582 Garafraxa Street, West Grey, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of West Grey. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $449,900 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.
- 4 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 146.22 x 74.37 ft lot
- Features a apartment, separate entrance, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Accessory Apartment, Carpet Free, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Best Chance For Investor Or First Time Buyer To Own This Renovated House. Three Units. Each Unit Has Its Own Entrance, Kitchen And Full Bathroom. Very Good Rental Income. Highway Location. Easy To Change For Commercial Zoning. Across from ESSO Gas Station And Shops. Keep The Property For Rental Income Or Change Zoning For Future Development. Potential Rental Income: $ 3,300 ($1,600 Main + $900 Basement + $800 Second Floor). Approximate Expenses: Insurance $1,400/Year, Water $495/3 Months, Gas $100/Month, Electricity $90/Month
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Accessory Apartment, Carpet Free, In-Law Suite
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 582 Garafraxa Street S, West Grey, ON N0G 1R0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in West Grey, ON
For a property listed at $449,900 in West Grey, the legal minimum down payment is $22,495 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 $5,473 for this transaction. As this listing is in West Grey (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,473.
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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.