141 JOHN Street, Norwich, ON

$650,000
MLS#:X10744866
3 beds
2 baths
1100-1500 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 10, 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 Otterville. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $650,000 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 97.44 x 109.91 ft lot
  • Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating

Description

Welcome to 141 John Street South in Otterville. Your perfect starter/retirement home. This bungalow offers everything you need for comfortable and convenient living. This home boasts 3 good sized bedrooms, 2 bathrooms. The cozy living spaces have plenty of natural light, perfect for family gatherings or quiet evenings. Park with ease in the spacious 2-car garage, which offers plenty of room for vehicles and storage. Don't miss out on the opportunity to make this charming starter home your own. Whether you're starting a family or looking for a place to retire you don't want to miss out on this one.

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Property Summary

This detached home located at 141 JOHN Street, Norwich is currently for sale and has been available on SousaSells for 721 days. This property is listed at $650,000 with an estimated mortgage of $2,164* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 141 JOHN Street, Norwich is in the Otterville neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementPartially Finished, Full
Lot Size97.44 × 109.91 Feet
CountyOxford
Annual Tax$2,962.21
Legal DescriptionPT LT 165 PL 388 PT 3, 41R4315; NORWICH

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf

Interior Features

None

Security Features

Alarm System, Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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141 JOHN Street, Norwich, 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 141 JOHN Street S, Norwich, ON N0J 1R0

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 Norwich.

Configure Loan Settings

Interest Rate4.00%
Down Payment$195,000 (30.0%)
* Minimum Canadian down payment required for this price is $40,000.
Amortization Period30 Years
Estimated Monthly Payment$2,164Based on a loan of $455,000 over 30 years.
Purchase Price$650,000
Loan Amount$455,000
Provincial Land Transfer Tax:$9,475
Total Estimated Closing Taxes:$9,475

About Purchasing a Home in Norwich, ON

For a property listed at $650,000 in Norwich, the legal minimum down payment is $40,000 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 $9,475 for this transaction. As this listing is in Norwich (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$896,854

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

Emily Stowe
Public1 Jerdon Street, Norwich, Ontario, N0J 1P0
4.0

Secondary Schools

No secondary schools data loaded.

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.