515 Galway Road, Trent Lakes, ON

$199,000
MLS#:X10875056
2 beds
1 baths
1100-1500 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 30, 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 Trent Lakes. Expertly crafted featuring premium vinyl siding and log construction, this residence presents an exceptional opportunity offered at $199,000 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 1100-1500 sqft on a premium 186 x 550 ft lot
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Water Heater Owned, Propane Tank
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

Excellent Potential to own a home on a nice piece of property! 2 bedroom, 1 bath home in need of some TLC. Contractors, handymen and inspired families or individuals, come check out this amazing opportunity to own a home on 2.35 acres in a great community with many services and amenities close by. Just 20 minutes to many small towns for shopping and supplies. Just 45 minutes to Lindsay and 1 hour to Peterborough or Orillia. Priced to sell so don't miss your chance to make this your next home or project. Home has a drilled well, septic and some new electrical. Book your showing today!!!

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Property Summary

This detached home located at 515 Galway Road, Trent Lakes is currently for sale and has been available on SousaSells for 599 days. This property is listed at $199,000 with an estimated mortgage of $662* per month. It has 2 beds, 1 bathroom, and is 1100-1500 square feet. 515 Galway Road, Trent Lakes is in the Trent Lakes neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 30, 2024
Sold price information is available to members only
Listed Date11/25/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionVinyl Siding, Log
BasementFull, Unfinished
Lot Size186 × 550 Feet
CountyPeterborough
Annual Tax$2,378
Legal DescriptionPT LT 8 CON 13 GALWAY AS IN R691469; GAL-CAV AND HAR

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Wooded/Treed, School Bus Route, Rec./Commun.Centre, Place Of Worship

Interior Features

Water Heater Owned, Propane Tank

Security Features

Community Features

Location

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515 Galway Road, Trent Lakes, 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 515 Galway Road, Trent Lakes, ON K0M 2A0

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.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Trent Lakes.

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Interest Rate4.00%
Down Payment$59,700 (30.0%)
* Minimum Canadian down payment required for this price is $9,950.
Amortization Period30 Years
Estimated Monthly Payment$662Based on a loan of $139,300 over 30 years.
Purchase Price$199,000
Loan Amount$139,300
Provincial Land Transfer Tax:$1,715
Total Estimated Closing Taxes:$1,715

About Purchasing a Home in Trent Lakes, ON

For a property listed at $199,000 in Trent Lakes, the legal minimum down payment is $9,950 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 $1,715 for this transaction. As this listing is in Trent Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,715.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$947,154

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.