262 Terrace Drive, Georgina, ON

$579,888
MLS#:N9053301
3 beds
1 baths
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 22, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Keswick South. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $579,888 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.

  • 3 Bedrooms and 1 Bathroom
  • Premium 43 x 133 ft lot size
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Wow! First Time Buyer's, Look no Further!! Bright & Sunlight Filled Starter Home on a large private 43 x 133 Lot. Open concept layout Features Large Living/Dining Room, Family size kitchen with Newer stainless steel appliances & a side door to the Yard. 2 good size bedrooms. Nice size Den at the entrance may be used as an office or small 3rd bedroom. Full size unfinished basement with approx 6' ceiling height provides additional space. Lots of upgrades and renovations include: New Roof Shingles(2024), Vinyl Flooring in Kitchen & Living(2024), New Fridge & Dishwasher(2024), Stove(2020), Wooden Deck(2024), Shed in Backyard(2018), Washroom Renovated(2016), Washing Machine(2016), Owned CAC(2018), Side Door(2018), New Fence On two sides(2020), Brand New Front Door(2024). Owned Heating Furnace & Owned Hot Water Tank. 100 amp breaker panel. The whole house painted inside out 2024. Huge private backyard and 4 car parking in semifinished driveway. No rental items in the house. Amazing location 5 minute walk to the lake Simcoe, close to schools, amenities & just 5 minutes to Hwy 404. This house is ready to move in ready. Do not miss this one!!

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Property Summary

This detached home located at 262 Terrace Drive, Georgina is currently for sale and has been available on SousaSells for 722 days. This property is listed at $579,888 with an estimated mortgage of $1,930* per month. It has 3 beds, 1 bathroom, and is unknown square feet. 262 Terrace Drive, Georgina is in the Keswick South neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 12, 2024
Sold price information is available to members only
Listed Date7/24/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding
BasementUnfinished
Lot Size43 × 133 Feet
CountyYork
Annual Tax$3,088.55
Legal DescriptionCon 3 Pt Lot 5 Plan 329 Pt Lts 177 &178

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Lake/Pond, Public Transit

Interior Features

Water Heater Owned

Security Features

Community Features

Location

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262 Terrace Drive, Georgina, 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 262 Terrace Drive, Georgina, ON L4P 2Y8

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 Georgina.

Configure Loan Settings

Interest Rate4.00%
Down Payment$173,966 (30.0%)
* Minimum Canadian down payment required for this price is $32,989.
Amortization Period30 Years
Estimated Monthly Payment$1,930Based on a loan of $405,922 over 30 years.
Purchase Price$579,888
Loan Amount$405,922
Provincial Land Transfer Tax:$8,073
Total Estimated Closing Taxes:$8,073

About Purchasing a Home in Georgina, ON

For a property listed at $579,888 in Georgina, the legal minimum down payment is $32,989 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 $8,073 for this transaction. As this listing is in Georgina (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,073.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Keswick South, Georgina.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$938,902

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.