108 Rugman Crescent, Springwater, ON

$1,399,000
MLS#:S8437646
7 beds
7 baths
7.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Centre Vespra. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,399,000 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.

  • 7 Bedrooms and 7 Bathrooms with 2 functional kitchens
  • Premium 62.01 x 141 ft lot size
  • Features a finished, separate entrance 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: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Gorgeous Brand-New 5BR, 5 WR, 4011 SF (above grade) plus 1400 Sq ft LEGAL SECOND DWELLING finished basement WITH RENTAL INCOME POTENTIAL OF $2200 PER MONTH, Fully Furnished Detached Home in prestigious Stone manor Woods of Springwater. Second Dwelling in the Basement has 2 Bedrooms Plus 1 Den,Family Room, Full Kitchen & 2 Full WRs with Separate Laundry & separate entrance from the front of home, Large Basement Windows. This house has very functional layout with spacious living space, lots of sunlight, contemporary open concept layout & is Loaded with upgrades and LED Pot Lights, Quartz Counters in Kitchen and all the Washrooms, Roller Shades, House has 3 OAK Stairs ,All Washroom has Custom Glass showers & Quartz C/Top, Usable Balcony. All Bedrooms come with Custom-made Walk-in Closets & Organizers. This House come with large size Living & Dinning Rooms. Very Spacious Kitchen has an inviting huge Breakfast Area & Large Size Family room w/Gas Fireplace. Main floor has a Den/Library. House has 3 Garages with door & openers. . All BRAND NEW FURNITURES SHOWN IN THE PICTURES FOR EACH ROOM IS INCLUDED IN THE ASKING PRICE.MUST VIEW THE PROPERTYExtras:2 Stainless Steel Fridge,ONE S/S Gas Stoves, One S/S electric Stove,S/S Kitchen Hood,Microwave,1 Kitchen Hood Cum Microwave,2 Washer & 2 Dryer,2 S/SDish Washers, Central A/C, All Furnitures comes with the house except 2 Kitchen Island Chairs.

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Property Summary

This detached home located at 108 Rugman Crescent, Springwater is currently for sale and has been available on SousaSells for 759 days. This property is listed at $1,399,000 with an estimated mortgage of $4,657* per month. It has 7 beds, 7 bathrooms, and is unknown square feet. 108 Rugman Crescent, Springwater is in the Centre Vespra neighborhood.

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

Key Features

Bedrooms
7
Bathrooms
7
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 20, 2024
Sold price information is available to members only
Listed Date6/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished, Separate Entrance
Lot Size62.01 × 141 Feet
CountySimcoe
Annual Tax$6,298.56
Legal DescriptionLOT 61, PLAN 51M1147 SUBJECT TO AN EASEMENT FOR EN

Parking & Garage

Parking Spaces7.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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108 Rugman Crescent, 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 108 Rugman Crescent, Springwater, ON L9X 2A5

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.

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Interest Rate4.00%
Down Payment$419,700 (30.0%)
* Minimum Canadian down payment required for this price is $279,800.
Amortization Period30 Years
Estimated Monthly Payment$4,657Based on a loan of $979,300 over 30 years.
Purchase Price$1,399,000
Loan Amount$979,300
Provincial Land Transfer Tax:$24,455
Total Estimated Closing Taxes:$24,455

About Purchasing a Home in Springwater, ON

For a property listed at $1,399,000 in Springwater, the legal minimum down payment is $279,800 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 $24,455 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 $24,455.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,316,884

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.