0 Elgin Street, Cramahe, ON
Property no longer active
This property was sold on June 18, 2024. 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 Rural Cramahe. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $275,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 163.82 x 640 ft lot size
- Notable attributes: None
Description
Discover the perfect blend of rural charm and in-town convenience with this exceptional 4.33-acre vacant land parcel located in the heart of Colborne. This unique property stands out with its rare features, including municipal water, natural gas, and hydro connections already in place, making it an ideal canvas for your dream home. Set in a classic rural setting, yet just a 2-minute drive to Highway 401, this land offers an easy commute while providing the tranquility of country living. Entrance is already established, making the property ready for immediate development. Additionally, the zoning allows for a home occupation, providing the flexibility to operate a business from the comfort of your home. Imagine waking up to picturesque views to the south, overlooking the serene Lake Ontario. This location is not just about the land, but also about the vibrant community of Colborne. Enjoy the charm of local, quaint shops and the welcoming atmosphere of this great community. This property offers endless possibilities for those looking to build their dream home in a location that offers the best of both worlds rural serenity and urban convenience. Don't miss out on this rare opportunity to own a piece of land that offers so much potential.
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Property Summary
This vacant land located at 0 Elgin Street, Cramahe is currently for sale and has been available on SousaSells for 772 days. This property is listed at $275,000 with an estimated mortgage of $915* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 0 Elgin Street, Cramahe is in the Rural Cramahe neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 0 Elgin Street N, Cramahe, ON K0K 1S0
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 Cramahe, ON
For a property listed at $275,000 in Cramahe, the legal minimum down payment is $13,750 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 $2,600 for this transaction. As this listing is in Cramahe (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,600.
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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.