,475.
Amortization Period30 Years
Estimated Monthly Payment$1,230Based on a loan of $258,650 over 30 years.
Purchase Price$369,500
Loan Amount$258,650
Provincial Land Transfer Tax:$4,018
Total Estimated Closing Taxes:$4,018

About Purchasing a Home in Bayham, ON

For a property listed at $369,500 in Bayham, the legal minimum down payment is $18,475 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 $4,018 for this transaction. As this listing is in Bayham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,018.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$858,116

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

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Secondary Schools

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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.