23 Meadowlands Drive, Norwich (Otterville), Ontario, N0J1P0




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$1,495,000
Norwich
This 5-bedroom, 4-bathroom home in Norwich is for sale offering roughly 2,250 sq ft of space. It has been on the market 34 days, fresher than the Norwich average of 70 days.
Welcome to 23 Meadowlands Drive in the beautiful community of Otterville, where an exciting opportunity awaits to build your dream home. This to-be-built home by Everest Estate offers an impressive blend of quality craftsmanship, modern design, and comfortable family living. Featuring 3 bedrooms, 3 bathrooms, and approximately 2,258 sq. ft. of finished main-floor living space, the thoughtfully designed layout offers plenty of room for both everyday living and entertaining. The open-concept main living area is complemented by spacious bedrooms and quality finishes throughout. Additional features include hardwood flooring, a paved driveway, generator transfer switch, in-ground irrigation, and the opportunity to build a detached shop or garage, offering even more flexibility for your needs. Located in a quiet Otterville neighborhood, this is an excellent opportunity to build a quality home in a desirable community. As an added bonus, a fully renovated home on the adjacent farm is available for the buyers to use on an interim basis while their new home is being built-making the transition into your new home that much easier. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 34 days on market, against an average age of 70 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.
This 5-bed single family in Norwich (Otterville) has been listed for 34 days, which is 36 days fresher than the city average of 70. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,495,000, about 15.4× the local median household income of $97,000.
Carrying it typically needs a household income of about $292,026 (20% down, 25-yr amortization, stress-tested) — roughly 201% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0J)
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Loading rates, 30-yr amortization
Cash Needed to Close
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