7 Kara Lane, Tillsonburg, ON
Property Highlights
Welcome to this remarkable Backsplit 4 detached located in the coveted neighborhood of Tillsonburg. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $500,000 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.
- 4 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 46.06 x 146.04 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater, Water Softener
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 7 Kara Lane, a charming detached 4-level backsplit tucked away on a quiet, mature street in Tillsonburg with the rare bonus of no rear neighbours. Backing onto open green space, this property offers a peaceful backyard setting where you can enjoy added privacy, natural views, and visits from local wildlife right from home. Inside, the layout is bright, comfortable, and practical, making it an excellent fit for first-time buyers, downsizers, or anyone looking for a detached home in a welcoming neighbourhood. The main living areas offer an easy flow, with an open kitchen and dining space that works well for everyday life. The finished lower family room adds valuable flexibility for movie nights, a playroom, hobby space, home office, or a quiet place to unwind. Set on a deep lot with an attached garage, this home offers the space and function buyers are looking for, all while being close to shopping, services, schools, parks, and everyday amenities. If you have been waiting for an affordable detached home in a peaceful Tillsonburg location with room to grow, 7 Kara Lane is one to see!
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Pricing & Value Insights
Data-driven valuation for 7 Kara Lane, Tillsonburg, ON N4G 5M2
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About Purchasing a Home in Tillsonburg, ON
For a property listed at $500,000 in Tillsonburg, the legal minimum down payment is $25,000 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 $6,475 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 $6,475.
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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.