660 Gleason Avenue, Black River-Matheson, ON

$55,000
MLS#:T12313592
2 beds
1 baths
< 700 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Matheson. Expertly crafted featuring premium stucco (plaster) and asbestos siding construction, this residence presents an exceptional opportunity offered at $55,000 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning < 700 sqft on a premium 42 x 100 ft lot
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: None
  • Efficient forced air heating via gas

Description

This property sits on a big lot with a large detached garage. Formally a general store, and Plenty of parking spaces! Newer gas forced air furnace and updated hydro panel.

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Property Summary

This detached home located at 660 Gleason Avenue, Black River-Matheson is currently for sale and has been available on SousaSells for 354 days. This property is listed at $55,000 with an estimated mortgage of $183* per month. It has 2 beds, 1 bathroom, and is < 700 square feet. 660 Gleason Avenue, Black River-Matheson is in the Matheson neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date7/28/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionStucco (Plaster), Asbestos Siding
BasementFull, Unfinished
Lot Size42 × 100 Feet
CountyCochrane
Annual Tax$1,218
Legal DescriptionPCL 24032 SEC SEC SRO; LT 363-365 PL M21C HISLOP; BLACK RIVER-MATHESON

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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660 Gleason Avenue, Black River-Matheson, 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 660 Gleason Avenue, Black River-Matheson, ON P0K 1C0

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 Black River-Matheson.

Configure Loan Settings

Interest Rate4.00%
Down Payment$16,500 (30.0%)
* Minimum Canadian down payment required for this price is $2,750.
Amortization Period30 Years
Estimated Monthly Payment$183Based on a loan of $38,500 over 30 years.
Purchase Price$55,000
Loan Amount$38,500
Provincial Land Transfer Tax:$275
Total Estimated Closing Taxes:$275

About Purchasing a Home in Black River-Matheson, ON

For a property listed at $55,000 in Black River-Matheson, the legal minimum down payment is $2,750 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 $275 for this transaction. As this listing is in Black River-Matheson (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $275.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Matheson, Black River-Matheson.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$298,235

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.