141 Mill Street, Melancthon, ON
Property no longer active
This property was sold on February 12, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Rural Melancthon. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $275,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 86.54 x 203.98 ft lot size
- Notable attributes: None
Description
Vacant lot, in the village of Hornings Mills, address is Mill St, driveway is entering off of Main St. Just South of the Community Hall, by corner of Mill St (River Road) beside 137 Main St Melancthon. Historically had a house on it, no buildings now. Has flat lot with the driveway currently off of Main St. with a slope. Slopes down to the community hall property. Has a well, (not warrantying the well)
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Property Summary
This vacant land located at 141 Mill Street, Melancthon is currently for sale and has been available on SousaSells for 730 days. This property is listed at $275,000 with an estimated mortgage of $915* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 141 Mill Street, Melancthon is in the Rural Melancthon neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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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 141 Mill Street, Melancthon, ON L9V 1X5
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 Melancthon, ON
For a property listed at $275,000 in Melancthon, the legal minimum down payment is $13,750 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 $2,600 for this transaction. As this listing is in Melancthon (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,600.
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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.