1049 GRACE RIVER Road, Highlands East, ON

$264,900
MLS#:X10895214
2 beds
1 baths
< 700 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 13, 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 Monmouth. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $264,900 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 sqft on a spacious lot (Acres)
  • 3.0 total parking spaces available
  • Notable attributes: Other
  • Efficient baseboard heating via wood

Description

Check out this delightful 2 bed/1 bath, 3 season cottage with a lovely open concept KT/LR/DR! The interior is nicely finished with a cozy living space & is heated with a woodstove & some EBB! The walk-out from the living room offers breezes & light and leads to the spacious front deck that is perfect for enjoying your surroundings! It is cute as a button & would make a nice little get-a-way from the city. Services include a septic system & drilled well! Want more? The public boat launch is just down the road giving you access to both Grace & Dark Lakes! This property is on a municipal year-round road & is very close to Wilberforce for amenities (Foodland, LCBO, Arena & more)! So, if you are looking for a country escape & love exploring the outdoors, this cottage may be for you! Plus, there are loads of recreational activities to enjoy around the County! This will not last so, act now!

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Property Summary

This detached home located at 1049 GRACE RIVER Road, Highlands East is currently for sale and has been available on SousaSells for 723 days. This property is listed at $264,900 with an estimated mortgage of $882* per month. It has 2 beds, 1 bathroom, and is < 700 square feet. 1049 GRACE RIVER Road, Highlands East is in the Monmouth 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 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/25/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementNone
CountyHaliburton
Annual Tax$908.17
Legal DescriptionPt. L. 35, Conc. 17 Monmouth Twp,

Parking & Garage

Parking Total3.0
Parking Space3
Garage TypeNone

Heating & Cooling

Heat SourceWood
Heat TypeBaseboard
CoolingNone

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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1049 GRACE RIVER Road, Highlands East, 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 1049 GRACE RIVER Road, Highlands East, ON K0L 3C0

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.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$79,470 (30.0%)
* Minimum Canadian down payment required for this price is $13,245.
Amortization Period30 Years
Estimated Monthly Payment$882Based on a loan of $185,430 over 30 years.
Purchase Price$264,900
Loan Amount$185,430
Provincial Land Transfer Tax:$2,449
Total Estimated Closing Taxes:$2,449

About Purchasing a Home in Highlands East, ON

For a property listed at $264,900 in Highlands East, the legal minimum down payment is $13,245 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 $2,449 for this transaction. As this listing is in Highlands East (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,449.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Monmouth, Highlands East.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$509,125

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.