107.5 ERIE Street, St. Thomas, ON

$424,990
MLS#:X9379951
2 beds
1 baths
700-1100 sqft
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 11, 2024. 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 SW. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $424,990 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 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 34.97 x 119.58 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Whether you want to buy your first home or are looking to downsize, this is the right fit for you. This move-in ready home only needs a few touches to make it yours. Featuring 2 bedrooms on the main level, living room open to the dining room and a fully finished basement. The level and well cared back yard is perfect for entertaining with a covered patio a few steps away from the deck with gazebo. The well built brick garage can hold your toys, tools or second car making the mutual drive a breeze to handle. So come and make this beauty yours today!

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Property Summary

This detached home located at 107.5 ERIE Street, St. Thomas is currently for sale and has been available on SousaSells for 654 days. This property is listed at $424,990 with an estimated mortgage of $1,415* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 107.5 ERIE Street, St. Thomas is in the SW neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 11, 2024
Sold price information is available to members only
Listed Date10/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementFinished
Lot Size34.97 × 119.58 Feet
CountyElgin
Annual Tax$2,157
Legal DescriptionPT LT 7 PL 203 ST. THOMAS AS IN E372005; S/T E372005 EXCEPT T/W THEREIN; S/T INTEREST IN E372005;

Parking & Garage

Parking Total2.0
Parking Space1
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Arts Centre, Fenced Yard, Hospital, Level, Park, Place Of Worship

Interior Features

None

Security Features

Community Features

Location

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107.5 ERIE Street, St. Thomas, 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 107.5 ERIE Street, St. Thomas, ON N5R 2N1

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 St. Thomas.

Configure Loan Settings

Interest Rate4.00%
Down Payment$127,497 (30.0%)
* Minimum Canadian down payment required for this price is $21,250.
Amortization Period30 Years
Estimated Monthly Payment$1,415Based on a loan of $297,493 over 30 years.
Purchase Price$424,990
Loan Amount$297,493
Provincial Land Transfer Tax:$4,975
Total Estimated Closing Taxes:$4,975

About Purchasing a Home in St. Thomas, ON

For a property listed at $424,990 in St. Thomas, the legal minimum down payment is $21,250 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 $4,975 for this transaction. As this listing is in St. Thomas (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,975.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for SW, St. Thomas.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$446,995

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

Forest Park
Public295 Forest Avenue, St. Thomas, Ontario, N5R 2K5
2.6
St. Anne's
Catholic84 Park Avenue, St. Thomas, Ontario, N5R 4W1
5.5
Elgin Court
Public254 First Avenue, St. Thomas, Ontario, N5R 4P5
4.3
John Wise
Public100 Parkside Drive, St. Thomas, Ontario, N5R 3T9
4.4
Monsignor Morrison
Public10 South Edgeware Road, St. Thomas, Ontario, N5P 2H2
4.6

Secondary Schools

No secondary schools data loaded.

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.