56556 Heritage Line, Bayham, ON

$575,000
MLS#:X10433027
3 beds
2 baths
700-1100 sqft
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on January 3, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Bayham. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $575,000 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 99.37 x 245 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient water heating via gas

Description

Would you like to come home to a charming brick bungalow on a spacious Country lot? Welcome to 56556 Heritage Line! This brick bungalow, is situated on a beautiful near 1/2 acre country lot. This home offers a lovely blend of modern living and rural tranquility, with room to grow and entertain.The main floor features an open-concept layout. The spacious living and dining rooms flow seamlessly, creating a bright and inviting atmosphere. Large windows allow natural light to fill the space and amplify the cozy feel.The finished basement offers additional living space with versatility to suit your needs: Rec Room/Home Office/Extra bedrooms. Enjoy the convenience of a double wide driveway, as well as a single attached garage for easy access to your vehicle, especially in the winter months. Outside offers a retreat with room for activities, gardening and enjoying nature from your large deck. Whether you are looking for space to unwind or room to breathe, this property delivers. Welcome Home.

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Property Summary

This detached home located at 56556 Heritage Line, Bayham is currently for sale and has been available on SousaSells for 611 days. This property is listed at $575,000 with an estimated mortgage of $1,914* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 56556 Heritage Line, Bayham is in the Rural Bayham neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 3, 2025
Sold price information is available to members only
Listed Date11/20/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFinished
Lot Size99.37 × 245 Feet
CountyElgin
Annual Tax$3,286.45
Legal DescriptionPt Lt `117 Con NTR Bayham as in E353357, Bayham E

Parking & Garage

Parking Total5.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeWater
CoolingCentral Air

Features

Property Features

Beach, Park, School

Interior Features

Central Vacuum

Security Features

Community Features

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Location

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56556 Heritage Line, 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 56556 Heritage Line, Bayham, ON N0J 1Y0

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$172,500 (30.0%)
* Minimum Canadian down payment required for this price is $32,500.
Amortization Period30 Years
Estimated Monthly Payment$1,914Based on a loan of $402,500 over 30 years.
Purchase Price$575,000
Loan Amount$402,500
Provincial Land Transfer Tax:$7,975
Total Estimated Closing Taxes:$7,975

About Purchasing a Home in Bayham, ON

For a property listed at $575,000 in Bayham, the legal minimum down payment is $32,500 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 $7,975 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 $7,975.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$767,097

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.