8 Palace Court, Orangeville, ON

$1,275,000
MLS#:W8442842
5 beds
3 baths
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 12, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Backsplit 4 detached located in the coveted neighborhood of Orangeville. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,275,000 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.

  • 5 Bedrooms and 3 Bathrooms
  • Premium 51.82 x 176.18 ft lot size
  • Features a finished 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: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome To This Show Stopper! Fantastic 3+2 Bedroom Backsplit Home On A Quiet Cul-De-Sac In A Highly Desirable Neighborhood Of Orangeville. Open Concept Kitchen, Living & Dining Area Complete With A W/O To The Custom Backyard Featuring A Salt Water Inground Pool, Fenced Yard, Large patio, Perfect For Entertaining The Entire Family! Fully Renovated Kitchen Complete With New S/S Appliances, Quartz Countertops, Backsplash And Pot Lights Throughout. Upper Floor Has 3 Spacious Bedrooms Including A Primary Bedroom With A Stunning 4Pc Ensuite With Heated Floors, A Large Closet And A Beautiful View Overlooking Your Private Backyard Oasis. The Ground Floor Features A Bright Spacious Family Room Complete With A Natural Gas Fireplace, A Fourth Bedroom, An Office (Could Be Used As Another Bedroom) And A Two-piece Powder/Laundry Room. The Finished Basement Has A Rec Room and An Additional Bedroom, Perfect For Large Families. The Home Also Features An Attached Two Car Garage And Driveway With Lots Of Parking.

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Property Summary

This detached home located at 8 Palace Court, Orangeville is currently for sale and has been available on SousaSells for 764 days. This property is listed at $1,275,000 with an estimated mortgage of $4,244* per month. It has 5 beds, 3 bathrooms, and is unknown square feet. 8 Palace Court, Orangeville is in the Orangeville neighborhood.

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

Key Features

Bedrooms
5
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 12, 2024
Sold price information is available to members only
Listed Date6/14/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBacksplit 4
ConstructionBrick, Vinyl Siding
BasementFinished
Lot Size51.82 × 176.18 Feet
CountyDufferin
Annual Tax$7,112.23
Legal DescriptionLOT 5, PLAN 7M18, ORANGEVILLE. S/T EASE IN DC5501. S/T RIGHT IN FAVOUR OF SUNVALE CORPORATION UNTIL THE DATE OF COMPLETE ACCEPTANCE BY THE CORPORATION OF THE TOWN OF ORANGEVILLE AS IN DC5551

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Cul de Sac/Dead End, Fenced Yard, Park, Place Of Worship, School

Interior Features

Central Vacuum

Security Features

Community Features

Location

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8 Palace Court, Orangeville, 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 8 Palace Court, Orangeville, ON L9W 5E6

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 Orangeville.

Configure Loan Settings

Interest Rate4.00%
Down Payment$382,500 (30.0%)
* Minimum Canadian down payment required for this price is $255,000.
Amortization Period30 Years
Estimated Monthly Payment$4,244Based on a loan of $892,500 over 30 years.
Purchase Price$1,275,000
Loan Amount$892,500
Provincial Land Transfer Tax:$21,975
Total Estimated Closing Taxes:$21,975

About Purchasing a Home in Orangeville, ON

For a property listed at $1,275,000 in Orangeville, the legal minimum down payment is $255,000 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 $21,975 for this transaction. As this listing is in Orangeville (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $21,975.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$850,290

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

St Peter
Public46 Dawson Road, Orangeville, Ontario, L9W 2W3
5.8
Parkinson Centennial
Public120 Lawrence Avenue, Orangeville, Ontario, L9W 1S8
3.1
Princess Elizabeth
Public51 Elizabeth Street, Orangeville, Ontario, L9W 1C5
4.4
St Andrew
Public50 Meadow Drive, Orangeville, Ontario, L9W 3Z1
5.1
Orangeville
Public22 Faulkner Street, Orangeville, Ontario, L9W 2G7
6.0

Secondary Schools

Orangeville
Public22 Faulkner Street, Orangeville, Ontario, L9W 2G7
5.6
Westside
Public300 Alder Street, Orangeville, Ontario, L9W 5A2
5.5

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.