$2,195,000

For sale

764059 240 Side Road, Melancthon - Single Family for Sale

764059 240 Side Road, Melancthon, Ontario, L9V2P4

5 beds3 baths9 parking2,250 ft²1363 × 3300 ft (103.25 acres) lot sizeListed 21 days ago

Overview

This 5-bedroom, 3-bathroom home in Melancthon is for sale offering roughly 2,250 sq ft of space. It has been on the market 21 days, fresher than the Melancthon average of 92 days.

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Description

100 Acre Farm Property in Melancthon! A versatile farm property offering approximately 50+ acres of workable farmland, mixed bush, a large pond and an established homestead. The spacious two storey home features 5 bedrooms and 3 bathrooms, with hardwood flooring, a woodstove, family sized kitchen and attached sunroom. Outside, the property is well equipped with a triple car garage and an impressive 32' x 100' drive shed, providing excellent space for equipment, vehicles and storage. Recent improvements include a new roof in 2025. Don't miss out on this excellent balance of productive farm land, recreational space, mixed bush and a picturesque pond! (id:66096)

Property Details

MLS®: X14030988
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 9
Interior Size: 2,250 ft²
Lot Size: 1363 × 3300 ft (103.25 acres)
Frontage: 1,363 ft
Storeys: 2
Basement: Finished, Full
Heating: Baseboard heaters, Electric, Wood
Cooling: None
Garage: Attached Garage, Garage, RV
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 6.32 x 5.32 meters
Dining room: 4.22 x 4.28 meters
Kitchen: 5.17 x 3.59 meters
Eating area: 2.7 x 3.59 meters
Mud room: 3.35 x 6.87 meters
Family room: 7.2 x 4.09 meters

Second level

Bathroom: 1.1 x 1.82 meters
Bathroom: 2.1 x 1.66 meters
Primary Bedroom: 4.27 x 4.36 meters
Bedroom 2: 4.43 x 3.28 meters

Features

Foundation: Block
Exterior: Brick
Lot Features: Rolling

Services

Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Melancthon listings, avg age

92d

Price / ft²

$976

List price

$2.19M

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 5-bed single family in Melancthon has been listed for 21 days, which is 71 days fresher than the city average of 92. Act while there is still low competition.

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Listed by Wilfred McIntee & Co Limited · DARREN MARTIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9V)

This home lists at $2,195,000, about 20.9× the local median household income of $105,000.

Carrying it typically needs a household income of about $428,760 (20% down, 25-yr amortization, stress-tested) — roughly 308% 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)

$2,195,000· $976/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $439,000

Min 20%50%

Mortgage payment$9,361/mo

Property tax (est.)$321/mo

Total monthly$9,683

Cash Needed to Close

Down payment (20%)$439,000

Land transfer tax$41,350

Est. closing costs$9,085

Total cash needed$489,435

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