555 S Big Island Road, Prince Edward County, ON

$629,000
MLS#:X9264652
2 beds
2 baths
8.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 29, 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 Sophiasburg Ward. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $629,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Premium 568.7 x 685.05 ft lot size
  • Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available
  • Notable attributes: Propane Tank, Water Heater Owned
  • Efficient baseboard heating via propane

Description

Welcome to Big Island in Prince Edward County! This home offers over 5 acres of pristine property with beautiful perennial gardens. Enjoy the tranquil property while sitting on your covered porch listening to the birds and watching the abundant wildlife from the surrounding farm land. Features of this well-maintained home include 3 outbuildings, a seasonal creek, solar panels that provide an annual income, boat launch down the road & approximately 30 minutes to the 401. As you enter this home from a covered front porch you are welcomed by warm colours, hardwood floors and a propane fireplace. The kitchen offers engineered hardwood floors, a walk-in pantry and chimney ready for a wood stove if you wish! The adjoining dining/living room have garden doors that lead out to a private side deck, pine floors, lots of windows and a second propane fireplace. As you make your way upstairs you find 2 bedrooms, space for a third bedroom and a full bathroom. The home is surrounded by farmland creating a very private location and in a wonderful community with many social events. You will not be disappointed looking at this home.

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Property Summary

This detached home located at 555 S Big Island Road, Prince Edward County is currently for sale and has been available on SousaSells for 696 days. This property is listed at $629,000 with an estimated mortgage of $2,094* per month. It has 2 beds, 2 bathrooms, and is unknown square feet. 555 S Big Island Road, Prince Edward County is in the Sophiasburg Ward neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 29, 2024
Sold price information is available to members only
Listed Date8/21/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionVinyl Siding
BasementPartial Basement, Unfinished
Lot Size568.7 × 685.05 Feet
CountyPrince Edward County
Annual Tax$2,058.2
Legal DescriptionPT LT 13 BIG ISLAND SOPHIASBURGH PT 1 47R8496; PRINCE EDWARD

Parking & Garage

Parking Total8.0
Parking Space8
Garage TypeNone

Heating & Cooling

Heat SourcePropane
Heat TypeBaseboard
CoolingNone

Features

Property Features

Clear View, Lake Access, Level, Marina, River/Stream, School Bus Route

Interior Features

Propane Tank, Water Heater Owned

Security Features

Community Features

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Location

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555 S Big Island 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 555 S Big Island Road, Prince Edward County, ON K0K 1W0

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$188,700 (30.0%)
* Minimum Canadian down payment required for this price is $37,900.
Amortization Period30 Years
Estimated Monthly Payment$2,094Based on a loan of $440,300 over 30 years.
Purchase Price$629,000
Loan Amount$440,300
Provincial Land Transfer Tax:$9,055
Total Estimated Closing Taxes:$9,055

About Purchasing a Home in Prince Edward County, ON

For a property listed at $629,000 in Prince Edward County, the legal minimum down payment is $37,900 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 $9,055 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 $9,055.

Similar Listings Nearby

City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$767,367

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.