5 Corbett Street, Springwater, ON

$759,988
MLS#:S12358462
2 beds
3 baths
1100-1500 sqft
5.0 parking
Residential Freehold
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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 $759,988 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 3 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 59.06 x 101.61 ft lot
  • Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Built-In Oven, Central Vacuum, Auto Garage Door Remote
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled in the heart of the historic and welcoming village of Elmvale, famed for its vibrant community spirit and beloved annual Fall Fair, this beautifully updated bungalow offers the perfect blend of small-town living and upgrades.Step inside to discover a thoughtfully designed main floor featuring two spacious bedrooms and two bathrooms, including a freshly renovated ensuite that feels like a private retreat. The highlight of the home is without question the stunning new kitchen complete with a centre island, quartz countertops, stainless steel appliances, pot lights, central light fixtures, and an abundance of cabinetry. Its the perfect space to cook, gather, and entertain.The main level also features updated flooring, a cozy fireplace with built-ins for storage, and the convenience of main-floor laundry with direct inside access to the garage. From the upgraded back deck, enjoy your private sun-shaded seating area, perfect for soaking up summer evenings or hosting BBQs with friends and family.Downstairs, the partially finished basement offers incredible versatility with a huge rec room, built-in storage, a fireplace, and plenty of seating space. There's also a 2-piece bath, a den ideal for gamers, a stylish office, or a teensprivate hideaway, plus an additional unfinished space with a window that could easily become a third bedroom.Peace of mind comes with the new roof shingles (2025) and the convenience of an EV charger ready to power your electric vehicle.This move-in ready home is brimming with updates and designed for both comfort and lifestyle. If you've been dreaming of a home in a true community village where neighbours still wave, and local traditions run deep - Elmvale is calling.

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Property Summary

This detached home located at 5 Corbett Street, Springwater is currently for sale and has been available on SousaSells for 328 days. This property is listed at $759,988 with an estimated mortgage of $2,530* per month. It has 2 beds, 3 bathrooms, and is 1100-1500 square feet. 5 Corbett Street, 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
3
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 29, 2025
Sold price information is available to members only
Listed Date8/22/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFull, Partially Finished
Lot Size59.06 × 101.61 Feet
CountySimcoe
Annual Tax$3,090
Legal DescriptionLOT 48, PLAN 51M877, SPRINGWATER

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Electric Car Charger, Fenced Yard

Interior Features

Built-In Oven, Central Vacuum, Auto Garage Door Remote, Primary Bedroom - Main Floor

Security Features

Community Features

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Location

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5 Corbett Street, 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 5 Corbett Street, 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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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.

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Interest Rate4.00%
Down Payment$227,996 (30.0%)
* Minimum Canadian down payment required for this price is $50,999.
Amortization Period30 Years
Estimated Monthly Payment$2,530Based on a loan of $531,992 over 30 years.
Purchase Price$759,988
Loan Amount$531,992
Provincial Land Transfer Tax:$11,675
Total Estimated Closing Taxes:$11,675

About Purchasing a Home in Springwater, ON

For a property listed at $759,988 in Springwater, the legal minimum down payment is $50,999 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 $11,675 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 $11,675.

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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.