498 Fairview Street, Wilmot, ON

$1,399,900
MLS#:X12175412
5 beds
4 baths
2000-2500 sqft
9.5 parking
Residential Freehold
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Property no longer active

This property was sold on November 20, 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 brick construction, this residence presents an exceptional opportunity offered at $1,399,900 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.

  • 5 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 98.75 x 713.79 ft lot
  • Features a finished with walk-out, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
  • 9.5 total parking spaces available with a convenient attached configuration
  • Notable attributes: Accessory Apartment, Air Exchanger, Auto Garage Door Remote
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 498 Fairview Street in New Hamburg a rare opportunity to own 1.59 acres backing onto the Nith River, where seasonal docks and boating are allowed. Lovingly maintained by the original owners, this spacious walkout bungalow and in-law suite offers over 3,900 sq ft of finished living space ideal for multigenerational living. Enjoy summer in the 18 x 36 inground pool with new liner (2022) and heater (2024), surrounded by a stamped concrete patio and lush gardens. With over 700 feet of depth, the property offers exceptional privacy and river access. The main floor features a bright living room with gas fireplace and stunning backyard views, plus a functional kitchen with gas stove, stainless steel appliances, walk-in pantry, and generous storage. The primary suite includes a 5-piece ensuite, walk-in closet, and updated engineered hardwood flooring. Two more bedrooms, a 4-piece bath, laundry and a versatile loft space perfect as a fourth bedroom, office, or rec room complete the main floor layout. An oversized double car garage and parking serve the main home, while a section of driveway leads to the in-law suite garage with additional parking. The walkout basement doesn't feel like a basement at all with 9 ceilings, large windows, and multiple access points. The 2-bedroom in-law suite is bright and welcoming including its own eat-in kitchen, 4-piece bathroom with walk-in shower, fireplace, private single-car garage, and multiple points of egress. Separate to the in-law suite is an additional rec room and bathroom, perfectly located for poolside use. Located minutes to downtown New Hamburg, restaurants, schools, parks, and more this is a rare multigenerational property with space, functionality, and scenic living by the river.

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Property Summary

This detached home located at 498 Fairview Street, Wilmot is currently for sale and has been available on SousaSells for 416 days. This property is listed at $1,399,900 with an estimated mortgage of $4,660* per month. It has 5 beds, 4 bathrooms, and is 2000-2500 square feet. 498 Fairview Street, Wilmot

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

Key Features

Bedrooms
5
Bathrooms
4
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 6, 2025
Sold price information is available to members only
Listed Date5/27/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFinished with Walk-Out, Apartment
Lot Size98.75 × 713.79 Feet
CountyWaterloo
Annual Tax$8,479.15
Legal DescriptionPT LT 24 CON S OF BLEAM'S RD WILMOT PT 2, 58R7662; WILMOT

Parking & Garage

Parking Spaces9.5
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Rec./Commun.Centre, River/Stream, Waterfront

Interior Features

Accessory Apartment, Air Exchanger, Auto Garage Door Remote, ERV/HRV, In-Law Suite, Primary Bedroom - Main Floor, Water Heater Owned, Water Softener

Security Features

Community Features

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Location

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498 Fairview Street, 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 498 Fairview Street, Wilmot, ON N3A 1M7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$419,970 (30.0%)
* Minimum Canadian down payment required for this price is $279,980.
Amortization Period30 Years
Estimated Monthly Payment$4,660Based on a loan of $979,930 over 30 years.
Purchase Price$1,399,900
Loan Amount$979,930
Provincial Land Transfer Tax:$24,473
Total Estimated Closing Taxes:$24,473

About Purchasing a Home in Wilmot, ON

For a property listed at $1,399,900 in Wilmot, the legal minimum down payment is $279,980 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 $24,473 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 $24,473.

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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.