531 Simcoe Street, Warwick, ON

$459,000
MLS#:X9298160
3 beds
2 baths
1100-1500 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Watford. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $459,000 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 99 x 132 ft lot
  • Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater, Primary Bedroom - Main Floor
  • Efficient radiant heating via gas

Description

Looking for the ideal family home with a low price and low property taxes? This 3 bedroom, 1 1/2 bath offers a large living room with 2 decorative columns, leading to a spacious eat in kitchen and open concept florida room displaying a fancy wood ceiling and several large windows to observe children playing, pets or bird watching in the extra large treed back yard. This well landscaped yard offers a 6-foot wood privacy fence plus a gazebo and garden shed, also main floor laundry and a covered porch. The front yard offers plenty of parking on the extra wide four-section concrete driveway. An oversized insulated, heated, 2 car garage with running water, offers the hobbyist a place to work on cars, boats or woodworking etc. Numerous updates on this well-maintained home such as windows, doors, electrical, gas hot water heater and more. Close to schools and all amenities including a new recreational complex, hockey, figure skating in the winter, baseball and tennis in the summer. Dont miss this opportunity, call today for your viewing appointment.

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Property Summary

This detached home located at 531 Simcoe Street, Warwick is currently for sale and has been available on SousaSells for 680 days. This property is listed at $459,000 with an estimated mortgage of $1,528* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 531 Simcoe Street, Warwick is in the Watford neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 26, 2024
Sold price information is available to members only
Listed Date9/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionVinyl Siding
BasementPartial Basement, Unfinished
Lot Size99 × 132 Feet
CountyLambton
Annual Tax$1,897.34
Legal DescriptionPT LT L PL 2 WATFORD AS IN L929230; WARWICK

Parking & Garage

Parking Spaces5.0
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeRadiant
CoolingNone

Features

Property Features

School Bus Route, School, Fenced Yard, Golf, Rec./Commun.Centre, Park

Interior Features

Water Heater, Primary Bedroom - Main Floor

Security Features

Community Features

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Location

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531 Simcoe Street, Warwick, 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 531 Simcoe Street, Warwick, ON N0M 2S0

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 Warwick.

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Interest Rate4.00%
Down Payment$137,700 (30.0%)
* Minimum Canadian down payment required for this price is $22,950.
Amortization Period30 Years
Estimated Monthly Payment$1,528Based on a loan of $321,300 over 30 years.
Purchase Price$459,000
Loan Amount$321,300
Provincial Land Transfer Tax:$5,655
Total Estimated Closing Taxes:$5,655

About Purchasing a Home in Warwick, ON

For a property listed at $459,000 in Warwick, the legal minimum down payment is $22,950 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 $5,655 for this transaction. As this listing is in Warwick (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,655.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$656,832

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.