53 Cherry Street, Norfolk, ON
Property no longer active
This property was sold on December 9, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Simcoe. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,750 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 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 125.83 x 198.43 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Other
- Efficient forced air heating via gas
Description
Great lot measuring 128.25 feet x 197.78 feet, nice elevation for drainage. Lot is 24,993.78 sq ft, and just over a half acre as per Norfolk 0.58. This R1 zone allows for an Additional Residential Dwelling Unit, (ARDU). A step by Step building Permit Package is in documents. You can Build a 807 sq foot auxilary residence, so you can develope for your future. And if that is not in your cards, this all brick bungalow with 1370 sq ft on main + 525 lower is apprx 1895 in total, may just suite your needs. Kitchen, baths are older 1959. Kitchen has a walkout to a large deck over the built-in garages and step down to the rear lot. Steel beamed. Shingles 2012. Basement has a 4th bedrom, recrm, 4 pce, and walk out though the garage. Good Duplexing possibilities.
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Property Summary
This detached home located at 53 Cherry Street, Norfolk is currently for sale and has been available on SousaSells for 609 days. This property is listed at $499,750 with an estimated mortgage of $1,663* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 53 Cherry Street, Norfolk is in the Simcoe neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 53 Cherry Street, Norfolk, ON N3Y 1B3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Norfolk, ON
For a property listed at $499,750 in Norfolk, the legal minimum down payment is $24,988 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 $6,470 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 $6,470.
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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.