40 Luther Road, East Luther Grand Valley, ON
Property no longer active
This property was sold on February 7, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Grand Valley. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $599,900 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.
- 7 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 60 x 125 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater Owned
- equipped with other central cooling and highly efficient forced air heating via gas
Description
Expansive 3439 sq ft canvas to create your dream home. Incredible investment opportunity with potential for 3 units, or the perfect home for a multi-generational family. Large lot backing onto agricultural land, on a quiet dead end street. New flooring ready to be installed throughout 2nd floor. 2 new furnaces in 2023.
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Property Summary
This detached home located at 40 Luther Road, East Luther Grand Valley is currently for sale and has been available on SousaSells for 558 days. This property is listed at $599,900 with an estimated mortgage of $1,997* per month. It has 7 beds, 4 bathrooms, and is 3000-3500 square feet. 40 Luther Road, East Luther Grand Valley is in the Grand Valley neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Luther Road, East Luther Grand Valley, ON L9W 5R1
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 Luther Grand Valley, ON
For a property listed at $599,900 in East Luther Grand Valley, the legal minimum down payment is $34,990 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 $8,473 for this transaction. As this listing is in East Luther Grand Valley (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,473.
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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.