3 Ridgebank Place, Wilmot, ON

$689,900
MLS#:X11918218
2 beds
2 baths
1100-1500 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on April 16, 2025. 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 Wilmot. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $689,900 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a spacious lot (Feet)
  • Features a unfinished, crawl space 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: Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Move-in Ready! Very Clean! Beautiful 2 bedroom, 2 bathroom bungalow, with numerous updates and upgrades. From the moment you walk through the front door you will fall in love with this home. GLEAMING hardwood floors, spacious living room with a gas fireplace and a formal dining area with sliders to an enclosed 3-season back deck. Enjoy cooking in the bright kitchen, which was renovated in 2021, and includes new cabinets, under counter lighting, quartz counters, portable kitchen island, back slash and double sinks. The large primary bedroom has lots of closet space and a 3-piece ensuite bathroom. Many areas for storage with an oversized single garage, back of house storage unit and easy access to a huge crawl space at the back of the garage. Located on a quiet dead end road in the sought after Community of Morningside. This 50+ Adult Community is geared to Active and Social Seniors who desire to live in a secure Community with amazing amenities. Just a short walk to the Community Recreation Centre and indoor Swimming Pool, Library, Party Room, fully equipped work shop, fitness room and more. Residents can enjoy a community garden, walking and bike trails, group events, social activities, pickle ball and more. This is more than a beautiful home, it is a community that provides an opportunity to have fun and develop long-lasting friendships. Close to Highway 8, for commuters to K-W and Stratford. Schedule a showing today and enjoy the benefits of carefree living. **EXTRAS** Land Leased - Monthly Fee: $958.00 - includes Property Taxes, Snow Removal, Lawn Care and Water

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Property Summary

This detached home located at 3 Ridgebank Place, Wilmot is currently for sale and has been available on SousaSells for 553 days. This property is listed at $689,900 with an estimated mortgage of $2,296* per month. It has 2 beds, 2 bathrooms, and is 1100-1500 square feet. 3 Ridgebank Place, Wilmot

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

Key Features

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

Additional Details

StatusSold
Sold DateApril 16, 2025
Sold price information is available to members only
Listed Date1/10/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding
BasementUnfinished, Crawl Space
CountyWaterloo
Annual Tax$0
Legal DescriptionLeased Land

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Cul de Sac/Dead End, Rec./Commun.Centre, Place Of Worship, River/Stream

Interior Features

Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Water Heater Owned, Water Softener, Water Purifier

Security Features

Community Features

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Location

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3 Ridgebank Place, Wilmot, ON

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 3 Ridgebank Place, Wilmot, ON N3A 2G3

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 Wilmot.

Configure Loan Settings

Interest Rate4.00%
Down Payment$206,970 (30.0%)
* Minimum Canadian down payment required for this price is $43,990.
Amortization Period30 Years
Estimated Monthly Payment$2,296Based on a loan of $482,930 over 30 years.
Purchase Price$689,900
Loan Amount$482,930
Provincial Land Transfer Tax:$10,273
Total Estimated Closing Taxes:$10,273

About Purchasing a Home in Wilmot, ON

For a property listed at $689,900 in Wilmot, the legal minimum down payment is $43,990 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 $10,273 for this transaction. As this listing is in Wilmot (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,273.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,146,376

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.