5495 Bank Street, Leitrim, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 2501 - Leitrim. Expertly crafted featuring premium brick front and aluminum siding construction, this residence presents an exceptional opportunity offered at $2,950 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.
- 6 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 100 x 173 ft lot
- Features a finished, finished with walk-out 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: Auto Garage Door Remote
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Strategically located at the crossroad Bank St and Mitch Owen Road. Spacious and well-maintained bungalow with in-laws suite in the walk-out basement, without rear neighbor, i.e., backing onto green space (forest).The M/F featured w/a large living room w/FP, kitchen, dinning room, and 4 large bdrms + full bath. Separate entrance to a lower-level office perfect to run your home business or an in-laws/nanny suite. The lower level has one sizeable recreation room w/wet bar, one sizeable living room with stove, and plus a 3-pc bath. These two rooms could be used as two extra bedrooms. The lower level can be accessed from the ground level either from the door next to the garage or from the back-entrance. Flooring: No carpet, hardwood or vinyl flooring & ceramic. Brand-new furnace, newer Fridge and Dishwasher, washer and dryer. Please check the permitted uses of this property for other possible usages: bed and breakfast, group home, home-based business, etc. Short driving distance to the Hard Rock Hotel & Casino, popular golf courses (incl. Emerald Links, Falcon Ridge and Meadows) , and many more. Great location with great exposure for your home-based business. Double car garage and 4 more parking spaces on the driveway. Vacant, easy to show. @$3,100 + utilities. Rental application, income confirmation, credit bureau reports, ID, prevous landlord reference. Minimum 12 months lease.
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Pricing & Value Insights
Data-driven valuation for 5495 Bank Street, Leitrim, ON K1X 1G9
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About Purchasing a Home in Leitrim, ON
For a property listed at $2,950 in Leitrim, the legal minimum down payment is $148 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 for this transaction. As this listing is in Leitrim (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $15.
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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.