126 Lakeshore Road, Oro-Medonte, ON

$599,900
MLS#:S8439718
3 beds
1 baths
700-1100 sqft
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Oro-Medonte. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $599,900 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 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 64 x 120 ft lot
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater, Primary Bedroom - Main Floor, Storage
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled on a picturesque corner lot, this enchanting 3-bedroom, 1-bathroom bungalow exudes timeless charm and offers an idyllic retreat in a serene neighborhood. With deeded access to a community beach park, lake enthusiasts will find themselves immersed in endless aquatic adventures. Step inside to discover a cozy interior adorned with laminate and carpet flooring, creating a warm and inviting ambiance throughout. The spacious layout boasts a huge enclosed porch, perfect for relaxing with a book or entertaining guests. The home features a full unfinished basement, providing ample storage space or potential for customization to suit your needs. A single-car garage offers convenience and additional storage options. Ideally located, this delightful abode is just a stone's throw away from the lake, beach, and parks, offering a plethora of outdoor recreational opportunities. Whether you're seeking a peaceful weekend getaway or a permanent lakeside retreat, this charming cottage bungalow presents an irresistible opportunity to embrace the essence of lakeside living.

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Property Summary

This detached home located at 126 Lakeshore Road, Oro-Medonte is currently for sale and has been available on SousaSells for 759 days. This property is listed at $599,900 with an estimated mortgage of $1,997* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 126 Lakeshore Road, Oro-Medonte is in the Rural Oro-Medonte neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 20, 2024
Sold price information is available to members only
Listed Date6/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementFull, Unfinished
Lot Size64 × 120 Feet
CountySimcoe
Annual Tax$2,615
Legal DescriptionLT 51 PL 589 ORO T/W RO189609; ORO-MEDONTE

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Level, Lake/Pond, Beach

Interior Features

Water Heater, Primary Bedroom - Main Floor, Storage, Sump Pump

Security Features

Smoke Detector

Community Features

Location

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126 Lakeshore Road, Oro-Medonte, 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 126 Lakeshore Road E, Oro-Medonte, ON L0L 2E0

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 Oro-Medonte.

Configure Loan Settings

Interest Rate4.00%
Down Payment$179,970 (30.0%)
* Minimum Canadian down payment required for this price is $34,990.
Amortization Period30 Years
Estimated Monthly Payment$1,997Based on a loan of $419,930 over 30 years.
Purchase Price$599,900
Loan Amount$419,930
Provincial Land Transfer Tax:$8,473
Total Estimated Closing Taxes:$8,473

About Purchasing a Home in Oro-Medonte, ON

For a property listed at $599,900 in Oro-Medonte, the legal minimum down payment is $34,990 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 $8,473 for this transaction. As this listing is in Oro-Medonte (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,473.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,233,665

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

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Secondary Schools

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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.