3613 518 Highway, McMurrich/Monteith, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Sprucedale. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $349,900 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 66 x 267 ft lot
- Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Sump Pump
- Efficient forced air heating via propane
Description
This home offers a great opportunity for buyers who want a solid, livable space with room to finish and add your personal touch. The main house features two bedrooms and two bathrooms, including a partially finished main bathroom that has been thoughtfully planned with a separate shower, standalone bathtub, and double vanity. The open-concept kitchen, dining, and living area creates an inviting main living space, and a brand new microwave and dishwasher are included for the new owners to install when ready. The spacious 900 sq. ft. addition has been started, providing an excellent foundation for expanded living space that can be completed to suit your needs and style. The sellers have already completed several key updates, including a new front deck, fresh shingles on both the existing home and the addition, a new septic system installed in 2023 to support the expansion, and a propane furnace added in 2019. The basement is unfinished, offering additional flexibility for future use. Whether you're an investor, contractor, or a homeowner looking for a project, this property delivers the space, the upgrades, and the head start to create something truly spectacular!
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Pricing & Value Insights
Data-driven valuation for 3613 518 Highway W, McMurrich/Monteith, ON P0A 1Y0
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About Purchasing a Home in McMurrich/Monteith, ON
For a property listed at $349,900 in McMurrich/Monteith, the legal minimum down payment is $17,495 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 $3,724 for this transaction. As this listing is in McMurrich/Monteith (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,724.
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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.