1023 Maple Leaf Street, Wellesley, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Wellesley. Expertly crafted featuring premium concrete block and vinyl siding construction, this residence presents an exceptional opportunity offered at $585,000 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 55.96 x 49 ft lot
- 6.0 total parking spaces available
- Notable attributes: Water Softener
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 1023 Maple Leaf Street a one-of-a-kind barn-style duplex nestled in the heart of Wellesley. This urban/commercial-zoned property is a rare offering that blends income generation, lifestyle flexibility, and long-term potential. Inside, you'll find two self-contained, well-maintained units: A spacious 1-bedroom main floor unit with inviting natural light, a charming kitchen, and a large open-concept layout. A 2-bedroom upper unit with sloped ceilings, skylights, and warm character ideal for tenants who love something a little different. With 1,740 total sqft, common amenities like coin laundry, storage lockers, and ample on-site parking, this duplex is fully equipped for tenant convenience. Plus, the property holds a rich history of prior commercial uses including a hair salon and butcher shop, and thanks to urban commercial zoning, the possibilities for future use remain wide open. Just steps from the village core, parks, shops, and dining, this is more than an investment, it's a lifestyle opportunity for first-time buyers, multi-generational families, or seasoned investors. ****Main floor unit will be vacant as of Nov 1**
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Property Summary
This detached home located at 1023 Maple Leaf Street, Wellesley is currently for sale and has been available on SousaSells for 375 days. This property is listed at $585,000 with an estimated mortgage of $1,947* per month. It has 2 beds, 2 bathrooms, and is 1500-2000 square feet. 1023 Maple Leaf Street, Wellesley
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1023 Maple Leaf Street, Wellesley, ON N0B 2T0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Wellesley, ON
For a property listed at $585,000 in Wellesley, the legal minimum down payment is $33,500 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 $8,175 for this transaction. As this listing is in Wellesley (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,175.
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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.