$1,045,000

$1,095,000For salePrice drop↓ $50,000 (5%)

325834 Norwich Road, Norwich (Norwich Town) - Single Family for Sale

325834 Norwich Road, Norwich (Norwich Town), Ontario, N0J1P0

5 beds2 baths12 parking2,250 ft²416 × 100 ft (41,560 sq ft) lot sizeListed 60 days ago

Overview

This 5-bedroom, 2-bathroom home in Norwich is for sale offering roughly 2,250 sq ft of space. It has been on the market 60 days, fresher than the Norwich average of 77 days.

Houses for Sale in Norwich →All real estate in Norwich →

Description

On the edge of Norwich, this one of a kind 5.4 acre property is now offered to the market for the first time! A property located in a private setting off of a dead end side street. A century home that has had a number of updates over time, including a steel roof and an attached two car garage. Starting with a laneway that has room to hold any number of vehicles, trailers or RVs that you may have. The main floor features a spacious kitchen, dining room, a sun filled living room, primary bedroom, laundry and several additional rooms! Upstairs one will find an additional 4 bedrooms and 2 pc bath. The basement is full height and offers potential to be finished, with one room already drywalled. Outside there is approx. 2.5 acres in field as well as a mini barn surrounded by fencing, perfect for chickens or a few animals. The property sits within the edge of the town of Norwich and may off more opportunities in the future. Do not wait to view this one of a kind property! (id:66096)

Property Details

MLS®: X13749348
Property Type: Single Family
Zoning: RE
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 12
Interior Size: 2,250 ft²
Lot Size: 416 × 100 ft (41,560 sq ft)
Frontage: 416 ft
Storeys: 2
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold

Features

Appliances: Refrigerator, Water softener, Gas stove(s), Dishwasher, Dryer, Water Treatment, Water Heater
Foundation: Poured Concrete
Exterior: Wood, Brick
Lot Features: Irregular lot size

Services

Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

60d

Norwich (Norwich Town) listings, avg age

77d

Price / ft²

$464

List price

$1.04M

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 5-bed single family in Norwich (Norwich Town) has been listed for 60 days, which is 17 days fresher than the city average of 77. Act while there is still low competition.

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Listed by Royal Lepage R.E. Wood Realty Brokerage · Derrek De Jonge

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0J)

This home lists at $1,045,000, about 10.8× the local median household income of $97,000.

Carrying it typically needs a household income of about $204,125 (20% down, 25-yr amortization, stress-tested) — roughly 110% 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)

$1,045,000· $464/ft²

For sale

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Full Cost Breakdown

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Down Payment7.61% · $79,500

Min 7.61%50%

Mortgage payment$5,353/mo

↳ CMHC premium ($38,620 capitalized)

Property tax (est.)$530/mo

Total monthly$5,883

Cash Needed to Close

Down payment (7.61%)$79,500

Land transfer tax$17,375

Est. closing costs$5,635

Total cash needed$102,510

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