10 Noraline Avenue, Springwater, ON

$599,000
MLS#:S11902452
0 beds
0 baths
8.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow vacant land located in the coveted neighborhood of Midhurst. Expertly crafted featuring premium stucco (plaster) and stone construction, this residence presents an exceptional opportunity offered at $599,000 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 98.43 x 280.79 ft lot size
  • 8.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: None

Description

Top 5 Reasons You Will Love This Property: 1) Exceptional opportunity awaits with this prime building lot nestled in the highly sought-after community of Midhurst 2) Spanning over half an acre, this flat lot is adorned with mature trees, providing a serene and picturesque setting 3) Remarkable 24'x45' heated and insulated workshop featuring a 12' ceiling, equipped with premium features such as a car lift, air compressor, tire racks, workbench, and built-in storage 4) Incredible investment opportunity, whether you choose to build your custom home or utilize the existing 1,000 square foot workshop for personal or professional needs 5) Desirably located close to schools and various amenities. Visit our website for more detailed information.

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Property Summary

This vacant land located at 10 Noraline Avenue, Springwater is currently for sale and has been available on SousaSells for 562 days. This property is listed at $599,000 with an estimated mortgage of $1,994* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 10 Noraline Avenue, Springwater is in the Midhurst 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 21, 2025
Sold price information is available to members only
Listed Date12/30/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Architectural StyleBungalow
ConstructionStucco (Plaster), Stone
Lot Size98.43 × 280.79 Feet
CountySimcoe
Annual Tax$1,832.51
Legal DescriptionPCL 3-5 SEC 51M300; PT LT 3 PL 51M300 VESPRA PT 3, 51R25349; SPRINGWATER

Parking & Garage

Parking Spaces8.0
Garage Spaces6
Garage TypeDetached

Heating & Cooling

Features

Property Features

Park, School

Interior Features

None

Security Features

Community Features

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Location

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10 Noraline Avenue, Springwater, 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 10 Noraline Avenue, Springwater, ON L9X 0M8

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 Springwater.

Configure Loan Settings

Interest Rate4.00%
Down Payment$179,700 (30.0%)
* Minimum Canadian down payment required for this price is $34,900.
Amortization Period30 Years
Estimated Monthly Payment$1,994Based on a loan of $419,300 over 30 years.
Purchase Price$599,000
Loan Amount$419,300
Provincial Land Transfer Tax:$8,455
Total Estimated Closing Taxes:$8,455

About Purchasing a Home in Springwater, ON

For a property listed at $599,000 in Springwater, the legal minimum down payment is $34,900 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 $8,455 for this transaction. As this listing is in Springwater (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Midhurst, Springwater.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,301,863

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.