55 Cedar Bay Road, East Ferris, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of East Ferris. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $799,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 145 x 375 ft lot
- Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 12.0 total parking spaces available
- Notable attributes: Water Treatment
- equipped with central air central cooling and highly efficient heat pump heating via propane
Description
Looking for your retirement home or weekend getaway? This is the home you have been waiting for. All the heavy lifting has been completed in this home. It has been fully renovated, as well as, a new septic bed -2022, new shingles - 2022, French drains on the grounds - 2022 and a new heat pump - 2024. The home is neat, tidy, move in ready, with over an acre of land and all the privacy you are looking for. Beautiful views of the water from the kitchen, upstairs living/dining room, wrap around deck, lower lever bedroom and walk out from the family room. Its a great lot that is leveled down at the lake where you can entertain your family and friends. This year round home, on a year round road, has 2 bedrooms up, 1 bedroom down and 2 Bathrooms (1x4pc & 1 x3pc). Only 20 min to town (North Bay) or 5 min to a grocery store / gas bar. What an opportunity to buy on the lake, move in and enjoy the entire summer.
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Property Summary
This detached home located at 55 Cedar Bay Road, East Ferris is currently for sale and has been available on SousaSells for 443 days. This property is listed at $799,900 with an estimated mortgage of $2,663* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 55 Cedar Bay Road, East Ferris is in the East Ferris neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 55 Cedar Bay Road, East Ferris, ON P0H 1B0
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 East Ferris, ON
For a property listed at $799,900 in East Ferris, the legal minimum down payment is $54,990 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 $12,473 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 $12,473.
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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.