114 GILWOOD PARK Drive, Penetanguishene, ON

$1,600,000
MLS#:S11823179
0 beds
0 baths
Residential Freehold
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Property no longer active

This property was sold on November 29, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Penetanguishene. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,600,000 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.

  • 0 Bedrooms and 0 Bathrooms
  • Thoughtfully designed floor plan offering excellent spatial utility and privacy

Description

One of a kind 2 acre waterfront property on Georgian Bay with 252 ft of frontage. The private beach is the perfect place to gather with friends and family year round either boating, swimming, snowmobiling or a peaceful bonfire. If you have been waiting for a special waterfront lot to build the house of your dreams... Here it is. Located in an upscale neighborhood minutes from town 1.5 hours to Toronto. With only one Neighbour and acres of crown land on the other side the privacy is assured. The incredible price includes a spectacular design from a prestigious Costa Rican/Canadian firm. The homes are intended to be a seamless connection with nature and embrace the landscape’s stunning water and forest views. The property is regularly graced by the presence of a Bald Eagle. A sign that it is a very special place.

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Property Summary

This vacant land located at 114 GILWOOD PARK Drive, Penetanguishene is currently for sale and has been available on SousaSells for 596 days. This property is listed at $1,600,000 with an estimated mortgage of $5,326* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 114 GILWOOD PARK Drive, Penetanguishene is in the Penetanguishene neighborhood.

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

Key Features

0
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date11/29/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
CountySimcoe
Annual Tax$6,392
Legal DescriptionPLAN 69 N PT LOT 13A

Parking & Garage

Garage TypeNone

Heating & Cooling

Features

Property Features

Interior Features

Security Features

Community Features

Location

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114 GILWOOD PARK Drive, Penetanguishene, 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 114 GILWOOD PARK Drive, Penetanguishene, ON L9M 1Z6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Penetanguishene.

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Interest Rate4.00%
Down Payment$480,000 (30.0%)
* Minimum Canadian down payment required for this price is $320,000.
Amortization Period30 Years
Estimated Monthly Payment$5,326Based on a loan of $1,120,000 over 30 years.
Purchase Price$1,600,000
Loan Amount$1,120,000
Provincial Land Transfer Tax:$28,475
Total Estimated Closing Taxes:$28,475

About Purchasing a Home in Penetanguishene, ON

For a property listed at $1,600,000 in Penetanguishene, the legal minimum down payment is $320,000 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 $28,475 for this transaction. As this listing is in Penetanguishene (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $28,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$720,386

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

James Keating
Public20 Lorne Avenue, Penetanguishene, Ontario, L9M 1B2
2.2
Burkevale
Public39 Burke Street, Penetanguishene, Ontario, L9M 1C4
7.6
St Ann's
Public5 Dunlop Street, Penetanguishene, Ontario, L9M 1J2
6.1
St-Joseph
Public30 Poyntz Street, Penetanguishene, Ontario, L9M 1N4
5.7
Canadian Martyrs
Public7 Bellisle Road, Penetanguishene, Ontario, L9M 1N6
2.0

Secondary Schools

Le Caron
Public22 John Street, Penetanguishene, Ontario, L9M 1N8
4.8

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.