479 The Ridge Road, Wollaston, ON

$230,000
MLS#:X9767344
1 beds
1 baths
< 700 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on April 17, 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 Wollaston. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $230,000 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.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning < 700 sqft on a premium 80 x 116.86 ft lot
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: Bar Fridge, Carpet Free
  • Efficient other heating via wood

Description

Visit REALTOR website for additional information. Perched on a scenic hill overlooking the pristine Wollaston Lake, this charming 1-bedroom cedar cottage offers a cozy retreat just a half-hour from Bancroft. Ideal for nature lovers, the cottage boasts a rustic yet functional design, complete with a kitchen, a bathroom with a shower and sink, and a warm living room featuring a woodstove. Though the property lacks septic, there is an outhouse for convenience. Parking and road access are located at the rear, and additional storage space is available beneath the cottage. Wollaston Lake, perfect for boating and outdoor adventures, is right across the way.

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Property Summary

This detached home located at 479 The Ridge Road, Wollaston is currently for sale and has been available on SousaSells for 626 days. This property is listed at $230,000 with an estimated mortgage of $766* per month. It has 1 bed, 1 bathroom, and is < 700 square feet. 479 The Ridge Road, Wollaston is in the Wollaston neighborhood.

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

Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 19, 2025
Sold price information is available to members only
Listed Date10/29/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementUnfinished
Lot Size80 × 116.86 Feet
CountyHastings
Annual Tax$1,847.87
Legal DescriptionPT LT 13 CON 6 WOLLASTON AS IN QR588616; T/W QR588616; WOLLASTON ; COUNTY OF HASTINGS

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceWood
Heat TypeOther
CoolingNone

Features

Property Features

Beach, Campground, Clear View, Island, Lake Access, Lake/Pond

Interior Features

Bar Fridge, Carpet Free

Security Features

Community Features

Location

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479 The Ridge Road, Wollaston, 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 479 The Ridge Road B, Wollaston, ON K0L 1P0

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 Wollaston.

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Interest Rate4.00%
Down Payment$69,000 (30.0%)
* Minimum Canadian down payment required for this price is $11,500.
Amortization Period30 Years
Estimated Monthly Payment$766Based on a loan of $161,000 over 30 years.
Purchase Price$230,000
Loan Amount$161,000
Provincial Land Transfer Tax:$2,025
Total Estimated Closing Taxes:$2,025

About Purchasing a Home in Wollaston, ON

For a property listed at $230,000 in Wollaston, the legal minimum down payment is $11,500 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 $2,025 for this transaction. As this listing is in Wollaston (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,025.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$627,869

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.