7 Riness Drive, Thames Centre, ON

$899,900
MLS#:X11901268
4 beds
3 baths
2500-3000 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Dorchester. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,900 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 3 Bathrooms
  • Generous living space spanning 2500-3000 sqft on a premium 81.9 x 110.18 ft lot
  • Features a 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: Bar Fridge, In-Law Capability, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 7 Riness Drive, a charming bungalow nestled in the vibrant community of Dorchester. This delightful home features inviting curb appeal and a well-maintained yard, perfect for outdoor gatherings or quiet relaxation. Inside, you'll find spacious living areas that flow seamlessly from the bright and airy living room to the dining area, creating an ideal space for entertaining. The functional kitchen offers ample counter space and storage, catering to culinary enthusiasts. One of the standout features of this property is the fully finished basement, complete with a side entrance that opens up exciting possibilities for an in-law suite or additional living space. The main level boasts cozy bedrooms filled with natural light, providing peaceful retreats. Located in a friendly neighborhood with easy access to parks, schools, shopping, and public transport, this home combines convenience with a strong sense of community. Don't miss out on this opportunity to own a charming bungalow with endless potential!

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Property Summary

This detached home located at 7 Riness Drive, Thames Centre is currently for sale and has been available on SousaSells for 565 days. This property is listed at $899,900 with an estimated mortgage of $2,995* per month. It has 4 beds, 3 bathrooms, and is 2500-3000 square feet. 7 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
4
Bathrooms
3
Kitchens
1
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 3, 2025
Sold price information is available to members only
Listed Date12/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFinished, Full
Lot Size81.9 × 110.18 Feet
CountyMiddlesex
Annual Tax$4,200
Legal DescriptionLOT 99, PLAN 33M-516, THAMES CENTRE.

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Park, School

Interior Features

Bar Fridge, In-Law Capability, Primary Bedroom - Main Floor, Water Treatment

Security Features

Community Features

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Location

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7 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 7 Riness Drive, Thames Centre, ON N0L 1G3

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$269,970 (30.0%)
* Minimum Canadian down payment required for this price is $64,990.
Amortization Period30 Years
Estimated Monthly Payment$2,995Based on a loan of $629,930 over 30 years.
Purchase Price$899,900
Loan Amount$629,930
Provincial Land Transfer Tax:$14,473
Total Estimated Closing Taxes:$14,473

About Purchasing a Home in Thames Centre, ON

For a property listed at $899,900 in Thames Centre, the legal minimum down payment is $64,990 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 $14,473 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 $14,473.

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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.