$478,000

For sale

70 Dover Street, Norwich (Otterville) - Single Family for Sale

70 Dover Street, Norwich (Otterville), Ontario, N0J1R0

3 beds1 bath2 parking350 ft²45 × 224 ft (10,026 sq ft) lot sizeListed 9 days ago

Overview

This 3-bedroom, 1-bathroom home in Norwich is for sale offering roughly 350 sq ft of space. It has been on the market 9 days, fresher than the Norwich average of 70 days.

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Description

Attention first-time home buyers and investors! Welcome to this bright and clean raised bungalow in desirable Otterville. Built in 2004, this home sits on an impressive 224-foot-deep, wooded lot offering plenty of outdoor space and privacy. Featuring 2+1 bedrooms, one bathroom, and hard-surface flooring throughout, the home offers a functional layout with plenty of potential to make it your own. Step outside to enjoy the raised deck just off the kitchen, perfect for relaxing or entertaining. Vacant and move-in ready, this property presents a great opportunity for first-time buyers looking to enter the market, investors seeking their next addition, or buyers looking for a home with room to personalize. The seller is also willing to consider a Vendor Take-Back (VTB) mortgage, offering added flexibility for qualified buyers. Don't miss this opportunity to own a home in the welcoming community of Otterville! (id:66096)

Property Details

MLS®: X14118526
Property Type: Single Family
Zoning: R1
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 1
Parking: 2
Interior Size: 350 ft²
Lot Size: 45 × 224 ft (10,026 sq ft)
Frontage: 45 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Upper Level

Living room: 3.28 x 4.01 meters
Kitchen: 3.73 x 3.15 meters
Bedroom: 3.1 x 2.74 meters
Bedroom: 3.05 x 2.74 meters
Bathroom: 3.05 x 1.52 meters

Lower level

Recreational, Games room: 3.05 x 3.79 meters
Bedroom: 3.35 x 3.79 meters
Utility room: 3.35 x 8.23 meters

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

Features

Appliances: Washer, Dryer, Water Heater
Foundation: Poured Concrete
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Norwich (Otterville) listings, avg age

70d

Price / ft²

$1,368

List price

$478K

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 3-bed single family in Norwich (Otterville) has been listed for 9 days, which is 61 days fresher than the city average of 70. Act while there is still low competition.

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Listed by eXp Realty of Canada Inc. · Alex Visscher

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0J)

This home lists at $478,000, about 4.9× the local median household income of $97,000.

Carrying it typically needs a household income of about $93,370 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$478,000· $1,368/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,900

Min 5%50%

Mortgage payment$2,518/mo

↳ CMHC premium ($18,164 capitalized)

Property tax (est.)$224/mo

Total monthly$2,742

Cash Needed to Close

Down payment (5%)$23,900

Land transfer tax$6,035

Est. closing costs$3,934

Total cash needed$33,869

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