$649,900

For sale

218 Mechanic Street West, Norfolk (Waterford) - Single Family for Sale

218 Mechanic Street West, Norfolk (Waterford), Ontario, N0E1Y0

4 beds2 baths6 parking1,300 ft²47 × 122 ft (5,710 sq ft) lot sizeListed 47 days ago

Overview

This 4-bedroom, 2-bathroom home in Norfolk is for sale offering roughly 1,300 sq ft of space. Listed at $649,900, it is attractively priced about 19% below the $799,900 median asking price in Norfolk. It has been on the market 47 days, fresher than the Norfolk average of 50 days.

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Description

Welcome to 218 Mechanic Street West! This beautiful Waterford home offers 3+1 bedrooms on a spacious 0.3-acre lot. The home is packed with recent improvements including fresh paint throughout, brand-new luxury vinyl flooring across the entire basement, over a dozen new pot lights with dimmers, 2020 windows, plus a high-efficiency furnace and SmartAir A/C replaced in 2022. The water heater is also brand new and owned. The house offers large windows for natural light as well as large rooms and a massive basement level family room. The lower level offers excellent in-law suite potential, already featuring a bedroom, full bathroom and separate entrance. Outside, enjoy a private backyard with mature tree coverage and access toward the river through adjacent County-owned land. (id:66096)

Property Details

MLS®: X13803030
Property Type: Single Family
Zoning: R1
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 47 × 122 ft (5,710 sq ft)
Frontage: 47 ft
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,681/yr
Listed: 47 days ago

Rooms

Main level

Kitchen: 6.17 x 2.92 meters
Living room: 3.94 x 4.14 meters

Basement

Utility room: 2.9 x 6.15 meters
Other: 4.06 x 5.16 meters

Second level

Primary Bedroom: 4.17 x 3.25 meters
Bedroom: 3.81 x 2.79 meters
Bedroom: 3.84 x 2.9 meters
Bathroom: 3.05 x 2.54 meters

Lower level

Family room

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Heater
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Conservation/green belt

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Norfolk (Waterford) listings, avg age

50d

Price / ft²

$500

List price

$650K

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 4-bed single family in Norfolk (Waterford) has been listed for 47 days, which is 3 days fresher than the city average of 50. Act while there is still low competition.

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Listed by REVEL REALTY INC. · LISA SLY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0E)

This home lists at $649,900, about 7.1× the local median household income of $92,000.

Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 38% above the area median.

Median household income: $92,000
Population: 36,557
Median age: 46
Owner / renter: 88% / 12%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0E)

$649,900· $500/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,990

Min 6.15%50%

Mortgage payment$3,381/mo

↳ CMHC premium ($24,396 capitalized)

Property tax (est.)$307/mo

Total monthly$3,688

Cash Needed to Close

Down payment (6.15%)$39,990

Land transfer tax$9,473

Est. closing costs$4,450

Total cash needed$53,913

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