138 Main Street, Burk's Falls, ON
Property Highlights
Welcome to this remarkable Other duplex located in the coveted neighborhood of Burk's Falls. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $399,900 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 66 x 165 ft lot
- Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient detached configuration
- Notable attributes: In-Law Suite, On Demand Water Heater
- Efficient baseboard heating via electric
Description
Live for free! Pay your mortgage by living in one unit and renting out the other two. This versatile property is perfect for multi-family living or a savvy investment. The property consists of an 864-square-foot main house featuring 2 bedrooms and 1 bathroom, a 1,020-square-foot addition ideal for an in-law suite with 1 bedroom plus a den and 1 bathroom, and a 1,020-square-foot lower unit offering 2 bedrooms and 1 bathroom. A large (650 sqft), detached, powered 2-car garage with separate bays provides sheltered parking, excellent storage, or a simple workspace. Key upgrades include a new gas furnace installed in 2023 and fibre high-speed internet. Remove the outdoor lattice and have a beautiful wrap-around porch! This is a rare, straightforward opportunity for multi-generational families or investors looking for maximum rental income potential.
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Property Summary
This duplex located at 138 Main Street, Burk's Falls is currently for sale and has been available on SousaSells for 9 days. This property is listed at $399,900 with an estimated mortgage of $1,331* per month. It has 5 beds, 3 bathrooms, and is 1500-2000 square feet. 138 Main Street, Burk's Falls is in the Burk's Falls neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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In-Law Suite, On Demand Water Heater
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 138 Main Street, Burk's Falls, ON P0A 1C0
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 Burk's Falls, ON
For a property listed at $399,900 in Burk's Falls, the legal minimum down payment is $19,995 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 $4,474 for this transaction. As this listing is in Burk's Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,474.
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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.