218 Elora Street, Minto, ON

$589,000
MLS#:X10875150
4 beds
3 baths
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on January 22, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungaloft semi-detached located in the coveted neighborhood of Minto. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $589,000 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.

  • 4 Bedrooms and 3 Bathrooms
  • Premium 32.95 x 131.63 ft lot size
  • Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This exquisite 3-year-old modern bungalow is thoughtfully designed for todays lifestyle, featuring an inviting layout bathed in natural light from generous windows. The spacious bedrooms provide comfort, while the chef-inspired kitchen is perfect for hosting unforgettable gatherings. Step onto your covered deck off the living room and savor the seamless blend of indoor and outdoor living. The fully finished, soundproof basement with a walk-out entrance doubles your living area, offering endless possibilities, complete with a kitchen rough-in. Conveniently located near parks, schools, shopping, and dining, this home truly has it all. Luxurious details include quartz countertops, Frigidaire Gallery appliances, smart bedroom switches, stylish pocket and barn doors, and premium laminate flooring. Custom closet organizers add functionality, and the Tarion New Home Warranty ensures peace of mind. Don't miss your chance to own this exceptional property!

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Property Summary

This detached home located at 218 Elora Street, Minto is currently for sale and has been available on SousaSells for 599 days. This property is listed at $589,000 with an estimated mortgage of $1,961* per month. It has 4 beds, 3 bathrooms, and is unknown square feet. 218 Elora Street, Minto is in the Minto neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 22, 2025
Sold price information is available to members only
Listed Date11/25/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural StyleBungaloft
ConstructionBrick, Vinyl Siding
BasementFinished with Walk-Out
Lot Size32.95 × 131.63 Feet
CountyWellington
Annual Tax$3,006.15
Legal DescriptionPART LOT 88 CONCESSION D MINTO, PART 2 PLAN 61R21713 TOWN OF MINTO

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater

Security Features

Community Features

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Location

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218 Elora Street, Minto, 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 218 Elora Street, Minto, ON N0G 1Z0

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 Minto.

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Interest Rate4.00%
Down Payment$176,700 (30.0%)
* Minimum Canadian down payment required for this price is $33,900.
Amortization Period30 Years
Estimated Monthly Payment$1,961Based on a loan of $412,300 over 30 years.
Purchase Price$589,000
Loan Amount$412,300
Provincial Land Transfer Tax:$8,255
Total Estimated Closing Taxes:$8,255

About Purchasing a Home in Minto, ON

For a property listed at $589,000 in Minto, the legal minimum down payment is $33,900 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 $8,255 for this transaction. As this listing is in Minto (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,255.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$713,537

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.