176 Spence Drive, Strathroy-Caradoc, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised semi-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 $499,999 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 33.08 x 115.3 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: In-Law Capability, In-Law Suite, Accessory Apartment
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Live in this beautifully handcrafted semi-detached, with an income helper from the lower level of $1650 per month OR this could be a Turnkey 8.2 Cap Investment Property ($46,200 in projected rental income)! No matter what way you look at this semi-detached with no condo fees, this offering is like no other in the town of Strathroy. This property just underwent a stunning renovation top to bottom, boasting meticulously craftmanship and it offers a 1-bedroom in-law suite in the basement, with its own separate entrance off the back of the house. The upper level features an open concept island white kitchen with quartz counters, LVP flooring, which is scratch proof and waterproof, perfect for kids and pets. It also has its own private laundry hook up, located in a bedroom closet. The lower-level gleams with an abundance of natural light, due to the large windows throughout, no dingy basement here! The one-bedroom basement suite also offers a very spacious layout being almost 1000 sq ft and comes with its own private entrance and includes laundry as well. Do not miss an incredibly rare offering in the town of Strathroy. Offers being reviewed July 3rd at 2:00pm.
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Property Summary
This detached home located at 176 Spence Drive, Strathroy-Caradoc is currently for sale and has been available on SousaSells for 750 days. This property is listed at $499,999 with an estimated mortgage of $1,664* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 176 Spence Drive, Strathroy-Caradoc is in the SW neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Parking & Garage
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In-Law Capability, In-Law Suite, Accessory Apartment
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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 176 Spence Drive, Strathroy-Caradoc, ON N7G 3T5
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 Strathroy-Caradoc, ON
For a property listed at $499,999 in Strathroy-Caradoc, 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 Strathroy-Caradoc (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.