55 Park Street, Bonfield, ON
Property no longer active
This property was sold on March 17, 2025. 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 Bonfield. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $50,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 56.44 x 62.76 ft lot
- 2.0 total parking spaces available
- Notable attributes: None
- Efficient other heating
Description
This once upon a time loved home is being sold in "as is where is condition". There is a 6-inch drilled well but no water to the home due to pipes freezing in the winter. No steel roof over the bathroom has caused a significant amount of water damage above & as well as the interior. Heating not operational. Hydro is off. The septic is a holding tank. There is natural gas to the home and a single wide driveway. Seller will not be responsible for any liabilities. Home may need to be torn down, but for the right person this home can potentially be saved! The lot itself is beautiful and located in a country setting with close neighbours. Great lot to build a new home! Note, there is NO ACCESS to interior of the home permitted.
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Property Summary
This vacant land located at 55 Park Street, Bonfield is currently for sale and has been available on SousaSells for 501 days. This property is listed at $50,000 with an estimated mortgage of $166* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 55 Park Street, Bonfield is in the Bonfield neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Park, Place Of Worship, School Bus Route
Interior Features
None
Security Features
Community Features
Location
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 55 Park Street, Bonfield, ON P0H 2E0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Bonfield, ON
For a property listed at $50,000 in Bonfield, the legal minimum down payment is $2,500 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 $250 for this transaction. As this listing is in Bonfield (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $250.
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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.