$840,000

For sale

3 Otterview Drive, Norwich (Otterville) - Single Family for Sale

3 Otterview Drive, Norwich (Otterville), Ontario, N0J1R0

4 beds3 baths5 parking1,300 ft²40 × 170 ft (6,817 sq ft) lot sizeListed 28 days ago

Overview

This 4-bedroom, 3-bathroom home in Norwich is for sale offering roughly 1,300 sq ft of space. Listed at $840,000, it is attractively priced about 15% below the $989,000 median asking price in Norwich. It has been on the market 28 days, fresher than the Norwich average of 71 days.

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Description

***LIMITED TIME OFFER- If closed by December 1, 2026 Seller will pay TWO years of Property Taxes after closing, details available*** Welcome home to 3 Otterview Drive! Situated in the quiet, scenic community of Otterville, this beautifully maintained all-brick bungalow offers an ideal layout for growing families or those looking to downsize in style.Step inside to discover fresh, updated flooring throughout the main level. The heart of the home is a chef-inspired kitchen featuring 3-year-old custom Pioneer cabinetry, which seamlessly overlooks the open-concept living and dining spaces. Soaring cathedral ceilings and massive windows flood the area with natural light while framing picturesque views of the 7th hole at Otter Creek Golf Course. Step directly outside to the newly updated rear deck to unwind in your recently added hot tub-the ultimate spot for evening relaxation.The spacious primary suite boasts a generous walk-in closet and a private 4-piece ensuite. Completing the main floor is a second bedroom (ideal for a home office), a stylish 3-piece bath, and a newly renovated laundry room with custom cabinetry.Downstairs, the expansive basement is built for entertaining or extra family space, complete with ample storage closets. It includes a large recreation room, a 3rd bedroom, a versatile bonus room (easily converted into a 4th bedroom or den), and an inviting, newly finished 4-piece bath. (id:66096)

Property Details

MLS®: X13872468
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 3
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 40 × 170 ft (6,817 sq ft)
Frontage: 40 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $4,500/yr
Listed

Features

Appliances: Water softener, Hot Tub
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

Norwich (Otterville) listings, avg age

71d

Price / ft²

$646

List price

$840K

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 (Otterville) has been listed for 28 days, which is 43 days fresher than the city average of 71. Act while there is still low competition.

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Listed by Royal Lepage R.E. Wood Realty Brokerage · Dane Willson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0J)

This home lists at $840,000, about 8.7× the local median household income of $97,000.

Carrying it typically needs a household income of about $164,081 (20% down, 25-yr amortization, stress-tested) — roughly 69% 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)

$840,000· $646/ft²

For sale

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Full Cost Breakdown

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Down Payment7.02% · $59,000

Min 7.02%50%

Mortgage payment$4,330/mo

↳ CMHC premium ($31,240 capitalized)

Property tax (est.)$375/mo

Total monthly$4,705

Cash Needed to Close

Down payment (7.02%)$59,000

Land transfer tax$13,275

Est. closing costs$5,020

Total cash needed$77,295

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