$1,890,000

For sale

665 Drummond 5b Corners, Drummond/North Elmsley - Single Family for Sale

665 Drummond 5b Corners, Drummond/North Elmsley, Ontario, K7H3C8

6 beds5 baths16 parking2,750 ft²237 × 4159 ft (22.62 acres) lot sizeListed 30 days ago

Overview

This 6-bedroom, 5-bathroom home in Drummond/North Elmsley is for sale offering roughly 2,750 sq ft of space. It has been on the market 30 days, fresher than the Drummond/North Elmsley average of 108 days.

Houses for Sale in Drummond/North Elmsley →All real estate in Drummond/North Elmsley →

Description

TWO HOMES. ONE PROPERTY. RENTAL INCOME POTENTIAL. Welcome to an exceptional opportunity to own two fully self-contained homes on one stunning 48-acre property. Located just minutes from Carleton Place and Perth, with an easy commute to Ottawa, this 2022-built estate offers the perfect combination of privacy, luxury, flexibility, and income potential. LIVE IN ONE HOME AND RENT THE OTHER. Each residence has its own private entrance, kitchen, bathrooms, living spaces and services, making this property ideal for generating rental income to help with mortgage costs, accommodating extended family or creating a private space for adult children or guests. The main residence offers over 2,400 sq. ft. of beautifully designed living space with soaring vaulted ceilings, a gas fireplace and an impressive open-concept layout. The gourmet kitchen features a massive island, walk-in pantry and high-end finishes. The private primary suite in on its own wing and includes its own fireplace, spa-inspired ensuite and walk-in closet, while two additional bedrooms and a dedicated home office complete the main floor. The walk-out lower level offers excellent potential for future finishing. An oversized 4-car garage with over 1,000 sq. ft. provides plenty of room for vehicles, equipment, toys and storage. The second home offers over 1,600 sq. ft. of modern living with 2 bedrooms, 2 bathrooms, a beautiful kitchen, open living space and a stunning fireplace. Enjoy a private deck overlooking the forest plus a fully insulated 3.5-car garage. Outside, 48 acres provide trails, privacy, recreation and endless opportunities to enjoy nature in every season. Two homes. One property. Separate living. Rental income potential. 48 acres of privacy. A rare opportunity to own a property that can offer both an incredible lifestyle and the potential to help offset your mortgage. (id:66096)

Property Details

MLS®: X13863632
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 5
Half Baths: 2
Parking: 16
Interior Size: 2,750 ft²
Lot Size: 237 × 4159 ft (22.62 acres)
Frontage: 237 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Unfinished, Walk out, N/A, N/A, N/A
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes

Rooms

Upper Level

Kitchen: 6.3 x 2.9 meters
Office: 4.6 x 2.5 meters
Primary Bedroom: 4.6 x 3.6 meters
Living room: 6.3 x 5 meters

Main level

Bedroom 2: 4 x 3.1 meters
Primary Bedroom: 5.8 x 3.9 meters
Great room: 7.7 x 5.7 meters
Kitchen: 7.7 x 2.5 meters
Bedroom 3: 3.6 x 3.4 meters
Office: 4 x 3.9 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water softener, Central Vacuum, Stove, Dryer, Water Treatment, Hood Fan, Garage door opener, Garage door opener remote(s)
Foundation: Insulated Concrete Forms
Exterior: Stone, Hardboard
Lot Features: Wooded area, Sump Pump, In-Law Suite

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Drummond/North Elmsley listings, avg age

108d

Price / ft²

$687

List price

$1.89M

Homes here sell slower than most markets

Sold homes in this market spent an average of 64 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 6-bed single family in Drummond/North Elmsley has been listed for 30 days, which is 78 days fresher than the city average of 108. Act while there is still low competition.

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Listed by REMAX BOARDWALK REALTY · Michale Fyke

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7H)

This home lists at $1,890,000, about 23.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $369,183 (20% down, 25-yr amortization, stress-tested) — roughly 350% above the area median.

Median household income: $82,000
Population: 16,175
Median age: 55.6
Owner / renter: 76% / 24%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K7H)

$1,890,000· $687/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $378,000

Min 20%50%

Mortgage payment$8,060/mo

Property tax (est.)$553/mo

Total monthly$8,613

Cash Needed to Close

Down payment (20%)$378,000

Land transfer tax$34,275

Est. closing costs$8,170

Total cash needed$420,445

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice