70 Wallace Street, New Tecumseth, ON

$849,900
MLS#:N8454028
3 beds
3 baths
1500-2000 sqft
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on July 26, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Alliston. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $849,900 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.

  • 3 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 36.11 x 128.03 ft lot
  • Features a finished, separate entrance 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: Auto Garage Door Remote, Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this warm and inviting home that is well maintained and finished top to bottom! Situated in a family friendly neighbourhood in Alliston, this home is within walking distance to schools, parks and downtown. As soon as you enter the home, you are enveloped with a warm and inviting feeling and can truly feel the love! The foyer offers ample room for your jackets and shoes, and enters nicely into the open concept kitchen and dining space. Upstairs, you will be impressed with the size of all the bedrooms. The primary suite is massive, offering double closets, perfect for all your clothes. The finished basement with bathroom is the perfect hang out zone for you and your family. Outside, the large back deck over looks the good sized backyard with raised garden beds. Now is the time to call this lovely home your own!

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Property Summary

This detached home located at 70 Wallace Street, New Tecumseth is currently for sale and has been available on SousaSells for 758 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 3 beds, 3 bathrooms, and is 1500-2000 square feet. 70 Wallace Street, 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
3
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 26, 2024
Sold price information is available to members only
Listed Date6/18/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementFinished, Separate Entrance
Lot Size36.11 × 128.03 Feet
CountySimcoe
Annual Tax$4,000
Legal DescriptionLOT 49, PLAN 51M762; S/T RIGHT AS IN SC187456; NEW TECUMSETH

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Hospital, Library, School, Park

Interior Features

Auto Garage Door Remote, Water Heater Owned

Security Features

Community Features

Location

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70 Wallace Street, 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 70 Wallace Street, New Tecumseth, ON L9R 2G6

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 New Tecumseth.

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Interest Rate4.00%
Down Payment$254,970 (30.0%)
* Minimum Canadian down payment required for this price is $59,990.
Amortization Period30 Years
Estimated Monthly Payment$2,829Based on a loan of $594,930 over 30 years.
Purchase Price$849,900
Loan Amount$594,930
Provincial Land Transfer Tax:$13,473
Total Estimated Closing Taxes:$13,473

About Purchasing a Home in New Tecumseth, ON

For a property listed at $849,900 in New Tecumseth, the legal minimum down payment is $59,990 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 $13,473 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 $13,473.

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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.