$949,000

For sale

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70 Optimist Drive, Southwold - Single Family for Sale

70 Optimist Drive, Southwold, Ontario, N5P0G4

4 beds3 baths4 parking ft²

53 Wayside Lane, Southwold, Ontario, N5P3T2

2 bd3 ba4 pk1,750 ft²Lot size 50 × 122 ft (6,080 sq ft)

Listed by CENTURY 21 FIRST CANADIAN CORP

#28 175 GLENGARIFF Drive, Southwold, Ontario, N5P0G1

For saleJust listed

Today

$545K

#28 175 GLENGARIFF Drive, Southwold, Ontario, N5P0G1

2 bd2 ba2 pk1,300 ft²

Listed by SUTTON GROUP PREFERRED REALTY INC.

115 Optimist Drive, Southwold, Ontario, N5P3T2

For saleJust listed

4 days ago

$1.09M

115 Optimist Drive, Southwold, Ontario, N5P3T2

4 bd4 ba4 pk3,250 ft²Lot size 55 × 115 ft (6,325 sq ft)

Listed by SUTTON GROUP - SELECT REALTY INC.

35920 Talbot Line, Southwold (Shedden), Ontario, N0L2E0

For saleJust listed

5 days ago

$875K

35920 Talbot Line, Southwold (Shedden), Ontario, N0L2E0

3 bd3 ba13 pk2,250 ft²Lot size 100 × 317 ft (31,720 sq ft)

Listed by RE/MAX CENTRE CITY REALTY INC.

Investment analysis

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$949,000

Southwold

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51 × 117 ft (5,919 sq ft) lot size

Overview

This 4-bedroom, 3-bathroom home in Southwold is for sale offering roughly 2,250 sq ft of space. Its $949,000 asking price sits right in line with the $929,900 median in Southwold. It has been on the market 27 days, fresher than the Southwold average of 117 days.

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

Description

Under Power of Sale: Detached 4 Bedroom Home W/Garage on a good size lot on Optimist Dr. Conveniently located close to parks, schools, and major commuter route. Home is being SOLD " As-is Where-is " with No Representations and/or Warranties. (id:66096)

Property Details

MLS®: X13874746
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 51 × 117 ft (5,919 sq ft)
Frontage: 51 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $5,126.68/yr
Listed: 27 days ago

Rooms

Ground level

Family room
Kitchen
Dining room
Living room

Second level

Primary Bedroom
Bedroom 2
Bedroom 3
Bedroom 4

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

Features

Flooring: Hardwood, Carpeted
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Southwold listings, avg age

117d

Price / ft²

$422

List price

$949K

Homes here sell slower than most markets

Sold homes in this market spent an average of 73 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 Southwold has been listed for 27 days, which is 90 days fresher than the city average of 117. Act while there is still low competition.

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Listed by HOMELIFE NEW WORLD REALTY INC. · JAG RAI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5P)

This home lists at $949,000, about 12.2× the local median household income of $77,500.

Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 139% above the area median.

Median household income: $77,500
Population: 21,081
Median age: 42.8
Owner / renter: 68% / 32%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5P)

$949,000· $422/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $69,900

Min 7.37%50%

Mortgage payment$4,874/mo

↳ CMHC premium ($35,164 capitalized)

Property tax (est.)$427/mo

Total monthly$5,301

Cash Needed to Close

Down payment (7.37%)$69,900

Land transfer tax$15,455

Est. closing costs$5,347

Total cash needed$90,702

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice