90 CANBORO Road, Pelham, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of 662 - Fonthill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $899,000 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.
- 5 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient gas forced air closed heating
Description
Victorian Charmer: Legal Triplex Investment Opportunity. Step into a bygone era with this stunning Victorian triplex. This architectural gem boasts classic elegance and modern convenience. Ideal for investors or those seeking multi-generational living, this property offers three distinct living spaces, each with its own unique charm. The main unit exudes Victorian grandeur with high ceilings, ornate moldings, and beautiful hardwood floors. The spacious layout includes 3 Bedrooms, 1 Full bathroom, formal living and dining rooms, a kitchen with a separate entrance from the garage port, and a spacious front porch living area. This unit has a second storey and basement access currently used as storage and a workout area. The second unit offers a comfortable and independent living space, perfect for tenants or extended family. It features 1 upstairs bedroom and full bathroom, a large main floor kitchen and dining area. A large main floor living room with an additional living room connected by interior French doors that includes a fireplace, and separate walkout, and finally a 2-piece main floor bathroom. This unit also has access to the basement for additional storage. The third unit is a 1 bedroom, 1 bathroom unit, that also boasts a den that could provide additional income potential as second bedroom, and a carport. Located in the heart of Fonthill, this property offers easy access to parks, schools, transportation, and shopping. Property is Subject to Severance
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About Purchasing a Home in Pelham, ON
For a property listed at $899,000 in Pelham, the legal minimum down payment is $64,900 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 $14,455 for this transaction. As this listing is in Pelham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $14,455.
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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.