12 Cherry Lane, East Ferris, ON

$674,900
MLS#:X13506740
2 beds
2 baths
1100-1500 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of East Ferris. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $674,900 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a spacious lot (Feet)
  • Features a partially finished, crawl space, walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Water Heater Owned, Water Treatment
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

Welcome to your lakeside retreat! Nestled on the serene shores of Lake Nosbonsing, this delightful 2-bedroom,1.5-bathroom bungalow offers the perfect blend of comfort and natural beauty. Situated on an expansive 1.45-acre lot with a Northwest exposure, this property promises breathtaking lake views. As you step inside, you'll be greeted by the warmth of hardwood floors that flow through the open-concept living and dining area. This inviting space is bathed in natural light, thanks to an abundance of windows and sliding patio doors that lead to a large deck, ideal for entertaining or simply soaking in the peaceful surroundings. The kitchen is a culinary dream, featuring stainless steel appliances and ample counter space, making meal preparation a joy. Whether you're hosting a dinner party or enjoying a quiet breakfast, you'll appreciate the functionality and style of this well-appointed kitchen. In the living room, a beautiful wood surround with an electric fireplace creates a cozy atmosphere, perfect for relaxing with a good book or gathering with loved ones on cooler evenings. The lower level offers a 2-piece bathroom and a workshop with a walkout to the lake. The property's real gem is its direct access to Lake Nosbonsing with a private dock that invites you to indulge in boating, fishing, or swimming at your leisure. Imagine the endless water activities and adventures that await! The property also offers an additional 3-4 parking spaces at the top of the driveway as well as3-4 parking spaces by the house. Tons of updates over the years and plenty of further potential awaits! This impressive bungalow is not just a home; it's a lifestyle! Whether you're seeking a year-round residence or a seasonal getaway, this property on Lake Nosbonsing offers the perfect escape. Don't miss the opportunity to make this lakeside dream your reality!

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date6/30/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionWood
BasementPartially Finished, Crawl Space, Walk-Out
CountyNipissing
Annual Tax$3,900.58
Legal Description**SEE DOCUMENTS**

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Lake/Pond, Waterfront, Sloping

Interior Features

Water Heater Owned, Water Treatment

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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12 Cherry Lane, East Ferris, 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 12 Cherry Lane, East Ferris, ON P0H 1K0

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.

Market Trend
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Mortgage & Affordability Audit

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

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Interest Rate5.25%
Down Payment$42,490 (6.3%)
* Minimum Canadian down payment required for this price is $42,490.
Amortization Period25 Years
Estimated Monthly Payment$3,769Based on a loan of $632,410 over 25 years.
Purchase Price$674,900
Loan Amount$632,410
Provincial Land Transfer Tax:$9,973
Total Estimated Closing Taxes:$9,973

About Purchasing a Home in East Ferris, ON

For a property listed at $674,900 in East Ferris, the legal minimum down payment is $42,490 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 $9,973 for this transaction. As this listing is in East Ferris (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,973.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for East Ferris, East Ferris.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$688,256

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.