384 GEMMELL Road, Merrickville-Wolford, ON

$369,900
MLS#:X9522330
1 beds
1 baths
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 805 - Merrickville/Wolford Twp. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $369,900 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.

  • 1 Bedroom and 1 Bathroom
  • Premium 62 x 154 ft lot size
  • Features a none, none basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available with a convenient other configuration
  • equipped with other central cooling and highly efficient heat pump heating via electric

Description

Your Oasis on the Rideau River Awaits! Discover this charming 4-season home or cottage nestled along the picturesque Rideau River, just minutes from Merrickville. Situated on a deceptively spacious country lot that extends beyond the rear hedge, this property offers the perfect blend of tranquility and modern comfort. Renovated in 2020, this gem boasts tasteful updates, including a gorgeous kitchen that flows seamlessly into the open-concept living and dining area, complete with a cozy fireplace and abundant natural light. The main floor features a bedroom and a stylish 3-piece bath with laundry. An inviting loft, accessed via a ladder, offers additional sleeping space or storage. Outside, enjoy a deck for morning coffee, two storage sheds, one that can double as a bunkie, and plenty of space to relax by the water. Whether you're looking for a year-round home or a weekend retreat, this property promises peace and beauty. Sellers' Schedule B must accompany all offers., Flooring: Mixed

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Property Summary

This detached home located at 384 GEMMELL Road, Merrickville-Wolford is currently for sale and has been available on SousaSells for 638 days. This property is listed at $369,900 with an estimated mortgage of $1,231* per month. It has 1 bed, 1 bathroom, and is unknown square feet. 384 GEMMELL Road, Merrickville-Wolford is in the 805 - Merrickville/Wolford Twp neighborhood.

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

Key Features

Bedrooms
1
Bathrooms
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 15, 2024
Sold price information is available to members only
Listed Date10/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionOther
BasementNone, None
Lot Size62 × 154
CountyLeeds and Grenville
Annual Tax$3,210
Legal DescriptionPART LOT 23 CON A WOLFORD PARTS 1 & 2 15R11992; PT LT 23 CON A WOLFORD BEING PART 1 15R10158 VILLAGE OF MERRICKVILLE-WOLFORD

Parking & Garage

Parking Spaces0.0
Garage TypeOther

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
CoolingOther

Features

Property Features

Waterfront

Interior Features

Security Features

Community Features

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Location

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384 GEMMELL Road, Merrickville-Wolford, 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 384 GEMMELL Road, Merrickville-Wolford, ON K0G 1G0

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 Merrickville-Wolford.

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Interest Rate4.00%
Down Payment$110,970 (30.0%)
* Minimum Canadian down payment required for this price is $18,495.
Amortization Period30 Years
Estimated Monthly Payment$1,231Based on a loan of $258,930 over 30 years.
Purchase Price$369,900
Loan Amount$258,930
Provincial Land Transfer Tax:$4,024
Total Estimated Closing Taxes:$4,024

About Purchasing a Home in Merrickville-Wolford, ON

For a property listed at $369,900 in Merrickville-Wolford, the legal minimum down payment is $18,495 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 $4,024 for this transaction. As this listing is in Merrickville-Wolford (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,024.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 805 - Merrickville/Wolford Twp, Merrickville-Wolford.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$574,151

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.