8 Reid Road, Quinte West, ON

$550,000
MLS#:X9053224
5 beds
2 baths
7.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Murray Ward. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $550,000 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
  • Premium 155.44 x 192.82 ft lot size
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Floor Drain, Primary Bedroom - Main Floor, Storage
  • equipped with central air central cooling and highly efficient heat pump heating via electric

Description

Charming High Ranch Bungalow in Serene Country Setting. This spacious high ranch bungalow situated on a .6-acre lot offers the perfect blend of country living and convenience, located just minutes from the community of Frankford and close to local schools. The main level boasts 3 bright bedrooms, including a primary bedroom with direct access to a full 4-piece bath. The large eat-in kitchen features plenty of cupboard and counter space, perfect for preparing family meals. A patio door leads to a large deck where you can relax and enjoy the view of peaceful green fields. The lower level offers great potential for an in-law suite, with 2 additional bedrooms, a cozy family room, a second 4-piece bath, and a large laundry/utility room. Storage is plentiful throughout the home, including a two-car garage with upper storage. Enjoy the quiet of country living with the comfort of modern amenities nearby. This home offers an ideal retreat for those seeking space and tranquility, while staying connected to the charming community of Frankford. Seller is very motivated.

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Property Summary

This detached home located at 8 Reid Road, Quinte West is currently for sale and has been available on SousaSells for 722 days. This property is listed at $550,000 with an estimated mortgage of $1,831* per month. It has 5 beds, 2 bathrooms, and is unknown square feet. 8 Reid Road, Quinte West is in the Murray Ward neighborhood.

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

Key Features

Bedrooms
5
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 18, 2024
Sold price information is available to members only
Listed Date7/24/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick, Vinyl Siding
BasementPartially Finished
Lot Size155.44 × 192.82 Feet
CountyHastings
Annual Tax$2,932
Legal DescriptionPT LT 11 CON 6 MURRAY PT 1 38R4319; QUINTE WEST

Parking & Garage

Parking Spaces7.0
Garage Spaces5
Garage TypeAttached

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Golf, Place Of Worship, School Bus Route

Interior Features

Floor Drain, Primary Bedroom - Main Floor, Storage, Water Heater

Security Features

Community Features

Location

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8 Reid Road, 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 8 Reid Road, Quinte West, ON K0K 3M0

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$165,000 (30.0%)
* Minimum Canadian down payment required for this price is $30,000.
Amortization Period30 Years
Estimated Monthly Payment$1,831Based on a loan of $385,000 over 30 years.
Purchase Price$550,000
Loan Amount$385,000
Provincial Land Transfer Tax:$7,475
Total Estimated Closing Taxes:$7,475

About Purchasing a Home in Quinte West, ON

For a property listed at $550,000 in Quinte West, the legal minimum down payment is $30,000 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 $7,475 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 $7,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$801,837

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.