116 RICHARD Street, Tay, ON
Property no longer active
This property was sold on June 19, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Victoria Harbour. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $499,900 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.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 66 x 114 ft lot
- Features a unfinished, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: In-Law Capability, Separate Hydro Meter
- Efficient baseboard heating via electric
Description
Fantastic opportunity to own a legal triplex in a great central location ideal for multigenerational living or income generation. Live in one unit and rent the other two to offset costs, or house extended family with privacy for all. Just 20 minutes to Barrie, Orillia, and Midland, and steps from beautiful Georgian Bay with beach access and a nearby boat launch. Enjoy fishing, cycling, or nature walks along the scenic Tay Shore Trail. Unit 1 (main floor) is a bright 1-bedroom. Unit 2 features 2 bedrooms, in-suite laundry, a spacious living room, and walkout to a rear deck and yard. Unit 3 spans the upper floor with 3 bedrooms and private laundry. A smart investment in lifestyle and potential--priced to sell, don't miss it!
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Property Summary
This triplex located at 116 RICHARD Street, Tay is currently for sale and has been available on SousaSells for 432 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 6 beds, 3 bathrooms, and is 2000-2500 square feet. 116 RICHARD Street, Tay is in the Victoria Harbour neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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In-Law Capability, Separate Hydro Meter
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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 116 RICHARD Street, Tay, ON L0K 2A0
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 Tay, ON
For a property listed at $499,900 in Tay, the legal minimum down payment is $24,995 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 $6,473 for this transaction. As this listing is in Tay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,473.
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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.