81 East Bay Road, Limerick, ON
Property no longer active
This property was sold on April 17, 2025. 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 Limerick. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $329,900 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 0 Bathrooms
- Generous living space spanning < 700 sqft on a premium 153.83 x 103.23 ft lot
- 6.0 total parking spaces available
- Notable attributes: None
- Efficient other heating via wood
Description
Steenburg Lake near Bancroft....This 2 bedroom cottage has road access and over 150 feet of shoreline and north east exposure. The footprint is here if you want to rebuild or renovate the 100 year old cabin. The dry boathouse is right on the shoreline and would.be perfect for additional living space....The walls and roof are solid pine.....the floor needs work. Put a pair of french doors on this structure and enjoy the quiet space you have created. A high windstorm went through the property a year ago and did damage to the floors and to some of the deck. You could possibly have the cottage jacked up. It is in need of repair. The shingles on the roof should be replaced. The walls and the ceilings in the cottage are solid pine. The floors need work. The cabin features a galley kitchen and an open concept living room and dining room as well as a sun porch overlooking the lake. This cottage has been owned by the same family for over 30 years...Years and years of memories with just the minimum of facilities. This is your chance to get into the cottage market for under $330k....on a great lake with road access....
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Property Summary
This detached home located at 81 East Bay Road, Limerick is currently for sale and has been available on SousaSells for 648 days. This property is listed at $329,900 with an estimated mortgage of $1,098* per month. It has 2 beds, 0 bathrooms, and is < 700 square feet. 81 East Bay Road, Limerick is in the Limerick neighborhood.
* 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 81 East Bay Road, Limerick, ON K0L 1W0
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 Limerick, ON
For a property listed at $329,900 in Limerick, the legal minimum down payment is $16,495 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 $3,424 for this transaction. As this listing is in Limerick (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,424.
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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.