$525,000

For sale

25 Palmer Street West, Norwich (Norwich Town) - Single Family for Sale

25 Palmer Street West, Norwich (Norwich Town), Ontario, N0J1P0

4 beds2 baths4 parking1,300 ft²66 × 265 ft (17,523 sq ft) lot sizeListed 35 days ago

Overview

This 4-bedroom, 2-bathroom home in Norwich is for sale offering roughly 1,300 sq ft of space. Listed at $525,000, it is attractively priced about 19% below the $649,900 median asking price in Norwich. It has been on the market 35 days, fresher than the Norwich average of 76 days.

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Description

THE LOT!!!! A GREAT PLACE TO START OUT AND GROW INTO, 4 BEDROOM HOME, DETACHED SINGLE GARAGE AND.....THE LOT!! UPPER LEVEL WITH 3 BEDROOMS AND AN ENSUITE 3 PC BATHROOM FOR THE PRIMARY BEDROOM. THE MAIN LEVEL WELCOMES FAMILY AND FRIENDS WITH AN EAT-IN KITCHEN WITH ACCESS TO THE DECK AREA, AN ADDITIONAL BEDROOM OR A GREAT PANTRY OR MAIN FLOOR DEN. AS WELL AS A LIVING ROOM, DINING ROOM AND A FAMILY ROOM WITH A FREESTANDING GAS STOVE TO KEEP IT COZY. AS WELL AS A 4 PC BATH....AND THE LOT!! A RARE FIND FOR A RESIDENTIAL LOT THIS SIZE IN TOWN, 66 FOOT FRONTAGE WITH A DEPTH OF 264 FEET. THERE IS A GOOD-SIZED SHED AND THE YARD IS FENCED FOR THE KIDS OR THE PETS!! LOCATED APPROX. 20 MINUTES TO THE 400 SERIES HIGHWAYS . TIME TO STOP RENTING AND START OWNING! (id:66096)

Property Details

MLS®: X13842878
Property Type: Single Family
Zoning: R1
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 66 × 265 ft (17,523 sq ft)
Frontage: 66 ft
Storeys: 1
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 3.9 x 3.35 meters
Living room: 5.21 x 3.78 meters
Dining room: 3.78 x 3.23 meters
Family room: 2.92 x 4.99 meters
Bedroom: 2.95 x 2.52 meters
Foyer: 1.95 x 3.87 meters

Second level

Primary Bedroom: 2.83 x 3.78 meters
Bedroom: 2.71 x 2.89 meters
Bedroom: 2.01 x 3.38 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water meter
Foundation: Poured Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Norwich (Norwich Town) listings, avg age

76d

Price / ft²

$404

List price

$525K

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.

Haho

This 4-bed single family in Norwich (Norwich Town) has been listed for 35 days, which is 41 days fresher than the city average of 76. Act while there is still low competition.

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Listed by Royal Lepage Triland Realty Brokerage · Judy Bradley

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0J)

This home lists at $525,000, about 5.4× the local median household income of $97,000.

Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 6% above the area median.

Median household income: $97,000
Population: 33,457
Median age: 38.4
Owner / renter: 85% / 15%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N0J)

$525,000· $404/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,500

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,900 capitalized)

Property tax (est.)$244/mo

Total monthly$3,002

Cash Needed to Close

Down payment (5.24%)$27,500

Land transfer tax$6,975

Est. closing costs$4,075

Total cash needed$38,550

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