1285 Bayfield Street, Springwater, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Midhurst. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,699,900 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.
- 0 Bedrooms and 5 Bathrooms
- Premium 197 x 297 ft lot size
- equipped with partial central cooling and highly efficient gas forced air open heating
Description
Located in the thriving municipality of Springwater, 1285 Bayfield Street North presents a prime investment opportunity with the potential to generate over $130,000 in net annual income when fully leased. Situated just minutes from Highway 400 and Bayfield Street, this 1.305-acre property offers excellent visibility and accessibility and is zoned CG - General Commercial, making it ideal for a broad range of uses including storage, retail, and other commercial operations. The site also offers strong owner-user potential, allowing an occupier to run their own business while benefiting from additional rental income. Featuring a 6,163 SF commercial building currently owner/tenant occupied, the property provides immediate income or flexibility for future use. Strategically located at the intersection of Bayfield Street and Snow Valley Road-an area targeted for higher-order retail and employment-generating development under the Midhurst Settlement Area Secondary Plan-the property is designated for Commercial/Mixed Use, delivering both strong short-term cash flow and long-term redevelopment potential.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1285 Bayfield Street N, Springwater, ON L9X 0P1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Springwater, ON
For a property listed at $1,699,900 in Springwater, the legal minimum down payment is $339,980 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 $30,473 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 $30,473.
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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.