45 Lake Margaret Trail, Unit 1, St. Thomas, ON
Property no longer active
This property was sold on July 4, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow vacant land condo located in the coveted neighborhood of St. Thomas. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $500,000 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 1200-1399 sqft
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Primary Bedroom - Main Floor, Rough-In Bath, Sump Pump
- Efficient forced air heating via gas
Description
Wonderful Bungalow with Single Car Garage located in Lake Margaret Station! This well-maintained 2 Bedroom, 1 Bathroom home is located in a quiet enclave close walking distance to Lake Margaret, walking trails, Jim Waite Park and a quick 12 minute drive to Port Stanley. The open-concept Main Level has a well-appointed Kitchen which overlooks the Dining Area and Living Room with cozy gas fireplace. The Primary Bedroom is nicely tucked away nearby the 4-piece Bathroom while the 2nd Bedroom could be used as the perfect Home Office or Den. Includes Main Floor Laundry. Outside, there is a Sundeck with privacy fence in a very nice setting. The Basement is unfinished and roughed-in for a Bathroom. Recent updates include: furnace & A/C (2018), roof (2022), attic insulation (2023) and sump pump (2025). Low condo fees include grounds maintenance, grass cutting, snow removal of drive and walkway to your door and more! See multimedia link for 3D walkthrough tour and floor plans. Don't miss this great opportunity!
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Property Summary
This condo apartment located at 45 Lake Margaret Trail, St. Thomas is currently for sale and has been available on SousaSells for 460 days. This property is listed at $500,000 with an estimated mortgage of $1,664* per month. It has 2 beds, 1 bathroom, and is 1200-1399 square feet. 45 Lake Margaret Trail, St. Thomas is in the St. Thomas neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Lake/Pond, Park, School
Interior Features
Primary Bedroom - Main Floor, Rough-In Bath, Sump Pump, Water Heater, Storage
Security Features
None
Community Features
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Location
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 45 Lake Margaret Trail 1, St. Thomas, ON N5R 6M5
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 St. Thomas, ON
For a property listed at $500,000 in St. Thomas, the legal minimum down payment is $25,000 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 $6,475 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 $6,475.
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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.