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$989,000
Norwich
3 Clover Lane, Norwich (Otterville), Ontario, N0J1R0
This 4-bedroom, 4-bathroom home in Norwich is for sale offering roughly 2,250 sq ft of space. Its $989,000 asking price sits right in line with the $989,000 median in Norwich. It has been on the market 57 days, fresher than the Norwich average of 70 days.
Welcome to this beautifully designed custom bungalow situated on a spacious estate lot in the family-friendly community of Otterville. Offering over 4,700 sq. ft. of finished living space, this impressive home features 3+1 bedrooms, 3.5 bathrooms, 2 kitchens and 2 laundry rooms, providing a versatile layout ideal for families or multi-generational living. The main floor features an open-concept design with 10' ceilings and 8' doors, creating a bright and spacious feel throughout. The well-appointed kitchen offers ample cabinetry and storage and overlooks the living and dining areas, making the space ideal for both everyday living and entertaining. The primary bedroom features a luxurious ensuite, while two additional bedrooms provide flexibility for family, guests, or a home office. The fully finished basement offers substantial additional living space, including a second kitchen, laundry room and in-law suite, providing excellent flexibility for extended family, guests or independent living. Outside, the expansive backyard offers plenty of space for outdoor entertaining, recreation and relaxation. The rare 3-car garage provides ample room for vehicles, storage and hobbies. Located close to schools, parks and local amenities, this custom bungalow offers a combination of generous living space, quality finishes and a functional layout in a peaceful small-town setting. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 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 4-bed single family in Norwich (Otterville) has been listed for 57 days, which is 13 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 $989,000, about 10.2× the local median household income of $97,000.
Carrying it typically needs a household income of about $193,186 (20% down, 25-yr amortization, stress-tested) — roughly 99% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0J)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.