7 Ripley Lane, St. Thomas, ON
Property no longer active
This property was sold on January 16, 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 St. Thomas. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $549,000 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 40 x 100 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Auto Garage Door Remote, Floor Drain, In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 7 Ripley Lane, St. Thomas, located within a 5 minute walk to the Elgin Center, a 5 minute drive to access to Highbury, and a ten minute drive to the new Volkswagen Battery Plant. This well built 3 bedroom bungalow features some beautiful maple strip hardwood in living, dining, and primary bedroom, large windows providing tons of light, and side door entrance that allows direct access to the lower level, providing a great opportunity, with some minor renovation, to offset the mortgage with an income suite. For those of you that love wood, the vintage slab wood doors, trim, and baseboards offer super easy care; for those of you that like an more modern look, a refresh with some white paint could be an option to lighten things up. Outside a screened in carport and fully fenced backyard are great for your small kids or furry friends, or just enjoying your coffee in inclement weather. Please note, both the dishwasher on main level, and gas fireplace on lower level are not operational, but everything else is move-in ready.
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Property Summary
This detached home located at 7 Ripley Lane, St. Thomas is currently for sale and has been available on SousaSells for 612 days. This property is listed at $549,000 with an estimated mortgage of $1,827* per month. It has 3 beds, 2 bathrooms, and is 2000-2500 square feet. 7 Ripley Lane, 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
Fenced Yard, Hospital, Place Of Worship, Public Transit, School Bus Route
Interior Features
Auto Garage Door Remote, Floor Drain, In-Law Capability, Water Heater
Security Features
Carbon Monoxide Detectors
Community Features
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 7 Ripley Lane, St. Thomas, ON N5R 5X1
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 $549,000 in St. Thomas, the legal minimum down payment is $29,900 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 $7,455 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 $7,455.
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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.