30 Wallace Street, Quinte West, ON

$160,000
MLS#:X11822514
0 beds
0 baths
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Frankford Ward. Expertly crafted featuring premium vinyl siding and wood construction, this residence presents an exceptional opportunity offered at $160,000 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
  • Premium 54.25 x 67.04 ft lot size
  • 4.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: None

Description

This fantastic vacant lot, measuring approximately 65' x 60', presents an excellent opportunity for developers and investors. Zoned R3, the property offers significant potential for building a triplex, maximizing its value and rental income.The lot also includes a 27' x 20' two-car garage, providing a storage space or workshop. Situated in the vibrant Frankford and Quinte West area, this property offers convenient access to a wide range of amenities, attractions, and transportation options. Don't miss this chance to capitalize on this prime development opportunity.

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Property Summary

This vacant land located at 30 Wallace Street, Quinte West is currently for sale and has been available on SousaSells for 591 days. This property is listed at $160,000 with an estimated mortgage of $533* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 30 Wallace Street, Quinte West is in the Frankford Ward neighborhood.

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

Key Features

000
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 13, 2025
Sold price information is available to members only
Listed Date12/2/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
ConstructionVinyl Siding, Wood
Lot Size54.25 × 67.04 Feet
CountyHastings
Annual Tax$1,152
Legal DescriptionPT LT 24 W/S WELLINGTON ST, PL 78 SIDNEY PART 1, PLAN 21R24937 QUINTE WEST; COUNTY OF HASTINGS

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeDetached

Heating & Cooling

Features

Property Features

Golf, Hospital, Library, Rec./Commun.Centre, School Bus Route, Skiing

Interior Features

None

Security Features

Community Features

Location

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30 Wallace Street, Quinte West, 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 30 Wallace Street, Quinte West, ON K0K 2C0

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.

Market Trend
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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$48,000 (30.0%)
* Minimum Canadian down payment required for this price is $8,000.
Amortization Period30 Years
Estimated Monthly Payment$533Based on a loan of $112,000 over 30 years.
Purchase Price$160,000
Loan Amount$112,000
Provincial Land Transfer Tax:$1,325
Total Estimated Closing Taxes:$1,325

About Purchasing a Home in Quinte West, ON

For a property listed at $160,000 in Quinte West, the legal minimum down payment is $8,000 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 $1,325 for this transaction. As this listing is in Quinte West (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,325.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Frankford Ward, Quinte West.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$624,127

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.