55 Park Place Drive, Sault Ste Marie, ON

$549,500
MLS#:X12005003
3 beds
3 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on March 14, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow semi-detached located in the coveted neighborhood of Sault Ste Marie. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $549,500 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.

  • 3 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 28.04 x 190.25 ft lot
  • Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Air Exchanger, Auto Garage Door Remote, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 55 Park Place Drive, a delightful semi-detached home tucked away on a quiet cul-de-sac in the highly sought-after P Patch neighbourhood. Offering comfort, space, and exceptional convenience, this property is perfect for those seeking a peaceful setting with easy access to amenities. From the moment you arrive, you'll appreciate the double driveway with parking for four, plus a spacious attached two-car garage with interior access making everyday tasks like unloading groceries a breeze. The main level features a bright, open-concept kitchen, dining, & living area, complete with a southeast-facing deck off the dining room the perfect spot to enjoy your morning coffee. You'll also find two comfortable bedrooms and two full bathrooms, including a primary with ensuite. The private backyard is a true highlight, backing onto green space & parkette with no rear neighbours, providing a peaceful and secluded outdoor retreat. The fully finished lower level offers incredible versatility with walk-out access, ideal for a potential in-law suite or income-generating rental. This level includes a spacious family room, third large bedroom, full bathroom, & abundant storage with an oversized utility room, cold room, and additional unfinished space perfectly positioned for addition of future second kitchen if desired. Notable updates include: A/C (2021), new shingles (2022), brand-new Lifebreath HRV system. Ideally located just steps from the Hub Trail, parks, schools, and a variety of convenient amenities, this home truly offers the best of comfort and location. Be sure to check out the video slideshow in the media link below, then schedule your private showing!

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Property Summary

This detached home located at 55 Park Place Drive, Sault Ste Marie is currently for sale and has been available on SousaSells for 499 days. This property is listed at $549,500 with an estimated mortgage of $1,829* per month. It has 3 beds, 3 bathrooms, and is 1500-2000 square feet. 55 Park Place Drive, Sault Ste Marie

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

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 14, 2025
Sold price information is available to members only
Listed Date3/6/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementFinished with Walk-Out, Full
Lot Size28.04 × 190.25 Feet
CountyAlgoma
Annual Tax$6,136.74
Legal DescriptionPCL 10-3 SEC 1M537; PT LT 10 PL 1M537 ST. MARY'S PT 1, 1R10691; SAULT STE. MARIE

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Cul de Sac/Dead End, Hospital, Library, Park, Place Of Worship, School

Interior Features

Air Exchanger, Auto Garage Door Remote, Central Vacuum, Primary Bedroom - Main Floor, Storage, Sump Pump, Water Heater, Ventilation System, In-Law Capability

Security Features

Community Features

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Location

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55 Park Place Drive, Sault Ste Marie, ON

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 55 Park Place Drive, Sault Ste Marie, ON P6B 6L3

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 Sault Ste Marie.

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Interest Rate4.00%
Down Payment$164,850 (30.0%)
* Minimum Canadian down payment required for this price is $29,950.
Amortization Period30 Years
Estimated Monthly Payment$1,829Based on a loan of $384,650 over 30 years.
Purchase Price$549,500
Loan Amount$384,650
Provincial Land Transfer Tax:$7,465
Total Estimated Closing Taxes:$7,465

About Purchasing a Home in Sault Ste Marie, ON

For a property listed at $549,500 in Sault Ste Marie, the legal minimum down payment is $29,950 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 $7,465 for this transaction. As this listing is in Sault Ste Marie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,465.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Sault Ste Marie.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$630,037

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.