4687 Herald Road, East Gwillimbury, ON
Property Highlights
Welcome to this remarkable Bungalow farm located in the coveted neighborhood of Rural East Gwillimbury. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,499,000 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 1327 x 1665 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 30.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient heating via propane
Description
Secluded 43 acre Potential INCOME PRODUCING horse farm surrounded by rolling hills, private forest trails and only 15 minutes to downtown Newmarket. 10 of the 46 acres is an equestrian centre which includes two barns, indoor arena, large outdoor sand ring, large heated tack/viewing room with bathroom, 10 excellent sized paddocks with oak fencing, run-in sheds, drive shed & year-round watering systems. The first 10300sqft barn features 12 large and fully matted stalls and a 61' x 118' indoor arena. The second barn is 1400sqft and has water and hydro. 1 bedroom house that has had many recent updates including decking, siding, furnace & air conditioning. 1 bedroom house currently serving as a office/living area Ideal property to build an estate home. Current owner has site plan and architectural drawings ready to submit to the town for approval. Also second driveway has been added to secluded dream home site! This property is a must see.
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Pricing & Value Insights
Data-driven valuation for 4687 Herald Road, East Gwillimbury, ON L0G 1M0
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About Purchasing a Home in East Gwillimbury, ON
For a property listed at $2,499,000 in East Gwillimbury, the legal minimum down payment is $499,800 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 $48,950 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 $48,950.
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