1 Summit Circle, East Gwillimbury, ON

$974,900
MLS#:N9125779
4 beds
2 baths
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 2, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Holland Landing. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $974,900 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.

  • 4 Bedrooms and 2 Bathrooms
  • Premium 74.36 x 106.6 ft lot size
  • Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

Three things matter when buying a home 1. Location 2. Location and 3. location. The perfect opportunity awaits you to make this home your own in one of the best family neighbourhoods in EG. This charming raised bungalow on a court location offers a serene retreat amidst the hustle and bustle of city life all within minutes of the EG Go Train and Newmarket. Tucked away in a peaceful court location, this home exudes a sense of tranquillity that's sure to captivate every member of your family. Step inside to discover a thoughtfully designed layout that emphasizes functionality and comfort. The main level features distinct living spaces, each defined by its unique charm and character. From cozy family gatherings in the living room to memorable meals shared in the traditional dining area, this home provides the perfect backdrop for creating lasting memories with loved ones. Venture downstairs to explore the fully finished walk-out basement, a true extension of the home's inviting atmosphere. You'll find a large family room, and a spacious fourth bedroom accompanied by a convenient bathroom, offering privacy and comfort for guests or growing teenagers seeking their own retreat. The true highlight of this property lies outdoors. Step into the expansive south-facing backyard, where mature trees and lush landscaping create a private outdoor oasis. For nature lovers and active families, the location is unbeatable. Minutes away from the Nokiidaa Trail that links East Gwillimbury, Newmarket and Aurora following the East Holland River. The trail passes through parks, green spaces, wetlands, and historical and cultural sites, and it has links to numerous other town trails. Less than a 5-minute drive to the EG Go Train located at Greenlane and Main Street and all the amenities that Newmarket has to offer. With its classic charm and unbeatable location, this home offers the perfect blend of comfort and convenience. Its time to make your move to the lifestyle dreams are made of.

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Property Summary

This detached home located at 1 Summit Circle, East Gwillimbury is currently for sale and has been available on SousaSells for 722 days. This property is listed at $974,900 with an estimated mortgage of $3,245* per month. It has 4 beds, 2 bathrooms, and is unknown square feet. 1 Summit Circle, East Gwillimbury is in the Holland Landing neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 2, 2024
Sold price information is available to members only
Listed Date7/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionWood
BasementFinished with Walk-Out
Lot Size74.36 × 106.6 Feet
CountyYork
Annual Tax$4,631.74
Legal DescriptionPCL 85-1 SEC M1; LT 85 PL M1 ; EAST GWILLIMBURY

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

School, Park, River/Stream, Greenbelt/Conservation

Interior Features

None

Security Features

Community Features

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Location

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1 Summit Circle, East Gwillimbury, 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 1 Summit Circle, East Gwillimbury, ON L9N 1C1

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 Gwillimbury.

Configure Loan Settings

Interest Rate4.00%
Down Payment$292,470 (30.0%)
* Minimum Canadian down payment required for this price is $72,490.
Amortization Period30 Years
Estimated Monthly Payment$3,245Based on a loan of $682,430 over 30 years.
Purchase Price$974,900
Loan Amount$682,430
Provincial Land Transfer Tax:$15,973
Total Estimated Closing Taxes:$15,973

About Purchasing a Home in East Gwillimbury, ON

For a property listed at $974,900 in East Gwillimbury, the legal minimum down payment is $72,490 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 $15,973 for this transaction. As this listing is in East Gwillimbury (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $15,973.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,316,433

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.