414 Gillespie Avenue, Cornwall, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium metal/steel siding construction, this residence presents an exceptional opportunity offered at $307,000 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 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 24.42 x 116.02 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this charming and budget-friendly 3-bedroom home, ideally located in a convenient neighbourhood close to everyday amenities. Offering a blend of character and modern updates, this property is a fantastic opportunity to step into homeownership or expand your investment portfolio. The recently updated eat-in kitchen features stylish cabinetry and a contemporary backsplash, creating a bright and functional space for daily living. A spacious living room provides plenty of room to relax and entertain. The main floor also offers a versatile bedroom, a dedicated office/den, and a 4-piece bathroom with a tub/shower combination. Upstairs, you'll find two comfortable bedrooms, both complete with walk-in closets, adding valuable storage space. Additional features include an enclosed porch, a fully fenced yard, natural gas furnace, central A/C, updated electrical panel, and roof shingles replaced in 2016. Currently tenanted at $1,550/month plus utilities, this property offers immediate income potential for investors. A smart move in today's market-whether you're starting out or building your portfolio. *As per Seller direction allow 48 hour irrevocable on offers.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 414 Gillespie Avenue, Cornwall, ON K6H 2T5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cornwall, ON
For a property listed at $307,000 in Cornwall, the legal minimum down payment is $15,350 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 $3,080 for this transaction. As this listing is in Cornwall (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,080.
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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.