97 King Street East Street, Cramahe, ON

$499,000
MLS#:X9257251
3 beds
1 baths
1100-1500 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Colborne. Expertly crafted featuring premium brick and vinyl 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 1 Bathroom
  • Generous living space spanning 1100-1500 sqft on a premium 131.58 x 436.26 ft lot
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: On Demand Water Heater, Sump Pump
  • equipped with other central cooling and highly efficient heat pump heating via gas

Description

Welcome to 97 King St. E., Colborne, a charming 3-bedroom bungalow that perfectly blends country living with in-town convenience. Nestled on a spacious 1.3-acre lot, this home offers an open-concept kitchen, living, and dining room, making it ideal for both family life and entertaining. The recently renovated bathroom features a luxurious soaker tub, perfect for unwinding after a long day. Step outside to a fenced yard with a walk-out, and stroll your own walking trail in the forest. With parking for up to 6 cars, this property is both practical and inviting. The home is heated primarily by a new heat pump, with a cozy gas fireplace as a reliable backup. New heat source, renovated bathroom, new eaves and downspouts. Located just minutes from the 401, you'll enjoy the peaceful feel of country living while being within walking distance of shops, schools, and all the amenities that the village of Colborne has to offer. This property is an excellent choice for first-time buyers or as a savvy investment opportunity. Don't miss your chance to make this delightful home yours! Seller is even including the 2022 John Deer Lawn Tractor and patio furniture. Change your life. Move here!

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Property Summary

This detached home located at 97 King Street East Street, Cramahe is currently for sale and has been available on SousaSells for 699 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 3 beds, 1 bathroom, and is 1100-1500 square feet. 97 King Street East Street, Cramahe is in the Colborne neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 18, 2024
Sold price information is available to members only
Listed Date8/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementCrawl Space
Lot Size131.58 × 436.26 Feet
CountyNorthumberland
Annual Tax$2,973
Legal DescriptionPT BLK F PL REID CRAMAHE PART 1 ON PLAN 39R10768 TOWNSHIP OF CRAMAHE

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingOther

Features

Property Features

Wooded/Treed, School, Rec./Commun.Centre, Place Of Worship, Library, Fenced Yard

Interior Features

On Demand Water Heater, Sump Pump

Security Features

Community Features

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Location

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97 King Street East Street, Cramahe, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 97 King Street East Street E, Cramahe, ON K0K 1S0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cramahe.

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Interest Rate4.00%
Down Payment$149,700 (30.0%)
* Minimum Canadian down payment required for this price is $24,950.
Amortization Period30 Years
Estimated Monthly Payment$1,661Based on a loan of $349,300 over 30 years.
Purchase Price$499,000
Loan Amount$349,300
Provincial Land Transfer Tax:$6,455
Total Estimated Closing Taxes:$6,455

About Purchasing a Home in Cramahe, ON

For a property listed at $499,000 in Cramahe, 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 Cramahe (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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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Colborne, Cramahe.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$643,224

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.