778 The Ridge Road, Wollaston, ON

$175,000
MLS#:X9373337
2 beds
1 baths
700-1100 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Wollaston. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $175,000 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 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 479.47 x 1502 ft lot
  • 6.0 total parking spaces available
  • Notable attributes: Primary Bedroom - Main Floor
  • equipped with window unit(s) central cooling and highly efficient other heating via other

Description

Great getaway property on 7.7 acres. The long driveway in provides privacy & leads to the large trailer which awaits your finishing touch. Property is under renovation and features newer windows & doors with one being a sliding door walkout to your future deck. The interior is divided for a future kitchen/living room combination, 2 bedrooms and a bathroom. Trailer is insulated & wired. Close to ATV & Skidoo trails as well as numerous lakes for year round enjoyment!

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Property Summary

This detached home located at 778 The Ridge Road, Wollaston is currently for sale and has been available on SousaSells for 650 days. This property is listed at $175,000 with an estimated mortgage of $583* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 778 The Ridge Road, Wollaston is in the Wollaston neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date9/30/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionOther
BasementNone
Lot Size479.47 × 1502 Feet
CountyHastings
Annual Tax$767
Legal DescriptionCon5, Pt. Lot 15, Wollaston as in QR207856

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceOther
Heat TypeOther
CoolingWindow Unit(s)

Features

Property Features

Library, School Bus Route, Wooded/Treed

Interior Features

Primary Bedroom - Main Floor

Security Features

Community Features

Location

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778 The Ridge Road, Wollaston, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 778 The Ridge Road, Wollaston, ON K0L 1P0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Wollaston.

Configure Loan Settings

Interest Rate4.00%
Down Payment$52,500 (30.0%)
* Minimum Canadian down payment required for this price is $8,750.
Amortization Period30 Years
Estimated Monthly Payment$583Based on a loan of $122,500 over 30 years.
Purchase Price$175,000
Loan Amount$122,500
Provincial Land Transfer Tax:$1,475
Total Estimated Closing Taxes:$1,475

About Purchasing a Home in Wollaston, ON

For a property listed at $175,000 in Wollaston, the legal minimum down payment is $8,750 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 $1,475 for this transaction. As this listing is in Wollaston (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,475.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Wollaston, Wollaston.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$635,698

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.