5934 RICHMOND Road, Bayham, ON

$840,000
MLS#:X10745265
3 beds
2 baths
2000-2500 sqft
18.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Rural Bayham. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $840,000 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 2000-2500 sqft
  • Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 18.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater Owned, Sump Pump, Water Softener
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled on a sprawling 2.6-acre country property that offers ultimate peace and tranquility, this stunning 3-bedroom, 2-bathroom home is a marvel of modern renovation. Boasting a total of 2098 sq ft of living space, every inch of this residence has been meticulously updated - with all the hard work already done for you, this home is ready for you to simply move in and enjoy! Perfect for anyone looking for a hassle-free transition to a fresh and modern living space. On the inside of the home you will find a bright kitchen and living space, a cozy electric fire place, updated windows, doors, wiring, plumbing and bathrooms. The mudroom, with new epoxy flooring and spray foam insulation, includes brand-new washer and dryer, adding practical luxury to this impressive home. The exterior of the home provides the convenience of two driveways perfect for guests or RV parking. The home features a covered front porch where you can watch the sunset along the open fields, and a back deck ready for entertaining. The property is zoned agricultural, offering possibilities for further development such as additional structures or a shop, and the opportunity to keep animals. The existing shop is heated with a wood stove which has also been recently spray-foamed and features a loft that’s ready to be converted into your dream man cave. There is 200amp service at the meter for your convenience. This property is not just a home, but a lifestyle awaiting your touch.

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Property Summary

This detached home located at 5934 RICHMOND Road, Bayham is currently for sale and has been available on SousaSells for 738 days. This property is listed at $840,000 with an estimated mortgage of $2,796* per month. It has 3 beds, 2 bathrooms, and is 2000-2500 square feet. 5934 RICHMOND Road, 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
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionVinyl Siding
BasementUnfinished, Full
CountyElgin
Annual Tax$3,600
Legal DescriptionPART OF LOT 1, CONCESSION 3 BAYHAM DESIGNATED AS PART 1, 11R-10375 MUNICIPALITY OF BAYHAM. & PART LOT 1, CONCESSION 3 BAYHAM, PART 2 PLAN 11R10375, SAVE & EXCEPT PART 1 PLAN 11R10820 MUNICIPALITY OF BAYHAM

Parking & Garage

Parking Spaces18.0
Garage Spaces12
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater Owned, Sump Pump, Water Softener

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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5934 RICHMOND 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 5934 RICHMOND Road, Bayham, ON N0J 1T0

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$252,000 (30.0%)
* Minimum Canadian down payment required for this price is $59,000.
Amortization Period30 Years
Estimated Monthly Payment$2,796Based on a loan of $588,000 over 30 years.
Purchase Price$840,000
Loan Amount$588,000
Provincial Land Transfer Tax:$13,275
Total Estimated Closing Taxes:$13,275

About Purchasing a Home in Bayham, ON

For a property listed at $840,000 in Bayham, the legal minimum down payment is $59,000 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 $13,275 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 $13,275.

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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$767,098

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.