550 Silver Street, Wellington North, ON
Property no longer active
This property was sold on September 6, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Wellington North. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $824,900 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.
- 6 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 98 x 330 ft lot
- Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 14.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Auto Garage Door Remote, Central Vacuum, Floor Drain
- equipped with other central cooling and highly efficient other heating via electric
Description
This great home on a 1 acre lot is minutes from Mount Forest and less than an hour to Guelph, Orangeville and Waterloo. A fabulous country retreat offering beauty of the season all year round. If you are looking for peace and quiet you have found it here. From the great driveway where you can park numerous vehicles you have multiple access points to this home, including a walkout basement. The main floor is open concept living at its best and there's no doubt you will enjoy beautiful views of the yards from every angle. The massive primary suite has an updated 3 pc bath with heated floors. New carpet was installed in the two other bedrooms in 2022. The main bath is newly renovated and features quartz countertops, double sinks, a glass shower and heated floors. The fully finished lower level with the new luxury vinyl plank flooring could be an ideal in-law suite and has a huge rec room and 3 more bedrooms. Check out the Geothermal heating and cooling system perfect for the energy conscious buyer who is concerned about the use of fossil fuels. Geothermal heating and cooling is a renewal resource and uses the earths natural heat and is very cost effective. Outside on the expansive deck you have a choice of sun or shade with a view from every spot. A separate garage will park 4 vehicles, has 10' ceilings and for added convenience a rough in for a 2pc bath. Outside the garage is a Septic hook-up for your RV or a future Tiny home. Ready to Explore Mt Forest? Take the dog and go for a short stroll down the street and enjoy the Saugeen Valley Trail that runs along the Saugeen River where you are sure to enjoy a variety of landscapes along the way. Window updated between 2010-2022, new 35 year shingles installed in June 2023. This exceptional property must be seen to be truly appreciated for all it has to offer.
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Property Summary
This detached home located at 550 Silver Street, Wellington North is currently for sale and has been available on SousaSells for 746 days. This property is listed at $824,900 with an estimated mortgage of $2,746* per month. It has 6 beds, 3 bathrooms, and is 1500-2000 square feet. 550 Silver Street, Wellington North is in the Rural Wellington North neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Cul de Sac/Dead End, Greenbelt/Conservation, Hospital, Library, Park, Place Of Worship
Interior Features
Auto Garage Door Remote, Central Vacuum, Floor Drain, In-Law Capability, Upgraded Insulation, Water Heater Owned, Water Softener, Workbench
Security Features
Community Features
Location
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 550 Silver Street, Wellington North, ON N0G 2L3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Wellington North, ON
For a property listed at $824,900 in Wellington North, the legal minimum down payment is $57,490 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 $12,973 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 $12,973.
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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.