747 WATERLOO Street, Wellington North, ON

$629,999
MLS#:X10846632
3 beds
2 baths
700-1100 sqft
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 4, 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 Mount Forest. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $629,999 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 700-1100 sqft on a premium 92.9 x 300.3 ft lot
  • Features a walk-out, finished 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 Owned, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Want to have the country feel but live in town? 747 Waterloo St in Mount Forest can give you that feel with its enormous 92ft x 300ft tree lined lot that gives you complete privacy and the feel of country living on a 0.6 acre lot. This 2+1 bedroom 2 bathroom bungalow with metal roof has seen a lot of upgrades in the past 3 years, some of which include wiring, plumbing, windows, doors, kitchen, appliances, all major mechanicals and more. This great family home is perfectly situated close to the Sports Complex, trails, playground, soccer field and the future location of the Swimming Pool. The attached oversized single car garage features a large workshop area at the back which is perfect for storage or for the handyman to work away and store tools/materials. The best view in the house is from the large dining room window overlooking your treed private rear yard. The basement features a great storage area which could be converted into many other uses as well as a walk out to the rear yard. This addition access could allow someone to make an in-law suite or basement apartment. This updated house is ready for the next family to call it home and make lasting memories.

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Property Summary

This detached home located at 747 WATERLOO Street, Wellington North is currently for sale and has been available on SousaSells for 730 days. This property is listed at $629,999 with an estimated mortgage of $2,097* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 747 WATERLOO 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
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/18/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding, Vinyl Siding
BasementWalk-Out, Finished
Lot Size92.9 × 300.3 Acres
CountyWellington
Annual Tax$2,660
Legal DescriptionPT PKLT 8 S/S QUEEN ST PL TOWN OF MOUNT FOREST PT 1 60R1781; WELLINGTON NORTH

Parking & Garage

Parking Total5.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Hospital, Fenced Yard

Interior Features

Water Heater Owned, Sump Pump

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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747 WATERLOO 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 747 WATERLOO Street, Wellington North, ON N0G 2L3

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.

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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$189,000 (30.0%)
* Minimum Canadian down payment required for this price is $38,000.
Amortization Period30 Years
Estimated Monthly Payment$2,097Based on a loan of $440,999 over 30 years.
Purchase Price$629,999
Loan Amount$440,999
Provincial Land Transfer Tax:$9,075
Total Estimated Closing Taxes:$9,075

About Purchasing a Home in Wellington North, ON

For a property listed at $629,999 in Wellington North, the legal minimum down payment is $38,000 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 $9,075 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 $9,075.

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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.