16 MEL Street, South Bruce, ON

$749,900
MLS#:X10780949
4 beds
3 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of South Bruce. Expertly crafted featuring premium stone and vinyl siding construction, this residence presents an exceptional opportunity offered at $749,900 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.

  • 4 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a spacious lot (Acres)
  • Features a walk-up, partially finished 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: Water Heater Owned, Sump Pump, Air Exchanger
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

16 Mel St has it all: a brand new, custom built home that is under 2 years NEW with a fenced backyard, outdoor shed with hydro, completely landscaped front & backyards, concrete driveway, finished basement AND more. This warm, inviting, spacious and airy 4 bedroom, 3 bath bungalow is perfect for all stages of life, finished with main floor laundry, a grand custom kitchen with butcher block island & quartz countertops, attached 2 car garage, vaulted ceiling, covered front & back porches, endless storage and a flowing open concept design upstairs & down. Relax and unwind in your luxurious primary suite featuring an expansive 4 pc bath with large walk-in shower, massive walk-in closet all pouring with natural light, you will be sure to fall in love. Both levels are beaming with natural light, functionality and quality craftsmanship. Gather to watch the game or play some pool in the finished basement or host a BBQ and relax on the back deck while your kids & pets play safely in the quiet, fenced in backyard. Relax knowing your year new home is protected with Tarion Warranty and was built by a reputable, local builder, in addition to being settled in one of the area's most sought after neighbourhoods. Attention to detail and careful design is evident in this home and is best seen in person, Call Your REALTOR® Today To View What Could Be Your New Home!

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Property Summary

This detached home located at 16 MEL Street, South Bruce is currently for sale and has been available on SousaSells for 740 days. This property is listed at $749,900 with an estimated mortgage of $2,496* per month. It has 4 beds, 3 bathrooms, and is 1500-2000 square feet. 16 MEL Street, South Bruce is in the South Bruce neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/2/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionStone, Vinyl Siding
BasementWalk-Up, Partially Finished
CountyBruce
Annual Tax$5,491.26
Legal DescriptionLOT 6, PLAN 3M256 MUNICIPALITY OF SOUTH BRUCE

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater Owned, Sump Pump, Air Exchanger

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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16 MEL Street, South Bruce, 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 16 MEL Street, South Bruce, ON N0G 2J0

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 South Bruce.

Configure Loan Settings

Interest Rate4.00%
Down Payment$224,970 (30.0%)
* Minimum Canadian down payment required for this price is $49,990.
Amortization Period30 Years
Estimated Monthly Payment$2,496Based on a loan of $524,930 over 30 years.
Purchase Price$749,900
Loan Amount$524,930
Provincial Land Transfer Tax:$11,473
Total Estimated Closing Taxes:$11,473

About Purchasing a Home in South Bruce, ON

For a property listed at $749,900 in South Bruce, the legal minimum down payment is $49,990 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 $11,473 for this transaction. As this listing is in South Bruce (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for South Bruce, South Bruce.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$660,963

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.