Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Terrace Bay. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $225,000 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.
34 Terrace Heights Drive is a beautiful bungalow set on an oversized lot surrounded by mature trees and lush greenery--offering a peaceful setting with plenty of space to relax and host. Step inside to a versatile front entry space that serves perfectly as a mudroom, cozy reading nook, sitting area, or additional storage space for busy family living. The inviting kitchen is fully equipped with modern appliances, ample cabinetry, generous counter space, and a convenient eat-in counter ideal for casual meals, morning coffee, or entertaining guests. The adjoining living room is bright and spacious, creating a welcoming atmosphere with direct access to the front deck, making indoor-outdoor living effortless during the warmer months. The main level also features two bedrooms and a full 4pce bathroom. Downstairs, the basement expands your living space with a large finished rec room complete with a pool table, making it the perfect spot for movie nights, family gatherings, and game nights. And, you have a convenient 3-piece bathroom with ceramic tile flooring. A laundry room and bonus room complete the lower level. One of the standout features of this home is the incredible sunroom, filled with natural light from an abundance of windows and offering beautiful views of the surrounding yard. Complete with a relaxing hot tub, this space provides the ultimate year-round retreat where you can unwind in comfort regardless of the season. Outside, the property continues to impress with a fully fenced backyard and a wraparound deck perfect for lounging or barbecuing. Additional exterior features include two storage sheds, a massive detached 2-car garage, as well as ample parking. From the moment you arrive, this property showcases warmth, charm, and functionality both inside and out.
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Data-driven valuation for 34 Terrace Heights Drive, Terrace Bay, ON P0T 2W0
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Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Terrace Bay.
About Purchasing a Home in Terrace Bay, ON
For a property listed at $225,000 in Terrace Bay, the legal minimum down payment is $11,250 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 $1,975 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 $1,975.
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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.