0 SOUTH SPARKS Street, Magnetawan, ON

$49,999
MLS#:X10437631
0 beds
0 baths
Residential Freehold
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Property Highlights

Welcome to this remarkable Unknown vacant land located in the coveted neighborhood of Magnetawan. Expertly crafted featuring premium unknown construction, this residence presents an exceptional opportunity offered at $49,999 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.

  • 0 Bedrooms and 0 Bathrooms
  • Thoughtfully designed floor plan offering excellent spatial utility and privacy
  • Features a unknown basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available with a convenient unknown configuration
  • Notable attributes: Unknown
  • equipped with unknown central cooling and highly efficient unknown heating via unknown

Description

Located in the heart of Magnetawan and across the street from the public school, you'll find this existing village lot where once stood a family home. A short walk to Algonquin Fine Foods for fruit, veggies and more. Within walking distance to post office, hardware store, LCBO, restaurant, the Aurora pizza place and historic site of Magnetawan Locks!. Magnetawan is a vibrant busy little community no matter the season. Buyer to do own due diligence, with the town, as to type and size of dwelling they wish to build.

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Property Summary

This vacant land located at 0 SOUTH SPARKS Street, Magnetawan is currently for sale and has been available on SousaSells for 768 days. This property is listed at $49,999 with an estimated mortgage of $166* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 0 SOUTH SPARKS Street, Magnetawan is in the Magnetawan neighborhood.

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

Key Features

0
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date6/9/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Architectural StyleUnknown
ConstructionUnknown
BasementUnknown
CountyParry Sound
Annual Tax$288
Legal DescriptionPT LT 21 E/S SOUTH SPARKS ST PL319 AS IN R087826; MAGNETAWAN

Parking & Garage

Parking Spaces0.0
Garage TypeUnknown

Heating & Cooling

Heat SourceUnknown
Heat TypeUnknown
CoolingUnknown

Features

Property Features

Interior Features

Unknown

Security Features

Community Features

Location

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0 SOUTH SPARKS Street, Magnetawan, 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 0 SOUTH SPARKS Street, Magnetawan, ON P0A 1P0

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.

Market Trend
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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$15,000 (30.0%)
* Minimum Canadian down payment required for this price is $2,500.
Amortization Period30 Years
Estimated Monthly Payment$166Based on a loan of $34,999 over 30 years.
Purchase Price$49,999
Loan Amount$34,999
Provincial Land Transfer Tax:$250
Total Estimated Closing Taxes:$250

About Purchasing a Home in Magnetawan, ON

For a property listed at $49,999 in Magnetawan, the legal minimum down payment is $2,500 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 $250 for this transaction. As this listing is in Magnetawan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $250.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$721,310

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

Magnetawan Central PS
Public
4.2

Secondary Schools

No secondary schools data loaded.

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.