25 Erven Drive, Machar, ON

$449,900
MLS#:X9037700
2 beds
2 baths
8.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Machar. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $449,900 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 2 Bathrooms
  • Premium 393.2 x 254.13 ft lot size
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater
  • Efficient forced air heating via oil

Description

Gorgeous well well-managed solid brick bungalow on a 2.8-acre offers with attached car garage plus a 16'x34' detached steel-sided barn, located in a quiet country setting just minutes away from South facing public beach on desirable EagleLake! The property offers great cleared lawn space with gentle topography, perfect for kids and pets to run and play. This recently refreshed bungalow boasts 2 bedrooms and 2 bathrooms on the main floor, a bright and spacious living room, a country kitchen with open layout to the dining room, as well as a convenient mudroom space for ease in winter months. Unfinished basement with comfortable ceiling height offers laundry area, storage closet with shelving for your preserves, future rec room area and bonus room too! Excellent updates to the home include replacing shingles 4 years ago, hot water heater and pressure tank 3 years ago, as well as a fresh coat of paint, flooring, and trim too.

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Property Summary

This detached home located at 25 Erven Drive, Machar is currently for sale and has been available on SousaSells for 731 days. This property is listed at $449,900 with an estimated mortgage of $1,498* per month. It has 2 beds, 2 bathrooms, and is unknown square feet. 25 Erven Drive, Machar is in the Machar neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 2, 2024
Sold price information is available to members only
Listed Date7/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFull, Unfinished
Lot Size393.2 × 254.13 Feet
CountyParry Sound
Annual Tax$1,450
Legal DescriptionPCL 9285 SEC NS; PT LT 24 CON 4 MACHAR PT 1, PSR805 & PT 1, 42R6437; SAVE & EXCEPT PT 1, 42R15504; MACHAR

Parking & Garage

Parking Spaces8.0
Garage Spaces7
Garage TypeAttached

Heating & Cooling

Heat SourceOil
Heat TypeForced Air
CoolingNone

Features

Property Features

Interior Features

Water Heater

Security Features

Community Features

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Location

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25 Erven Drive, Machar, 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 25 Erven Drive, Machar, ON P0A 1X0

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 Machar.

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Interest Rate4.00%
Down Payment$134,970 (30.0%)
* Minimum Canadian down payment required for this price is $22,495.
Amortization Period30 Years
Estimated Monthly Payment$1,498Based on a loan of $314,930 over 30 years.
Purchase Price$449,900
Loan Amount$314,930
Provincial Land Transfer Tax:$5,473
Total Estimated Closing Taxes:$5,473

About Purchasing a Home in Machar, ON

For a property listed at $449,900 in Machar, the legal minimum down payment is $22,495 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 $5,473 for this transaction. As this listing is in Machar (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,473.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$661,765

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.