2 Palmer Street, Norwich, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Norwich Town. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $649,000 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 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 49 x 132 ft lot
- Features a finished 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: Bar Fridge, Generator - Partial, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Meticulously maintained and built in 1995, this move-in-ready home showcases quality craftsmanship and pride of ownership throughout. The main floor features two spacious bedrooms, a full bathroom with cheater ensuite, and an inviting kitchen with solid wood cabinetry, hard-surface countertops, and beautiful wood trim. The fully finished basement offers two additional bedrooms and a large recreation room complete with a fireplace, wet bar, and pool table, making it perfect for entertaining. A heated garage with extra-high ceilings and an epoxy floor adds exceptional functionality, while the oversized deck, pergola, and firepit create the ideal outdoor living space.
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Key Features
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Parking & Garage
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Features
Property Features
Interior Features
Bar Fridge, Generator - Partial, Primary Bedroom - Main Floor, Water Heater Owned
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2 Palmer Street W, Norwich, ON N0J 1P0
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About Purchasing a Home in Norwich, ON
For a property listed at $649,000 in Norwich, the legal minimum down payment is $39,900 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 $9,455 for this transaction. As this listing is in Norwich (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,455.
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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.