31 LORIMER Street, Pelham, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 662 - Fonthill. Expertly crafted featuring premium other and brick construction, this residence presents an exceptional opportunity offered at $649,900 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.
- 4 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 50.3 x 150.18 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 31 Lorimer, this updated 2+2 bedroom 2 bath bungalow is perfectly perched on a prime corner lot, lined with mature trees, in the heart of Fonthill. The sundrenched main floor features a re-modelled living room with electric fireplace, eat-in kitchen with granite counters and a second bedroom. Enjoy the outdoor living space in the attached sun room looking out on your private oversized back deck and fenced yard. The finished basement is an ideal space to hang out with the family... 2 bedrooms plus an office, games/rec room and updated laundry room. Other updates include, new furnace and A/C (2018), roof (2018) deck and fence (2018) and main floor windows (2018) updated electrical panel and new GFI outlets rounds out the updates in this family home.
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Property Summary
This detached home located at 31 LORIMER Street, Pelham is currently for sale and has been available on SousaSells for 753 days. This property is listed at $649,900 with an estimated mortgage of $2,163* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 31 LORIMER Street, Pelham is in the 662 - Fonthill neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 31 LORIMER Street, Pelham, ON L0S 1E3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Pelham, ON
For a property listed at $649,900 in Pelham, the legal minimum down payment is $39,990 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 $9,473 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 $9,473.
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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.