22 LORRAINE Avenue, Tillsonburg, ON

$629,900
MLS#:X10745266
4 beds
2 baths
700-1100 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 29, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Tillsonburg. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $629,900 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 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 65 x 150 ft lot
  • Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Water Treatment, Water Heater Owned, Water Softener
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This lovely raised bungalow is situated on a quiet street in Rolling Meadows Subdivision. 22 Lorraine Ave is a must see if you like mature trees, great neighbors, and a lovely, charming home with a large fully fenced backyard. This home features 4 bedrooms, 3 upstairs and 1 in the lower level which also could be a bonus room for whatever you desire. Open concept kitchen with newer quartz countertop and extra deep kitchen sink, living room, and dining area with beautiful newer luxury vinyl plank flooring throughout this home. The bedrooms are all nice size with lots of natural light. 4 piece bath on main level plus 3 pc bath on lower level with laundry included. There is tons of storage space available. The large rec room has ample amount of natural lighting with large windows and tons of room for entertaining plus a cozy nook for a computer corner, artist corner, etc. Enjoy the newly built deck and gazebo with your friends and family. Awesome for BBQs and gatherings. The back yard is one that your kids will love, tons of room to freely play, add a pool for those hot summer days or relax in the hammock under the mature trees. Back behind the fence is an extra piece of your property plus beyond that is NOBODY but peace and quiet and sounds of nature. Excellent play house for the kids with newer shingles, has been converted into storage but easy enough to convert back, plus another shed with small workshop and storage area. The highlights of this property could go on and on. This home is great for the expanding family.

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Property Summary

This detached home located at 22 LORRAINE Avenue, Tillsonburg is currently for sale and has been available on SousaSells for 718 days. This property is listed at $629,900 with an estimated mortgage of $2,097* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 22 LORRAINE Avenue, Tillsonburg is in the Tillsonburg neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/29/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionVinyl Siding, Brick
BasementFinished, Full
Lot Size65 × 150 Feet
CountyOxford
Annual Tax$2,922.6
Legal DescriptionPART LOTS 10 & 11, PLAN M37, DESIGNATED AS PART 2, 41R5315 TILLSONBURG

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Hospital, Fenced Yard

Interior Features

Water Treatment, Water Heater Owned, Water Softener

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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22 LORRAINE Avenue, Tillsonburg, 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 22 LORRAINE Avenue, Tillsonburg, ON N4G 4V3

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 Tillsonburg.

Configure Loan Settings

Interest Rate4.00%
Down Payment$188,970 (30.0%)
* Minimum Canadian down payment required for this price is $37,990.
Amortization Period30 Years
Estimated Monthly Payment$2,097Based on a loan of $440,930 over 30 years.
Purchase Price$629,900
Loan Amount$440,930
Provincial Land Transfer Tax:$9,073
Total Estimated Closing Taxes:$9,073

About Purchasing a Home in Tillsonburg, ON

For a property listed at $629,900 in Tillsonburg, the legal minimum down payment is $37,990 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 $9,073 for this transaction. As this listing is in Tillsonburg (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,073.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Tillsonburg, Tillsonburg.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$652,068

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

Annandale
Public60 Tillson Avenue, Tillsonburg, Ontario, N4G 3A1
3.1
Westfield
Public102 Dereham Drive, Tillsonburg, Ontario, N4G 0G5
5.1
South Ridge
Public10 South Ridge Road, Tillsonburg, Ontario, N4G 0C1
4.0

Secondary Schools

Glendale
Public37 Glendale Drive, Tillsonburg, Ontario, N4G 1J6
4.7

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.