627 Lakelands Avenue, Innisfil, ON

$1,549,000
MLS#:N8438204
3 beds
2 baths
2000-2500 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on June 25, 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 Alcona. Expertly crafted featuring premium vinyl siding and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,549,000 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.

  • 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 50 x 157.57 ft lot
  • Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Accessory Apartment, Auto Garage Door Remote, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

** DEAL OF THE YEAR** Don't miss this opportunity to own a gorgeous 50 ft waterfront property on Lake Simcoe. Completely refurbished with custom modern design to satisfy the pickiest buyer. The property features kitchen galore , open concept with breathtaking views , spa like bathrooms, sauna, large windows, wide plank hardwood throughout, high end hardware, faucets, fixtures, ceiling speakers & more. Self-contained studio in the basement with separate entrance & shared laundry room. A bonus large boathouse for your watercraft, break wall, movable dock, and private concrete dock/beach. Walking distance to famous Innisfil beach park, luxurious lake living right in the city, take your boat from your backyard to the iconic Friday Harbor or just a quick drive. Minutes to all amenities, prime location!

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Property Summary

This detached home located at 627 Lakelands Avenue, Innisfil is currently for sale and has been available on SousaSells for 765 days. This property is listed at $1,549,000 with an estimated mortgage of $5,156* per month. It has 3 beds, 2 bathrooms, and is 2000-2500 square feet. 627 Lakelands Avenue, Innisfil is in the Alcona neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 25, 2024
Sold price information is available to members only
Listed Date6/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding, Stucco (Plaster)
BasementApartment, Separate Entrance
Lot Size50 × 157.57 Feet
CountySimcoe
Annual Tax$7,133.78
Legal DescriptionLt 2 E/S Lakelands Av Pl 668 Innisfil ; Innisfil

Parking & Garage

Parking Total4.0
Parking Space3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Waterfront, Park, Clear View, Beach, Lake Access

Interior Features

Accessory Apartment, Auto Garage Door Remote, Carpet Free, In-Law Suite, Primary Bedroom - Main Floor, Sauna, Storage

Security Features

Community Features

Location

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627 Lakelands Avenue, Innisfil, 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 627 Lakelands Avenue, Innisfil, ON L9S 4E5

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 Innisfil.

Configure Loan Settings

Interest Rate4.00%
Down Payment$464,700 (30.0%)
* Minimum Canadian down payment required for this price is $309,800.
Amortization Period30 Years
Estimated Monthly Payment$5,156Based on a loan of $1,084,300 over 30 years.
Purchase Price$1,549,000
Loan Amount$1,084,300
Provincial Land Transfer Tax:$27,455
Total Estimated Closing Taxes:$27,455

About Purchasing a Home in Innisfil, ON

For a property listed at $1,549,000 in Innisfil, the legal minimum down payment is $309,800 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 $27,455 for this transaction. As this listing is in Innisfil (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $27,455.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$979,545

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

St Francis of Assisi
Public1067 Anna Maria Avenue, Innisfil, Ontario, L9S 1W2
5.9
Alcona Glen
Public1310 Innisfil Beach Road, Innisfil, Ontario, L9S 4B7
4.9
Holy Cross
Public910 Leslie Drive, Innisfil, Ontario, L9S 1A7
4.7
Lake Simcoe
Public1701 Webster Boulevard, Innisfil, Ontario, L9S 2A6
4.2
Goodfellow
Public827 9th Line, Innisfil, Ontario, L9S 1A6
5.1

Secondary Schools

Nantyr Shores
Public1146 Anna Maria Avenue, Innisfil, Ontario, L9S 4X5
4.9

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.