$1,150,000

For saleJust listed

2349 CONCESSION Drive, Newbury - Single Family for Sale

2349 CONCESSION Drive, Newbury, Ontario, N0L1Z0

5 beds2 baths32,496 sq ft (0.74 ac) lot sizeListed 5 days ago

Overview

This 5-bedroom, 2-bathroom home in Newbury is for sale. It has been on the market 5 days, fresher than the Newbury average of 40 days.

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Description

COUNTRY LIVING WITH INCOME POTENTIAL!! Built in 2019, this spacious 5-bedroom, 2-bathroom raised ranch with a durable Granite Ridge steel roof sits on a generous 3/4 acre country lot. The home features plenty of large windows throughout filling the space with natural light, a convenient main-floor laundry, and a deck off the kitchen-perfect for relaxing or entertaining. The lower level offers 3 additional bedrooms and a second bathroom featuring a large walk-in shower, providing plenty of room for family and guests. Adding versatility to this property is a detached granny flat complete with kitchen, laundry and bathroom. Ideal for extended family, rental opportunity or private home office. The impressive heated Quonset building provides extra workspace or storage. Additional highlights include solar panels which currently generate additional income and a charming selection of fruit trees. PHOTOS ARE NOT AI GENERATED (id:66096)

Property Details

MLS®: 26026449
Property Type: Single Family
Zoning: RR
Bedrooms: 5
Beds (above / below): 2 above · 3 below
Bathrooms: 2
Lot Size: 32,496 sq ft (0.74 ac)
Year Built: 2019
Style: Raised ranch
Heating: Natural gas, Furnace
Cooling: Central air conditioning
Garage: Garage, Heated Garage
Ownership: Freehold
Listed: 5 days ago

Rooms

Lower level

Utility room: 12.8 x 13.4 feet
Bedroom: 12.9 x 9.8 feet
Bedroom: 8.8 x 10.3 feet
Bedroom: 8.9 x 10.4 feet
3pc Bathroom: 8.9 x 6.7 feet
Family room: 16.1 x 13.6 feet

Main level

Laundry room: 9.11 x 4.11 feet
4pc Bathroom: 10.1 x 8.4 feet
Bedroom: 11.8 x 9.11 feet
Primary Bedroom: 12.5 x 13.3 feet

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Flooring: Hardwood, Laminate, Carpeted
Foundation: Concrete
Exterior: Brick, Aluminum/Vinyl
Lot Features: Front Driveway, Gravel Driveway

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Newbury listings, avg age

40d

List price

$1.15M

Homes here sell below asking price

Homes in this market sold for an average of 91.3 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 Newbury has been listed for 5 days, which is 35 days fresher than the city average of 40. Act while there is still low competition.

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Listed by REALTY HOUSE INC. Brokerage · ROB VANDERYDT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0L)

This home lists at $1,150,000, about 11.5× the local median household income of $100,000.

Carrying it typically needs a household income of about $224,635 (20% down, 25-yr amortization, stress-tested) — roughly 125% above the area median.

Median household income: $100,000
Population: 49,817
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0L)

$1,150,000

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.83% · $90,000

Min 7.83%50%

Mortgage payment$5,877/mo

↳ CMHC premium ($42,400 capitalized)

Est. property tax$958/mo

Total monthly$6,835

Cash Needed to Close

Down payment (7.83%)$90,000

Land transfer tax$19,475

Est. closing costs$5,950

Total cash needed$115,425

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