38 Riness Drive, Thames Centre, ON

$849,900
MLS#:X9284217
3 beds
3 baths
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 10, 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 Dorchester. Expertly crafted featuring premium brick and vinyl siding 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 3 Bathrooms
  • Premium 61.38 x 131.23 ft lot size
  • Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, ERV/HRV, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this tremendous opportunity to own an Executive one floor with 3 bedrooms, 3 bathrooms and a stately presence in this upscale main floor design. As you enter the generous foyer you will notice the formal dining area, 12 foot ceilings in the large living room with gas fireplace and expansive windows along the back with access to the covered patio which can also be accessed from the primary bedroom and eat in kitchen. This open concept main floor offers a very well laid out kitchen with working island, separate pantry, granite counter tops, loads of cabinetry space and access to the large covered patio. The primary bedroom has a custom shower with sitting bench, water closet and double sinks plus walk in closet and access once again to the covered patio for those warm summer evenings. Quality flooring throughout, main floor laundry offers access to garage with man door, partially finished lower with generous family room, bedroom and full bathroom plus tons of storage and lifebreath system.

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Property Summary

This detached home located at 38 Riness Drive, Thames Centre is currently for sale and has been available on SousaSells for 686 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 3 beds, 3 bathrooms, and is unknown square feet. 38 Riness Drive, Thames Centre is in the Dorchester neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 10, 2024
Sold price information is available to members only
Listed Date8/30/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementPartially Finished, Full
Lot Size61.38 × 131.23 Feet
CountyMiddlesex
Annual Tax$4,255
Legal DescriptionLOT 80, PLAN 33M-516, S/T EASE OVER PART 14, PLAN 33R-16131 AS IN ER359388; THAMES CENTRE

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Wooded/Treed

Interior Features

Auto Garage Door Remote, ERV/HRV, Primary Bedroom - Main Floor, Water Heater

Security Features

Community Features

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Location

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38 Riness Drive, Thames Centre, 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 38 Riness Drive, Thames Centre, ON N0L 1G0

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 Thames Centre.

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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 Thames Centre, ON

For a property listed at $849,900 in Thames Centre, 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 Thames Centre (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 Dorchester, Thames Centre.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$892,050

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.