$549,000

For sale

1847 Hwy 3, Norfolk - Single Family for Sale

1847 Hwy 3, Norfolk, Ontario, N4B2W6

2 beds1 bath8 parking900 ft²123 × 198 ft (24,401 sq ft) lot sizeListed 62 days ago

Overview

This 2-bedroom, 1-bathroom home in Norfolk is for sale offering roughly 900 sq ft of space. Listed at $549,000, it is attractively priced about 29% below the $769,900 median asking price in Norfolk. It has been on the market 62 days, fresher than the Norfolk average of 81 days.

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Description

What a lovely home. Looking for a great country retreat but don't want to break the bank? Check out this beautiful half acre property located between Tillsonburg and Delhi. This board and batten bungalow is brimming with style. You'll absolutely love the bright and spacious great room with it's soaring ceiling. The country style kitchen is the heart of the home and makes the perfect family gathering spot. Two bedrooms including a huge primary bedroom boasting a 13 ft high cathedral ceiling. Main floor laundry/mudroom is ideal for the rear entrance. Two sheds with roll up doors are great for extra storage and hobby centers. This is a place for those who appreciate the great outdoors. For people that are looking for a spacious and private retreat to make their home. Plenty of updates in 2023 and a worry free metal roof means you can spend your time enjoying the property. (id:66096)

Property Details

MLS®: X13747800
Property Type: Single Family
Zoning: A
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 8
Interior Size: 900 ft²
Lot Size: 123 × 198 ft (24,401 sq ft)
Frontage: 123 ft
Storeys: 1
Style: Bungalow
Basement: Partial, Crawl space
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Great room: 5.94 x 2.77 meters
Kitchen: 5.74 x 2.95 meters
Bedroom 2: 2.84 x 2.46 meters
Laundry room: 2.34 x 2.13 meters

In between

Primary Bedroom: 5.92 x 3.35 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, Stove, Dryer
Foundation: Block
Exterior: Wood
Lot Features: Level lot, Irregular lot size, Flat site

Services

Water: Sand point
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

62d

Norfolk listings, avg age

81d

Price / ft²

$610

List price

$549K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 2-bed single family in Norfolk has been listed for 62 days, which is 19 days fresher than the city average of 81. Act while there is still low competition.

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Listed by OLIVER & ASSOCIATES SARAH OLIVER REAL ESTATE BROKERAGE · BRIAN SIMPSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4B)

This home lists at $549,000, about 7.0× the local median household income of $78,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.

Median household income: $78,000
Population: 8,223
Median age: 44.4
Owner / renter: 81% / 19%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N4B)

$549,000· $610/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$202/mo

Total monthly$3,080

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$7,455

Est. closing costs$4,147

Total cash needed$41,502

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