1040-1042 King Street, Champlain, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of 611 - L'Orignal. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $489,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 20.88 x 144.44 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Water Heater Owned, Water Meter
- Efficient forced air heating via gas
Description
A unique property to create a unique lifestyle. An income property, investment property or home, sweet home? You decide. Live in a quiet two-storey apartment in this historic brick building in picturesque L'Orignal and enjoy morning coffee from your upper balcony with a river view and end your day with breathtaking sunsets, A LR is on the main floor with large kitchen, two bedrooms, laundry and full bath upstairs. An extra room in the basement offers extra living space. PLUS: An updated one-bedroom apartment fronts on King Street, offering extra income or use it as an in-law suite or as an office. This building has been renovated to building code and is ready for you to reap the rewards! A walkable community, proximity to Highway 17, local park, sandy beach, marina, post office, school and church. The owner is renting a room (short-term) to 1 tenant in the upstairs apartment at 1100$/month. Upstairs apartment will be vacant as of August 1, 2026. The main floor, 1-bedroom apartment is rented at $785 per month to a lovely tenant. All appliances included. Two sheds on the property. Note that some furnishings in 2-bedroom apartment can be included. 24 hours irrevocable on all offers.
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Pricing & Value Insights
Data-driven valuation for 1040-1042 King Street, Champlain, ON K0B 1K0
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About Purchasing a Home in Champlain, ON
For a property listed at $489,000 in Champlain, the legal minimum down payment is $24,450 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 $6,255 for this transaction. As this listing is in Champlain (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,255.
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