53 Balsam Trail, Norfolk, ON

$569,000
MLS#:X11945887
2 beds
2 baths
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Port Rowan. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $569,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Premium 40.03 x 109.73 ft lot size
  • Features a full, unfinished 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: Air Exchanger, Solar Tube, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 53 Balsam Trail, located in the Villages of Long Point Bay a retirement community in the Lakeside Village of Port Rowan. This beautiful Butternut model features an open-concept kitchen/dining/living room with lots of windows and 4 solar tubes that create bright and cheery living spaces. The primary bedroom is spacious and includes an ensuite (with a walk-in shower) and two closets, one of which is a walk-in. The second bedroom is currently set up as a sitting room but includes a murphy bed (included) for use by visiting friends and family. A double car garage provides lots of space for cars, storage of other items, and a work bench (included). The driveway is nice and wide and has a coloured stamped concrete finish. The large partially shaded deck is an ideal spot for entertaining and is nicely connected to the kitchen. Lots of outdoor features including a natural gas bbq hookup, inground irrigation system, backyard storage shed and more. Recent renovations and upgrades include a sun roof for the deck in 2015, new roof in 2017, hot-water heater in 2019, Furnace and A/C in 2021, new metal deck railing in 2022, sump-pump in 2024. All appliances included. All owners must become members of the Villages of Long Point Bay Residence Association with monthly fees currently set at $60.50. Members have their own clubhouse that features an indoor pool, hot tub, fitness room, billiards room, games room, woodworking shop and a large hall where dinners, dances and events are hosted. In addition, the village park has a walking trail around the pond, garden plots, pickle ball courts, shuffleboard, bocce ball and much more! Plenty of opportunity for active living in the area with local amenities including the beaches of Long Point and Turkey Point, boating on Long Point Bay, golfing, wineries, breweries, hiking and the shops and boutique stores of Port Rowan. This property is a must to come see!

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Property Summary

This detached home located at 53 Balsam Trail, Norfolk is currently for sale and has been available on SousaSells for 533 days. This property is listed at $569,000 with an estimated mortgage of $1,894* per month. It has 2 beds, 2 bathrooms, and is unknown square feet. 53 Balsam Trail, Norfolk is in the Port Rowan neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 18, 2025
Sold price information is available to members only
Listed Date1/28/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementFull, Unfinished
Lot Size40.03 × 109.73 Feet
CountyNorfolk
Annual Tax$3,636.25
Legal DescriptionPCL 23-1 SEC 37M23; LT 23 PL 37M23; S/T LT5139, NR500516; NORFOLK COUNTY

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Air Exchanger, Solar Tube, Sump Pump, Water Heater Owned, Auto Garage Door Remote

Security Features

Community Features

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Location

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53 Balsam Trail, Norfolk, 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 53 Balsam Trail, Norfolk, ON N0E 1M0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Norfolk.

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Interest Rate4.00%
Down Payment$170,700 (30.0%)
* Minimum Canadian down payment required for this price is $31,900.
Amortization Period30 Years
Estimated Monthly Payment$1,894Based on a loan of $398,300 over 30 years.
Purchase Price$569,000
Loan Amount$398,300
Provincial Land Transfer Tax:$7,855
Total Estimated Closing Taxes:$7,855

About Purchasing a Home in Norfolk, ON

For a property listed at $569,000 in Norfolk, the legal minimum down payment is $31,900 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 $7,855 for this transaction. As this listing is in Norfolk (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,855.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Port Rowan, Norfolk.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$667,400

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.