185 Ontario Street, Burk's Falls, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Burk's Falls. Expertly crafted featuring premium brick veneer and metal/steel siding construction, this residence presents an exceptional opportunity offered at $499,000 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 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 65.26 x 162.39 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Accessory Apartment, Water Heater Owned, Separate Heating Controls
- Efficient forced air heating via gas
Description
Great investment opportunity with high visibility in the heart of the up and coming village of Burk's Falls. This amazing building offers two residential units on the second floor and three commercial units on the street level with street parking and a large, free municipal parking area steps away. Each residential apartment has two bedrooms, a kitchen, and generous sized living areas. A large basement area for storage is available for the commercial units or for owner storage. All current tenants, both residential and commercial, are long term tenants with a desire to stay. Vacant commercial unit would accommodate a smaller, office type business or gift shop catering to the local and cottage clientele that travel down this busy street throughout the year. Arrange a viewing today as the possibilities are endless with this one of a kind offering. Vendor Take Back Mortgage is available upon agreed terms.
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Accessory Apartment, Water Heater Owned, Separate Heating Controls
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Pricing & Value Insights
Data-driven valuation for 185 Ontario Street, Burk's Falls, ON P0A 1C0
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About Purchasing a Home in Burk's Falls, ON
For a property listed at $499,000 in Burk's Falls, the legal minimum down payment is $24,950 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 $6,455 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 $6,455.
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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.