32 First Avenue, Prince Edward County, ON

$600,000
MLS#:X9380363
5 beds
2 baths
1100-1500 sqft
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 8, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Wellington Ward. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $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.

  • 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 100.2 x 55.7 ft lot
  • Features a finished, separate entrance 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: In-Law Capability, Auto Garage Door Remote, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 32 First Avenue in Wellington, Prince Edward County - an ideal opportunity for multi-generational living or potential for a Airbnb Short Term Accommodation (STA) rental, all within the vibrant community of Wellington. Here are five reasons why you'll love this home: ONE: Flexible Living Spaces: This raised bungalow features 2 kitchens - one on the main floor and one in the lower level making it perfect for accommodating extended family, guests, or potentially generating income through rental options. TWO: Main Floor Comfort: The open-concept main floor boasts 3 spacious bedrooms, 1 full bathroom with a semi-ensuite, Central vac and the convenience of main-floor laundry. The updated kitchen is a highlight, offering an oversized island with stone countertops, ideal for both casual meals and entertaining. Step out onto the private deck for a perfect outdoor retreat. THREE: Separate Lower-Level Suite: The lower level is fully equipped with its own kitchen, 2 bedrooms, a 3-piece bathroom, and a separate entrance. It also has a laundry rough-in, making it completely self-sufficient and ready for guests or boarders. FOUR: Prime Location: Situated in a desirable neighborhood, this home is just a short walk from the core of Wellington. Enjoy easy access to the Wellington arena, the Millennium trail, beach, local restaurants, shops, and all the charm of this waterfront village. FIVE: Move-In Ready: With updated features and modern amenities, this home is completely move-in ready, allowing you to settle in right away. 32 First Avenue offers endless possibilities in a prime location and is your chance to Call the County Home!

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Property Summary

This detached home located at 32 First Avenue, Prince Edward County is currently for sale and has been available on SousaSells for 653 days. This property is listed at $600,000 with an estimated mortgage of $1,997* per month. It has 5 beds, 2 bathrooms, and is 1100-1500 square feet. 32 First Avenue, Prince Edward County is in the Wellington Ward neighborhood.

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

Key Features

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 8, 2024
Sold price information is available to members only
Listed Date10/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick, Vinyl Siding
BasementFinished, Separate Entrance
Lot Size100.2 × 55.7 Feet
CountyPrince Edward County
Annual Tax$3,232.39
Legal DescriptionLT 47 PL 105; PRINCE EDWARD

Parking & Garage

Parking Total5.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Cul de Sac/Dead End, Golf, Library, Lake/Pond, School, Beach

Interior Features

In-Law Capability, Auto Garage Door Remote, Carpet Free, Central Vacuum, In-Law Suite, Storage

Security Features

Community Features

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Location

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32 First 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 32 First Avenue, Prince Edward County, ON K0K 3L0

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$180,000 (30.0%)
* Minimum Canadian down payment required for this price is $35,000.
Amortization Period30 Years
Estimated Monthly Payment$1,997Based on a loan of $420,000 over 30 years.
Purchase Price$600,000
Loan Amount$420,000
Provincial Land Transfer Tax:$8,475
Total Estimated Closing Taxes:$8,475

About Purchasing a Home in Prince Edward County, ON

For a property listed at $600,000 in Prince Edward County, the legal minimum down payment is $35,000 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 $8,475 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 $8,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$708,973

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.