$529,900

$543,800For salePrice drop↓ $13,900 (3%)

37 LAKE MARGARET Trail, St. Thomas - Single Family for Sale

37 LAKE MARGARET Trail, St. Thomas, Ontario, N5R6K7

2 beds2 baths3 parking1,300 ft²40 × 109 ft (4,327 sq ft) lot sizeListed 58 days ago

Overview

This 2-bedroom, 2-bathroom home in St. Thomas is for sale offering roughly 1,300 sq ft of space. Its $529,900 asking price sits right in line with the $552,535 median in St. Thomas. It has been on the market 58 days, fresher than the St. Thomas average of 71 days.

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Description

Welcome to this bright and spacious 2 bedroom + 2 den, 2-bathroom bungalow with an attached garage, located in the highly sought-after Lake Margaret Estates, just steps from scenic walking trails, Lake Margaret, Pinafore Park, schools, shopping, and everyday amenities. This move-in-ready home offers the perfect blend of comfort, functionality, and location.The inviting main floor features a sun-filled living room with soaring cathedral ceilings. The spacious kitchen is complete with refinished white cabinetry, ceramic flooring, a movable centre island, and an adjoining dining area with patio doors leading to a covered deck overlooking the fully fenced backyard-perfect for entertaining or enjoying your morning coffee.The generous primary bedroom offers double closets and cheater ensuite access, while a second bedroom completes the main level.The fully finished lower level significantly expands the living space with a large family room featuring laminate flooring and pot lighting, an additional 2 bedrooms, a 3-piece bathroom, laundry area, and ample storage.Whether you're looking to downsize without sacrificing space or searching for a family-friendly home in one of St. Thomas' most desirable neighbourhoods, this exceptional property is ready to welcome you home. Singles 2018. Furnace 2023, AC (heat pump) 2023, water heater 2024. (id:66096)

Property Details

MLS®: X13754318
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 40 × 109 ft (4,327 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
Fireplace: Yes
Ownership: Freehold
Property Tax

Features

Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

St. Thomas listings, avg age

71d

Price / ft²

$408

List price

$530K

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in St. Thomas has been listed for 58 days, which is 13 days fresher than the city average of 71. Act while there is still low competition.

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Listed by THE REALTY FIRM INC. · ANITA PIMENTEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5R)

This home lists at $529,900, about 6.6× the local median household income of $80,000.

Carrying it typically needs a household income of about $103,508 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.

Median household income: $80,000
Population: 30,680
Median age: 44.8
Owner / renter: 74% / 26%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5R)

$529,900· $408/ft²

For sale

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Full Cost Breakdown

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Down Payment5.28% · $27,990

Min 5.28%50%

Mortgage payment$2,783/mo

↳ CMHC premium ($20,076 capitalized)

Property tax (est.)$360/mo

Total monthly$3,143

Cash Needed to Close

Down payment (5.28%)$27,990

Land transfer tax$7,073

Est. closing costs$4,090

Total cash needed$39,153

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