394 Lake Street, Lincoln, ON
Property no longer active
This property was sold on January 28, 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 981 - Lincoln Lake. Expertly crafted featuring premium brick and other construction, this residence presents an exceptional opportunity offered at $744,999 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 with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 60 x 175 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Sump Pump, Water Softener, Water Purifier
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to your dream home in wine country, just a stroll away from Lake Ontario. Experience the best of both worlds with this stunning bungalow that combines modern elegance with country charm. Located on a private laneway offers a peaceful retreat, backed by a picturesque orchard ensuring utmost privacy. Inside, discover an airy open concept living space. The gourmet kitchen is a chefs delight with sleek quartz countertops and stainless-steel appliances. Light grain engineered hardwood flooring adds warmth and elegance throughout the home. Large picture windows flood the interior with natural light, offering stunning views of the lush outdoor scenery. The spacious living area is ideal for cozy evenings, while the spa-like bathroom provides a serene escape with luxurious finishes. The fully finished basement includes a gym floor, kitchenette, and laundry area. The gas-heated insulated garage offers ample storage, 60-amp panel and an excellent year-round workspace. A whole house water filtration system guarantees pure water for added convenience and peace of mind. Step outside to unwind while overlooking the expansive 175 ft deep backyard with lush trees. This homes location blends rural charm with modern convenience. Close to QEW, schools, parks, and shopping. Proximity to renowned wineries means enjoying wine tastings and vineyard tours at your leisure. Whether youre entertaining or seeking a peaceful retreat, this home offers it all. Dont miss the opportunity to make this delightful property your own slice of paradise.
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Property Summary
This detached home located at 394 Lake Street, Lincoln is currently for sale and has been available on SousaSells for 640 days. This property is listed at $744,999 with an estimated mortgage of $2,480* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 394 Lake Street, Lincoln is in the 981 - Lincoln Lake neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Sump Pump, Water Softener, Water Purifier
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 394 Lake Street, Lincoln, ON L3M 4M5
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 Lincoln, ON
For a property listed at $744,999 in Lincoln, the legal minimum down payment is $49,500 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 $11,375 for this transaction. As this listing is in Lincoln (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,375.
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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.