29 Parkway Place, Terrace Bay, ON
Property Highlights
Welcome to this remarkable Other detached located in the coveted neighborhood of Terrace Bay. Expertly crafted featuring premium vinyl siding and unknown construction, this residence presents an exceptional opportunity offered at $109,900 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.
- 4 Bedrooms and 1 Bathroom
- Premium 65.62 x 115 ft lot size
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- Notable attributes: Other
- equipped with other central cooling and highly efficient forced air heating via electric
Description
Affordable bi-level living just steps from the shores of Lake Superior! This 2+2-bedroom home offers plenty of space for family or guests, featuring a functional layout with a bright kitchen, separate dining area, and comfortable living spaces on both levels. The property is set on a nice lot in the charming town of Terrace Bay, a friendly northern community known for its small-town spirit, outdoor recreation, and stunning natural beauty. Enjoy life near the incredible Terrace Bay Beach; one of the largest sandy beaches on Lake Superior, where you can swim, kayak, or simply relax and take in the breathtaking views of the lake and Slate Islands. Whether you're looking for your first home, a retirement retreat or a weekend getaway, this property offers an affordable opportunity to enjoy peaceful lakeside living in one of Northwestern Ontario's most scenic communities. Visit www.century21superior.com for more info and pics.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 29 Parkway Place, Terrace Bay, ON P0T 2W0
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About Purchasing a Home in Terrace Bay, ON
For a property listed at $109,900 in Terrace Bay, the legal minimum down payment is $5,495 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 $824 for this transaction. As this listing is in Terrace Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $824.
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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.