27 Downes Avenue, Prince Edward County, ON

$579,000
MLS#:X11924870
4 beds
2 baths
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 3, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Picton Ward. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $579,000 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.

  • 4 Bedrooms and 2 Bathrooms
  • Premium 85.85 x 216.84 ft lot size
  • Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Primary Bedroom - Main Floor, Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Looking for that bungalow in the mature part of Picton with an attached garage and extra parking? This bungalow with 3 bedrooms, 2 bathrooms and a finished lower level is not to be missed! The sunroom adds to the living area accessible off the main level. It is a great separate space for kids to play or adults to relax. The open concept kitchen/living room with a gas fireplace will be welcomed in the colder weather to enjoy. The spacious yard, is fully fenced and boasts a new deck and patio plus an inground pool to enjoy on those warm summer days. Additional bedroom on the lower level with a family room. Many renovations have been done on this perfect family home. Add your personal touches and the lower level has the potential to be a in-law suite with a separate entrance? Downtown Picton with all it has to offer is easily in walking distance!

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Property Summary

This detached home located at 27 Downes Avenue, Prince Edward County is currently for sale and has been available on SousaSells for 549 days. This property is listed at $579,000 with an estimated mortgage of $1,927* per month. It has 4 beds, 2 bathrooms, and is unknown square feet. 27 Downes Avenue, Prince Edward County is in the Picton Ward neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 3, 2025
Sold price information is available to members only
Listed Date1/15/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementFull, Partially Finished
Lot Size85.85 × 216.84 Feet
CountyPrince Edward County
Annual Tax$3,693
Legal DescriptionPT LT 576 PL 24 PICTON; PT HART ST. PL 24 PICTON CLOSED BY PE32110; PT 1 & 2 47R7089; S/T PC16420; PRINCE EDWARD

Parking & Garage

Parking Total5.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Library, Place Of Worship, Rec./Commun.Centre, School, Hospital

Interior Features

Primary Bedroom - Main Floor, Water Heater Owned

Security Features

Community Features

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Location

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27 Downes Avenue, 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 27 Downes Avenue, Prince Edward County, ON K0K 2T0

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.

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Interest Rate4.00%
Down Payment$173,700 (30.0%)
* Minimum Canadian down payment required for this price is $32,900.
Amortization Period30 Years
Estimated Monthly Payment$1,927Based on a loan of $405,300 over 30 years.
Purchase Price$579,000
Loan Amount$405,300
Provincial Land Transfer Tax:$8,055
Total Estimated Closing Taxes:$8,055

About Purchasing a Home in Prince Edward County, ON

For a property listed at $579,000 in Prince Edward County, the legal minimum down payment is $32,900 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 $8,055 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 $8,055.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$822,529

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.