24 Loftus Road, Springwater, ON

$1,999,999
MLS#:S9241794
6 beds
5 baths
2000-2500 sqft
15.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Phelpston. Expertly crafted featuring premium stone and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,999,999 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.

  • 6 Bedrooms and 5 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 184.35 x 396.02 ft lot
  • Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 15.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Atrium, In-Law Suite
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

** Rare opportunity awaits in Apto Glen Estates with this beautifully maintained custom-built home featuring ICF construction on just under 2 acres. The resort-style backyard is a highlight, complete with a saltwater pool, hot tub, water features, massive pool house, immaculate landscaping & hardscape, surround sound speakers, and lighting throughout, all less than 2 years old. Inside the main floor spans 2346 sq ft of living space boasting a custom surround sound speaker system worth approximately $80,000. This stunning home features 3 bedrooms, 3 bathrooms, cathedral ceilings, and an open concept layout. The open concept kitchen with island overlooks the living room with a gas fireplace and walkout to the deck with beautiful views of the pool. Access to the 3-car garage on both levels adds convenience. Additionally, a separate entrance provides excellent potential for a nanny or in-law suite with 1,800 sq ft of living space, 3 bedrooms, 2 bathrooms, including a beautiful second kitchen in the lower level and second laundry. This home offers a unique blend of luxury, functionality, and privacy in a highly sought-after neighbourhood.

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Property Summary

This detached home located at 24 Loftus Road, Springwater is currently for sale and has been available on SousaSells for 709 days. This property is listed at $1,999,999 with an estimated mortgage of $6,657* per month. It has 6 beds, 5 bathrooms, and is 2000-2500 square feet. 24 Loftus Road, Springwater is in the Phelpston neighborhood.

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

Key Features

Bedrooms
6
Bathrooms
5
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 19, 2024
Sold price information is available to members only
Listed Date8/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionStone, Stucco (Plaster)
BasementFinished with Walk-Out, Separate Entrance
Lot Size184.35 × 396.02 Feet
CountySimcoe
Annual Tax$7,512.84
Legal DescriptionLot 18, Plan 51M837; S/T Easement For Entry As **

Parking & Garage

Parking Spaces15.0
Garage Spaces12
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Lake/Pond, School, Skiing, Wooded/Treed

Interior Features

Atrium, In-Law Suite

Security Features

Community Features

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Location

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24 Loftus Road, 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 24 Loftus Road, Springwater, ON L0L 2K0

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.

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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$600,000 (30.0%)
* Minimum Canadian down payment required for this price is $400,000.
Amortization Period30 Years
Estimated Monthly Payment$6,657Based on a loan of $1,399,999 over 30 years.
Purchase Price$1,999,999
Loan Amount$1,399,999
Provincial Land Transfer Tax:$36,475
Total Estimated Closing Taxes:$36,475

About Purchasing a Home in Springwater, ON

For a property listed at $1,999,999 in Springwater, the legal minimum down payment is $400,000 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 $36,475 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 $36,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,791,326

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.