7 Cook Street, Norwich, ON

$499,500
MLS#:X9296162
2 beds
1 baths
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 25, 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 vinyl siding construction, this residence presents an exceptional opportunity offered at $499,500 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
  • Premium 66.81 x 188.83 ft lot size
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: None
  • Efficient forced air heating via gas

Description

Don't miss this opportunity to get into the market, with a detached bungalow and huge yard! This 2-bedroom home is a great place to start your home ownership journey! This one level home offers a spacious floorplan, updated decor, breakfast bar a large laundry/mud room with access to a fantastic back yard! You will enjoy entertaining friends and family on the deck or around the fire pit. There is lots of room for your furry pet friends and children. Located on a quiet mature street, within walking distance of the downtown core. Make sure you make an appointment to view this home.

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Property Summary

This detached home located at 7 Cook Street, Norwich is currently for sale and has been available on SousaSells for 683 days. This property is listed at $499,500 with an estimated mortgage of $1,663* per month. It has 2 beds, 1 bathroom, and is unknown square feet. 7 Cook 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
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 25, 2024
Sold price information is available to members only
Listed Date9/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementCrawl Space
Lot Size66.81 × 188.83 Feet
CountyOxford
Annual Tax$1,988
Legal DescriptionPT LT 521 PL 745 AS IN 424471; NORWICH

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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7 Cook 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 7 Cook 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.

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$149,850 (30.0%)
* Minimum Canadian down payment required for this price is $24,975.
Amortization Period30 Years
Estimated Monthly Payment$1,663Based on a loan of $349,650 over 30 years.
Purchase Price$499,500
Loan Amount$349,650
Provincial Land Transfer Tax:$6,465
Total Estimated Closing Taxes:$6,465

About Purchasing a Home in Norwich, ON

For a property listed at $499,500 in Norwich, the legal minimum down payment is $24,975 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 $6,465 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 $6,465.

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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.