518 Newfoundland Street, Wellington North, ON

$720,000
MLS#:X12023997
3 beds
4 baths
1500-2000 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on May 13, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of Mount Forest. Expertly crafted featuring premium stone construction, this residence presents an exceptional opportunity offered at $720,000 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 4 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 31.66 x 107.41 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

New Home. This 1873 sq foot semi detached home is only joined at the garage, so essentially it is like a single family home. Just completed on a quiet cul du sac in Mount Forest, this 2 storey home features 3 bedrooms, 3.5 baths including ensuite, laundry on 2nd level, gas fireplace on main level. Large principal rooms, quartz countertop, walk in closets in 2 bedrooms, open concept living. Fully finished basement. Large attached garage with maintenance free trusscore interior, paved driveway, deck at tht back and covered porch at the front. Move Right in.

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Property Summary

This detached home located at 518 Newfoundland Street, Wellington North is currently for sale and has been available on SousaSells for 487 days. This property is listed at $720,000 with an estimated mortgage of $2,397* per month. It has 3 beds, 4 bathrooms, and is 1500-2000 square feet. 518 Newfoundland Street, Wellington North is in the Mount Forest neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
4
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 13, 2025
Sold price information is available to members only
Listed Date3/17/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style2-Storey
ConstructionStone
BasementFinished
Lot Size31.66 × 107.41 Feet
CountyWellington
Annual Tax$755.07
Legal DescriptionLot 15, Plan 61M256 Township of Wellington North

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater Owned

Security Features

Community Features

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Location

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518 Newfoundland Street, Wellington North, 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 518 Newfoundland Street, Wellington North, ON N0G 2L2

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 Wellington North.

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Interest Rate4.00%
Down Payment$216,000 (30.0%)
* Minimum Canadian down payment required for this price is $47,000.
Amortization Period30 Years
Estimated Monthly Payment$2,397Based on a loan of $504,000 over 30 years.
Purchase Price$720,000
Loan Amount$504,000
Provincial Land Transfer Tax:$10,875
Total Estimated Closing Taxes:$10,875

About Purchasing a Home in Wellington North, ON

For a property listed at $720,000 in Wellington North, the legal minimum down payment is $47,000 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 $10,875 for this transaction. As this listing is in Wellington North (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,875.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Mount Forest, Wellington North.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$619,621

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.