57 Ferris Lane, New Tecumseth, ON

$1,159,999
MLS#:N11942423
5 beds
3 baths
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Alliston. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,159,999 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.

  • 5 Bedrooms and 3 Bathrooms
  • Premium 38.09 x 164.27 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

First time offered for sale! Don't miss this rare opportunity to own one of only two corner homes on a spacious 0.25-acre lot with no rear neighbors. The backyard is a true entertainers paradise, featuring a custom-built stone patio, hot tub, built-in BBQ with griddle, and beautifully landscaped green space ideal for garden parties or family games. Inside, this expansive family home boasts over 3,000 sf of finished living space with numerous updates. The dining room, complete with custom wood ceiling beams, provides a perfect setting for gatherings, framed by a lovely bay window that's ideal for a Christmas tree or cozy reading nook. Freshly painted trim accents the entry and staircase, leading to a practical mudroom with built-in storage and direct garage access. The large eat-in kitchen offers abundant cabinetry and granite countertops, while the living room is designed for relaxation with built-in shelving, flush-mount speakers, and a projector setup for movie nights. Upstairs, discover four spacious bedrooms, including a primary suite with double French doors, a grand window with yard views, and a large ensuite bath. The second-floor laundry adds convenience to daily routines. The finished basement provides additional living space, a rough-in for a fourth bathroom, and the option for a fifth bedroom perfect for guests or family. This smart home is also equipped with Wi-Fi switches, a Ring doorbell, a smart garage door opener, and a Nest thermostat, providing modern convenience and enhanced security. This exceptional home truly has it all, with room to add your personal touch! **EXTRAS** Hot tub, cooking counter w/ built-in BBQ and griddler, covered patio, outdoor TV/sound system/lights, flush-mount speakers, projector and screen, garden shed, ethernet drop thru-out, smart home connectivity, irrigation system.

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Property Summary

This detached home located at 57 Ferris Lane, New Tecumseth is currently for sale and has been available on SousaSells for 535 days. This property is listed at $1,159,999 with an estimated mortgage of $3,861* per month. It has 5 beds, 3 bathrooms, and is unknown square feet. 57 Ferris Lane, New Tecumseth is in the Alliston neighborhood.

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

Key Features

Bedrooms
5
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 19, 2025
Sold price information is available to members only
Listed Date1/27/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size38.09 × 164.27 Feet
CountySimcoe
Annual Tax$5,000
Legal DescriptionLOT 79, PLAN 51M968 SUBJECT TO AN EASEMENT IN GROSS OVER PT LT 79 PL 51M968 PT 11, 51R37909 AS IN SC908513 SUBJECT TO AN EASEMENT FOR ENTRY UNTIL 2021/11/10 AS IN SC944466 TOWN OF NEW TECUMSETH

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Greenbelt/Conservation, Hospital, Library, Park, Ravine

Interior Features

Auto Garage Door Remote, Carpet Free, Central Vacuum, Rough-In Bath, Sump Pump, Water Heater Owned, Water Treatment

Security Features

Community Features

Virtual Tours

Location

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57 Ferris Lane, New Tecumseth, 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 57 Ferris Lane, New Tecumseth, ON L9R 0J3

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 New Tecumseth.

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Interest Rate4.00%
Down Payment$348,000 (30.0%)
* Minimum Canadian down payment required for this price is $232,000.
Amortization Period30 Years
Estimated Monthly Payment$3,861Based on a loan of $811,999 over 30 years.
Purchase Price$1,159,999
Loan Amount$811,999
Provincial Land Transfer Tax:$19,675
Total Estimated Closing Taxes:$19,675

About Purchasing a Home in New Tecumseth, ON

For a property listed at $1,159,999 in New Tecumseth, the legal minimum down payment is $232,000 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 $19,675 for this transaction. As this listing is in New Tecumseth (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $19,675.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Alliston, New Tecumseth.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$844,814

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.