$699,999

For sale

2157 Gerber Road, Wellesley - Single Family for Sale

2157 Gerber Road, Wellesley, Ontario, N0B2T0

2 beds2 baths8 parking1,300 ft²148 × 164 ft (24,272 sq ft) lot sizeListed 46 days ago

Overview

This 2-bedroom, 2-bathroom home in Wellesley is for sale offering roughly 1,300 sq ft of space. Listed at $699,999, it is attractively priced about 33% below the $1,050,000 median asking price in Wellesley. It has been on the market 46 days, fresher than the Wellesley average of 57 days.

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Description

Experience the perfect blend of small-town charm, privacy, and modern comfort with this beautifully renovated bungalow on the edge of Wellesley. Set on a scenic, landscaped lot just under half an acre and surrounded by mature trees, this inviting property offers a peaceful setting while keeping the conveniences of town close at hand. The approximately 1,400 sq. ft. bungalow features 3 bedrooms and 1.5 bathrooms, with thoughtful updates creating a comfortable, move-in-ready home. Outside, the generous lot provides plenty of room to relax, garden, or enjoy the outdoors, while the excellent detached 2-car garage offers ample space for vehicles, hobbies, a workshop, and additional storage. A rare opportunity to enjoy a beautifully updated home, an impressive lot, and a private setting-all within the welcoming community of Wellesley. (id:66096)

Property Details

MLS®: X13805536
Property Type: Single Family
Zoning: UR
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 8
Interior Size: 1,300 ft²
Lot Size: 148 × 164 ft (24,272 sq ft)
Frontage: 148 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage, RV
Fireplace

Rooms

Ground level

Living room: 5.95 x 5.33 meters
Laundry room: 3 x 2.58 meters
Bedroom 2: 4.48 x 2.75 meters
Bedroom: 4.44 x 3.6 meters
Bedroom 3: 3.81 x 3.59 meters
Bathroom: 1.29 x 1.75 meters
Foyer: 3.01 x 2.86 meters
Bathroom: 2.67 x 2.23 meters

Main level

Kitchen: 3.83 x 5.5 meters
Dining room: 3.18 x 6.53 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Foundation: Slab
Exterior: Hardboard
Lot Features: Wooded area, Conservation/green belt

Services

Water: Municipal water
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Wellesley listings, avg age

57d

Price / ft²

$538

List price

$700K

Homes here sell close to asking price

Homes in this market sold for an average of 98.5 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 Wellesley has been listed for 46 days, which is 11 days fresher than the city average of 57. Act while there is still low competition.

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Listed by Wilfred McIntee & Co Limited · DARREN MARTIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $699,999, about 5.8× the local median household income of $120,000.

Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.

Median household income: $120,000
Population: 86,919
Median age: 42.8
Owner / renter: 88% / 12%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N0B)

$699,999· $538/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment6.43% · $44,999.90

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,200 capitalized)

Property tax (est.)$385/mo

Total monthly$4,016

Cash Needed to Close

Down payment (6.43%)$45,000

Land transfer tax$10,475

Est. closing costs$4,600

Total cash needed$60,075

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