240 Melville Road, Prince Edward County, ON

$674,999
MLS#:X9016619
4 beds
3 baths
2000-2500 sqft
8.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 17, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Hillier Ward. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $674,999 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 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 108.37 x 172.27 ft lot
  • Features a partial basement, crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: In-Law Suite, Guest Accommodations
  • equipped with wall unit(s) central cooling and highly efficient forced air heating via propane

Description

This charming farmhouse, circa 1865, is characterized by large, open living spaces, original exposed wood beams and flooring, both front and side porches, and tasteful functionality! This is an excellent opportunity with space for visiting guests or family, or simply a cozy home to call your own! Stepping inside the main house, you'll find a central hall staircase that gracefully divides the main floor, leading to generously sized rooms on either side. The modern kitchen features imported tile, stainless appliances, an apron sink, and exposed wood beams, and is open to the dining and sitting room. On the second floor, you'll discover three spacious bedrooms, a second full bathroom, and an office nook that offers scenic views over the front porch and towards Lake Consecon. On the east side of the main house is private, separate, 1 bedroom, 1 bathroom suite. Chic and tasteful! Settled on an easily manageable half acre lot and an easy access location. A quintessential county home!

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Property Summary

This detached home located at 240 Melville Road, Prince Edward County is currently for sale and has been available on SousaSells for 741 days. This property is listed at $674,999 with an estimated mortgage of $2,247* per month. It has 4 beds, 3 bathrooms, and is 2000-2500 square feet. 240 Melville Road, Prince Edward County is in the Hillier Ward neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 17, 2024
Sold price information is available to members only
Listed Date7/7/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementPartial Basement, Crawl Space
Lot Size108.37 × 172.27 Feet
CountyPrince Edward County
Annual Tax$2,818.95
Legal DescriptionPT LT 86 CON 5 HILLIER PT 1 47R4448; PRINCE EDWARD

Parking & Garage

Parking Total8.0
Parking Space6
Garage TypeDetached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingWall Unit(s)

Features

Property Features

School Bus Route, Other

Interior Features

In-Law Suite, Guest Accommodations

Security Features

Community Features

Location

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240 Melville Road, Prince Edward County, 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 240 Melville Road, Prince Edward County, ON K0K 1T0

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 Prince Edward County.

Configure Loan Settings

Interest Rate4.00%
Down Payment$202,500 (30.0%)
* Minimum Canadian down payment required for this price is $42,500.
Amortization Period30 Years
Estimated Monthly Payment$2,247Based on a loan of $472,499 over 30 years.
Purchase Price$674,999
Loan Amount$472,499
Provincial Land Transfer Tax:$9,975
Total Estimated Closing Taxes:$9,975

About Purchasing a Home in Prince Edward County, ON

For a property listed at $674,999 in Prince Edward County, the legal minimum down payment is $42,500 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 $9,975 for this transaction. As this listing is in Prince Edward County (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,975.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Hillier Ward, Prince Edward County.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$980,474

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.