473 SHERBROOKE Drive, Tay Valley, ON

$849,900
MLS#:X9447236
3 beds
1 baths
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 6, 2024. 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 905 - Bathurst/Burgess & Sherbrooke (South Sherbrooke) Twp. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $849,900 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.

  • 3 Bedrooms and 1 Bathroom
  • Premium 120 x 150 ft lot size
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient other configuration
  • equipped with window unit(s) central cooling and highly efficient baseboard heating via electric

Description

Flooring: Vinyl, Welcome to your year round dream getaway, perfectly situated on the serene shores of Bobs Lake. With over 800km of pristine shoreline to explore, this exceptional property offers endless opportunities for outdoor fun and relaxation. The three bedroom, four season cottage has been full renovated in the last 5 years and provides modern comfort for every season. Stainless steel appliances, beautiful granite countertops, and luxury vinyl flooring throughout, this cottage combines elegance and functionality. Take in the breathtaking views from your large, private deck, ideal for entertaining or simply unwinding with a good book. The bunkie is a versatile space for guests or a dedicated games cabin, ensuring fun and relaxation for all. Enjoy over 120 feet of deep, clean shoreline with coveted southern exposure, perfect for swimming, boating, and soaking up the sun. Lakeside shed equipped with hydro and a bar area overlooking the convenient and stylish dock system. Only 15 mins to Westport!

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Property Summary

This detached home located at 473 SHERBROOKE Drive, Tay Valley is currently for sale and has been available on SousaSells for 724 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 3 beds, 1 bathroom, and is unknown square feet. 473 SHERBROOKE Drive, Tay Valley is in the 905 - Bathurst/Burgess & Sherbrooke (South Sherbrooke) Twp neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 22, 2024
Sold price information is available to members only
Listed Date7/23/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementPartially Finished
Lot Size120 × 150
CountyLanark
Annual Tax$3,302
Legal DescriptionLot 3 Plan 1 South Sherbrooke Ward Tay Valley Township County of Lanark

Parking & Garage

Parking Spaces6.0
Garage TypeOther

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingWindow Unit(s)

Features

Property Features

Waterfront, Waterfront

Interior Features

Security Features

Community Features

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Location

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473 SHERBROOKE Drive, Tay Valley, 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 473 SHERBROOKE Drive, Tay Valley, ON K0H 2B0

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.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$254,970 (30.0%)
* Minimum Canadian down payment required for this price is $59,990.
Amortization Period30 Years
Estimated Monthly Payment$2,829Based on a loan of $594,930 over 30 years.
Purchase Price$849,900
Loan Amount$594,930
Provincial Land Transfer Tax:$13,473
Total Estimated Closing Taxes:$13,473

About Purchasing a Home in Tay Valley, ON

For a property listed at $849,900 in Tay Valley, the legal minimum down payment is $59,990 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 $13,473 for this transaction. As this listing is in Tay Valley (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 905 - Bathurst/Burgess & Sherbrooke (South Sherbrooke) Twp, Tay Valley.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$526,241

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.