$564,900

For sale

197 Main Street, Melancthon - Single Family for Sale

197 Main Street, Melancthon, Ontario, L9V1X7

3 beds1 bath2 parking900 ft²66 × 165 ft (10,890 sq ft) lot sizeListed 16 days ago

Overview

This 3-bedroom, 1-bathroom home in Melancthon is for sale offering roughly 900 sq ft of space. It has been on the market 16 days, fresher than the Melancthon average of 94 days.

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Description

Tucked away in the charming hamlet of Hornings Mills, a truly wonderful little community known for its amazing neighbours and welcoming atmosphere, this lovely home sits on a beautiful lot with picturesque views to the east. Offering incredible value at its price point, this is an opportunity to enjoy comfortable country living in a community you'll love to call home. Step inside and discover a home that is exceptionally clean, well cared for, and thoughtfully laid out with inviting open-concept living. The eat-in kitchen is the perfect gathering place, offering plenty of counter space for meal prep, room to entertain, and a cozy woodstove to keep things warm and welcoming on those chilly evenings.Out back, enjoy a great deck overlooking the expansive views and a spacious backyard with plenty of room to relax, entertain, garden, or simply soak up the peaceful surroundings. Adding even more value is the impressive 160 sq. ft. premium shed, perfect for storing all the extras, hobbies, tools, and outdoor essentials.With a metal roof, furnace and air conditioning approximately 5 years old, an owned hot water heater, fibre-optic internet, and a basement offering fantastic additional storage, this home combines comfort, practicality, and affordability in one appealing package.If you're looking for a well-maintained home, a beautiful setting, and the charm of small-community living, this Hornings Mills gem is one you won't want to miss! (id:66096)

Property Details

MLS®: X14095592
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 66 × 165 ft (10,890 sq ft)
Frontage: 66 ft
Storeys: 1
Basement: Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $2,300/yr
Listed

Rooms

Main level

Living room: 5.23 x 2.92 meters
Dining room: 4.17 x 2.8 meters
Kitchen: 5.49 x 4.5 meters
Office: 2.41 x 2.64 meters
Bathroom: 1.56 x 2.07 meters

Second level

Primary Bedroom: 3.14 x 3.11 meters
Bedroom 2: 2.8 x 2.84 meters
Bedroom: 2.78 x 2.16 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, Dishwasher, Stove
Foundation: Block
Exterior: Wood
Lot Features: Sump Pump

Services

Sewer: Septic System
Utilities: Electricity, Natural Gas Available

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Melancthon listings, avg age

94d

Price / ft²

$628

List price

$565K

Homes here sell slower than most markets

Sold homes in this market spent an average of 80 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 90.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Melancthon has been listed for 16 days, which is 78 days fresher than the city average of 94. Act while there is still low competition.

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Listed by RE/MAX HALLMARK CHAY REALTY · CASSIDY JULEE LEMOINE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9V)

This home lists at $564,900, about 5.4× the local median household income of $105,000.

Carrying it typically needs a household income of about $110,345 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $105,000
Population: 17,750
Median age: 40
Owner / renter: 86% / 14%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L9V)

$564,900· $628/ft²

For sale

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Full Cost Breakdown

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Down Payment5.57% · $31,490.00

Min 5.57%50%

Mortgage payment$2,957/mo

↳ CMHC premium ($21,336 capitalized)

Property tax (est.)$192/mo

Total monthly$3,149

Cash Needed to Close

Down payment (5.57%)$31,490

Land transfer tax$7,773

Est. closing costs$4,195

Total cash needed$43,458

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