8296 8th Line, Essa, ON

$1,999,000
MLS#:N9033331
4 beds
3 baths
1100-1500 sqft
11.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Essa. Expertly crafted featuring premium brick and other construction, this residence presents an exceptional opportunity offered at $1,999,000 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.

  • 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 271 x 1993.92 ft lot
  • Features a partially finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 11.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Central Vacuum, In-Law Capability
  • Efficient baseboard heating via electric

Description

If you are craving peace and tranquility or seeking an ideal spot for a hobby farm/horse farm, then look no further than this idyllic 75 acre country beauty. With Bear Creek running thru, cleared pasture, trails and a ranch style bungalow to call home, this property has everything you could need. This well maintained home offers a newer roof (2017) updated flooring through kitchen/dining/living rooms. Great main floor layout having an open kitchen/dining room which leads out onto a large deck and cleared back yard area. Great sized living room, mud room, 3 good sized bedrooms, family bathroom and powder room complete the main level.The over sized garage has inside entry to the mud room and separate entrance to the lower level, which offers the opportunity for an in law suite.The lower level has a large rec room with propane fireplace, bedroom, bathroom, kitchen and laundry.The home was enjoyed by the original owners and is an opportunity to create a lifestyle people dream of. Hwy access close by, south Barrie amenities and 10 mins to Angus.

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Property Summary

This detached home located at 8296 8th Line, Essa is currently for sale and has been available on SousaSells for 733 days. This property is listed at $1,999,000 with an estimated mortgage of $6,654* per month. It has 4 beds, 3 bathrooms, and is 1100-1500 square feet. 8296 8th Line, Essa is in the Rural Essa neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 14, 2024
Sold price information is available to members only
Listed Date7/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Other
BasementPartially Finished, Separate Entrance
Lot Size271 × 1993.92 Feet
CountySimcoe
Annual Tax$5,645
Legal DescriptionPT LT 28 CON 7 ESSA WTP AS IN RO130407 EXCEPT 51R17316 & 51R18222; ESSA

Parking & Garage

Parking Spaces11.0
Garage Spaces10
Garage TypeAttached

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

Golf, Greenbelt/Conservation, School Bus Route, Wooded/Treed

Interior Features

Auto Garage Door Remote, Central Vacuum, In-Law Capability, Primary Bedroom - Main Floor, Sump Pump, Water Heater Owned

Security Features

Smoke Detector, Carbon Monoxide Detectors

Community Features

Virtual Tours

Location

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8296 8th Line, Essa, 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 8296 8th Line, Essa, ON L0M 1T0

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.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$599,700 (30.0%)
* Minimum Canadian down payment required for this price is $399,800.
Amortization Period30 Years
Estimated Monthly Payment$6,654Based on a loan of $1,399,300 over 30 years.
Purchase Price$1,999,000
Loan Amount$1,399,300
Provincial Land Transfer Tax:$36,455
Total Estimated Closing Taxes:$36,455

About Purchasing a Home in Essa, ON

For a property listed at $1,999,000 in Essa, the legal minimum down payment is $399,800 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 $36,455 for this transaction. As this listing is in Essa (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $36,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Essa, Essa.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,489,098

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.