51 Albert Street, Norwich, ON

$649,000
MLS#:X10421271
2 beds
1 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 2, 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 Norwich Town. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $649,000 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 1 Bathroom
  • Generous living space spanning 1500-2000 sqft on a premium 60 x 88 ft lot
  • Features a finished, walk-up 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: Water Heater Owned, Air Exchanger, Auto Garage Door Remote
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Move in before Christmas! Special pricing makes this amazing home an incredible deal! This beautifully crafted, newly built detached bungalow combines the peace of countryside living with modern comforts. Featuring 2 spacious bedrooms and a luxurious 5-piece bathroom, this home is perfect for everyday living and cozy gatherings. Step inside to a bright, open-concept layout where the living, dining, and kitchen areas flow seamlessly. The kitchen is a standout with its quartz countertops, island, pantry, stainless steel appliances, and elegant lighting. Flooded with natural light, this home captures breathtaking sunsets from the backyard and sunrises from the covered front porch. The main level offers two well-sized bedrooms with a beautifully designed bathroom for ultimate comfort. The partially finished basement, with a separate entrance, is fully framed and ready to be customized into a full in-law suite. It can be finished to include two additional bedrooms, a bathroom, a kitchenette, and a cozy living space ideal for multi-generational living or rental potential. Enjoy the added comfort of in-floor heating, independent thermostat control, and rough-ins for electrical, plumbing, and HVAC. Perfectly situated in a quiet neighborhood with other new homes, you'll have easy access to everyday essentials like grocery stores, a library, schools, LCBO, a hockey arena, Tim Hortons, and the Dutch Bakery. Woodstock is an 15-minute drive away, making it a quick commute for Toyota factory workers. Other major cities like London, Brantford, Hamilton, Kitchener, and Cambridge are all within a 45-minute drive or less. Whether you're starting a family, looking for a retirement retreat, or making a smart investment, this property offers comfort and growth potential. Don't miss this incredible opportunity to make this beautiful home yours before the holidays!

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Property Summary

This detached home located at 51 Albert Street, Norwich is currently for sale and has been available on SousaSells for 613 days. This property is listed at $649,000 with an estimated mortgage of $2,160* per month. It has 2 beds, 1 bathroom, and is 1500-2000 square feet. 51 Albert Street, Norwich is in the Norwich Town neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 2, 2024
Sold price information is available to members only
Listed Date11/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementFinished, Walk-Up
Lot Size60 × 88 Feet
CountyOxford
Annual Tax$976.91
Legal DescriptionPART LOT 7, CONCESSION 4 NORTH NORWICH, PART 3 PLAN 41R10300 TOWNSHIP OF NORWICH

Parking & Garage

Parking Total4.0
Parking Space3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater Owned, Air Exchanger, Auto Garage Door Remote, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Sump Pump, Rough-In Bath, Storage

Security Features

Community Features

Location

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51 Albert 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 51 Albert Street, Norwich, ON N0J 1P0

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.

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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$194,700 (30.0%)
* Minimum Canadian down payment required for this price is $39,900.
Amortization Period30 Years
Estimated Monthly Payment$2,160Based on a loan of $454,300 over 30 years.
Purchase Price$649,000
Loan Amount$454,300
Provincial Land Transfer Tax:$9,455
Total Estimated Closing Taxes:$9,455

About Purchasing a Home in Norwich, ON

For a property listed at $649,000 in Norwich, the legal minimum down payment is $39,900 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 $9,455 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 $9,455.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$643,301

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.