15 Bacon Lane, Pelham, ON

$1,225,000
MLS#:X8402280
5 beds
3 baths
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 662 - Fonthill. Expertly crafted featuring premium stone and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,225,000 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 with 2 functional kitchens
  • Premium 62.41 x 121 ft lot size
  • Features a full, partially finished 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: Auto Garage Door Remote, Countertop Range, In-Law Suite
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

No need to look any further, this is your new home! Nestled on a quiet, tree-lined street; steps from the Steve Bauer Trail, this exquisite home is a testament to premium craftsmanship and thoughtful design. This custom-built bungalow delivers a spacious, open-concept layout on the main floor, 9 walls and a vaulted ceiling encompass a generous-sized kitchen with new stainless-steel appliances, dining and living area with gas fireplace. Three bedrooms, a spacious office and two full bathrooms round out the main floor offering. Arch-top windows inundate the entire home with light and beautiful authentic hardwood floors add warmth and elegance throughout the space. The main floor laundry/mudroom is expertly laid out with generous storage along with access to the double car garage and a hardwood staircase leads to the lower-level living space. The downstairs consists of a large, well-lit, 2-bedroom, 2-bathroom in-law suite complete with a fully equipped kitchen, dining area and living room with an electric fireplace. The basement also includes a generous storage area.. Premium sound proofing insulation between the upper and lower living areas maximize privacy. This suite even has its own separate, outside entrance complete with a piazza! (entertaining area). In the back garden, you will discover a new large deck with retractable awning; perfect for summer barbecues and entertaining. This beautifully landscaped, private backyard is the ultimate oasis to unwind while enjoying the natural beauty of the trees and gardens. A wooden shed houses the right amount of storage for any yard needs. This phenomenal home has so much to offer to families, multi-generational homebuyers or smart real estate investors! Don't miss your chance to own this exceptional property in one of the most desirable areas of Fonthill!

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Property Summary

This detached home located at 15 Bacon Lane, Pelham is currently for sale and has been available on SousaSells for 768 days. This property is listed at $1,225,000 with an estimated mortgage of $4,078* per month. It has 5 beds, 3 bathrooms, and is unknown square feet. 15 Bacon Lane, Pelham is in the 662 - Fonthill neighborhood.

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

Key Features

Bedrooms
5
Bathrooms
3
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 30, 2024
Sold price information is available to members only
Listed Date6/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionStone, Stucco (Plaster)
BasementFull, Partially Finished
Lot Size62.41 × 121 Feet
CountyNiagara
Annual Tax$6,104.28
Legal DescriptionPT TWP LOT 177 THOROLD PT 14, 59R12116 ; T/W AS IN RO142239 TOWN OF PELHAM

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Auto Garage Door Remote, Countertop Range, In-Law Suite, On Demand Water Heater, Sump Pump

Security Features

Community Features

Location

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15 Bacon Lane, Pelham, 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 15 Bacon Lane, Pelham, ON L0S 1E4

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 Pelham.

Configure Loan Settings

Interest Rate4.00%
Down Payment$367,500 (30.0%)
* Minimum Canadian down payment required for this price is $245,000.
Amortization Period30 Years
Estimated Monthly Payment$4,078Based on a loan of $857,500 over 30 years.
Purchase Price$1,225,000
Loan Amount$857,500
Provincial Land Transfer Tax:$20,975
Total Estimated Closing Taxes:$20,975

About Purchasing a Home in Pelham, ON

For a property listed at $1,225,000 in Pelham, the legal minimum down payment is $245,000 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 $20,975 for this transaction. As this listing is in Pelham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,975.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,101,493

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.