140 Ritchie Crescent, Springwater, ON

$829,500
MLS#:S12311908
2 beds
2 baths
1100-1500 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 24, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Elmvale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $829,500 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 12.8 x 30.78 ft lot
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, ERV/HRV, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

***OPEN HOUSE SAT AUG 23, 12-2 PM*** Step into this immaculate, move-in-ready home that blends comfort, style, and thoughtful upgrades throughout. Featuring 9-foot ceilings on the main floor, engineered hardwood flooring, upgraded lighting, and a neutral designer palette, this home offers both elegance and everyday functionality. The modern kitchen is a chefs dream, complete with a center island with integrated sink and dishwasher, quartz countertops, and stainless-steel Frigidaire appliances. The open-concept living space includes a custom-built entertainment center with a clever hidden drawer in the fireplace mantle, perfect for keeping remotes out of sight. The bedrooms boast custom decorative millwork, while the spacious primary suite includes a walk-in closet and a stylish 3-piece ensuite featuring a spacious glass shower, that includes a rainfall shower head. Enjoy outdoor living with a fully fenced yard, stone walkway, garden space, a deck equipped with a natural gas BBQ hookup, and a paved driveway. The full basement offers incredible potential, ideal for a future rec room, home gym, office or an in-law suite. The finished, insulated double-car garage is a standout feature, complete with gas furnace, utility sink, insulated garage doors and an epoxy floor finish, perfect for year-round use. Set on a premium lot backing onto peaceful farm fields, this home offers the tranquility of small-town living with the convenience of modern amenities. Located in the welcoming, family-friendly community of Elmvale, 140 Ritchie Crescent is ready to welcome you home.

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Property Summary

This detached home located at 140 Ritchie Crescent, Springwater is currently for sale and has been available on SousaSells for 353 days. This property is listed at $829,500 with an estimated mortgage of $2,761* per month. It has 2 beds, 2 bathrooms, and is 1100-1500 square feet. 140 Ritchie Crescent, Springwater is in the Elmvale neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 24, 2025
Sold price information is available to members only
Listed Date7/28/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementPartially Finished
Lot Size12.8 × 30.78 Metres
CountySimcoe
Annual Tax$2,944
Legal DescriptionLOT 6, PLAN 51M1186 SUBJECT TO AN EASEMENT IN GROSS OVER PART 3 ON PLAN 51R42532 AS IN SC1692618 TOWNSHIP OF SPRINGWATER

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Library, Place Of Worship, Rec./Commun.Centre, School

Interior Features

Auto Garage Door Remote, ERV/HRV, Primary Bedroom - Main Floor, Storage, Sump Pump, Water Heater

Security Features

Community Features

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Location

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140 Ritchie 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 140 Ritchie Crescent, Springwater, ON L0L 1P0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$248,850 (30.0%)
* Minimum Canadian down payment required for this price is $57,950.
Amortization Period30 Years
Estimated Monthly Payment$2,761Based on a loan of $580,650 over 30 years.
Purchase Price$829,500
Loan Amount$580,650
Provincial Land Transfer Tax:$13,065
Total Estimated Closing Taxes:$13,065

About Purchasing a Home in Springwater, ON

For a property listed at $829,500 in Springwater, the legal minimum down payment is $57,950 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 $13,065 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 $13,065.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$802,942

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.