209 MAIN Street, Norwich, ON

$499,900
MLS#:X10744478
3 beds
2 baths
2500-3000 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 20, 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 Otterville. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $499,900 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 2 Bathrooms
  • Generous living space spanning 2500-3000 sqft on a premium 83.83 x 165 ft lot
  • Features a unfinished, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient outside/surface configuration
  • Notable attributes: Workbench, Water Meter
  • equipped with wall unit(s) central cooling and highly efficient forced air heating via gas

Description

VICTORIAN CHARM starts at the door with a wraparound front and side porch complete with gingerbread trim. Carpet, wood and laminate floors. Main floor office could also be a 4th bedroom or dining room. Separate laundry room plus a 3 pce bath next to kitchen. BONUS family room with gas fireplace and walk out to private deck. Second floor has 3 bedrooms. Most windows have been replaced. 2 window air conditioners and all appliances stay. Attic has been drywalled but not finished with 3 pce. bath including a claw foot tub. Would make a fabulous artists studio or primary suite. The back yard has a newer shed plus a small building formerly used as an aviary. Just let the kids play or have a picnic under the shade trees.Lots of parking. Steps to the park all in a quaint village setting. Zoning allows for residential plus retail or business use.

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Property Summary

This detached home located at 209 MAIN Street, Norwich is currently for sale and has been available on SousaSells for 710 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 3 beds, 2 bathrooms, and is 2500-3000 square feet. 209 MAIN 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
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date8/7/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionAluminum Siding
BasementUnfinished, Partial Basement
Lot Size83.83 × 165 Feet
CountyOxford
Annual Tax$2,800
Legal DescriptionLot 14 S of Main St Plan 43, Part lot 13 S of Main St Plan 43 as in 425581, Norwich

Parking & Garage

Parking Total3.0
Parking Space3
Garage TypeOutside/Surface

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingWall Unit(s)

Features

Property Features

Interior Features

Workbench, Water Meter

Security Features

Smoke Detector

Community Features

Location

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209 MAIN 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 209 MAIN Street E, 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$149,970 (30.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period30 Years
Estimated Monthly Payment$1,664Based on a loan of $349,930 over 30 years.
Purchase Price$499,900
Loan Amount$349,930
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in Norwich, ON

For a property listed at $499,900 in Norwich, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.

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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.