2383 Reeves Road, Tay, ON

$624,500
MLS#:S8467878
4 beds
2 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on July 26, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Rural Tay. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $624,500 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
  • Generous living space spanning 1500-2000 sqft on a premium 65 x 653 ft lot
  • Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Sump Pump, Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

Top 5 Reasons You Will Love This Home: 1) Newly renovated four-bedroom home situated on just under 1-acre with a fully fenced property providing ample space for enjoying country living while still having easy access to local amenities, a short bike ride to Georgian Bay, and under 10 minutes to all the town restaurants and shopping 2) Renovations include a new septic system (2020), a new roof, upgraded insulation, a spray-foamed basement, an electrical panel, and a propane furnace 3) Bright kitchen with shaker-style cabinetry with soft-close drawers, quartz countertops, and a convenient breakfast bar, perfect for entertaining 4) Added peace of mind of two stylishly finished bathrooms to feel spoiled while meeting all family needs 5) The attached garage with inside access into the home is situated next to a sizeable driveway with additional parking for three cars, providing added convenience for visitors. Age 76. Visit our website for more detailed information.

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Property Summary

This detached home located at 2383 Reeves Road, Tay is currently for sale and has been available on SousaSells for 760 days. This property is listed at $624,500 with an estimated mortgage of $2,079* per month. It has 4 beds, 2 bathrooms, and is 1500-2000 square feet. 2383 Reeves Road, Tay is in the Rural Tay neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 26, 2024
Sold price information is available to members only
Listed Date6/21/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionVinyl Siding
BasementPartial Basement, Unfinished
Lot Size65 × 653 Feet
CountySimcoe
Annual Tax$3,115
Legal DescriptionPT W1/2 LT 12 CON 6 TAY AS IN RO1377632; TAY

Parking & Garage

Parking Total4.0
Parking Space3
Garage TypeAttached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, School Bus Route

Interior Features

Sump Pump, Water Heater Owned

Security Features

Community Features

Location

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2383 Reeves Road, Tay, 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 2383 Reeves Road, Tay, ON L0K 2A0

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.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Tay.

Configure Loan Settings

Interest Rate4.00%
Down Payment$187,350 (30.0%)
* Minimum Canadian down payment required for this price is $37,450.
Amortization Period30 Years
Estimated Monthly Payment$2,079Based on a loan of $437,150 over 30 years.
Purchase Price$624,500
Loan Amount$437,150
Provincial Land Transfer Tax:$8,965
Total Estimated Closing Taxes:$8,965

About Purchasing a Home in Tay, ON

For a property listed at $624,500 in Tay, the legal minimum down payment is $37,450 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 $8,965 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 $8,965.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Tay, Tay.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$934,968

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

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Secondary Schools

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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.