$1,270,000

For sale

62 GERBER MEADOWS Drive, Wellesley - Single Family for Sale

62 GERBER MEADOWS Drive, Wellesley, Ontario, N0B2T0

5 beds4 baths4 parking3,563 ft²Listed 37 days ago

Overview

This 5-bedroom, 4-bathroom home in Wellesley is for sale offering roughly 3,563 sq ft of space. It has been on the market 37 days, fresher than the Wellesley average of 58 days.

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Description

Welcome to executive living in the heart of Wellesley! This beautifully upgraded 7 bed, 5 bath home sits on a large lot and offers the perfect blend of space, comfort and small-town charm. Soaring ceilings and oversized windows create a bright, open feel from the moment you walk in. The kitchen features granite counters, gas stove and an island with bar fridge, while the family room showcases a stone fireplace with new mantle. A main floor office, upper level laundry and four generous bedrooms upstairs, including 2 updated ensuites and 3 walk-in closets, make this home as practical as it is stylish. The finished basement adds a rec room, games room, gym, bedroom, full bath and kitchenette, with room for the whole family. Major updates include roof, furnace, A/C, windows, siding, deck and fence (approx. 10 yrs), 200A panel, PEX plumbing, waterproofed foundation, battery backup sump pump and smart home features, plus new flooring, lighting and hardware throughout. Enjoy a landscaped backyard with new shed and an aggregate driveway. Walk to school, parks, library and arena. Minutes to KW, NewHamburg, Stratford and just 13 min to Costco! (id:66096)

Property Details

MLS®: 40867229
Property Type: Single Family
Zoning: A
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 4
Half Baths: 1
Parking: 4
Interior Size: 3,563 ft²
Frontage: 66 ft
Year Built: 2010
Storeys: 2
Style: Other
Basement: Finished, Full
Heating: Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Covered
Fireplace

Rooms

Main level

Office: 8'0'' x 8'10''
Family room: 13'1'' x 16'10''
2pc Bathroom
Kitchen: 13'2'' x 20'8''
Dining room: 9'3'' x 12'5''
Living room: 9'0'' x 12'8''

Basement

Games room: 13'5'' x 18'9''
Recreation room: 13'2'' x 17'8''
Bedroom: 9'4'' x 13'3''
Exercise room: 15'6'' x 17'9''

Second level

Features

Appliances: Washer, Water softener, Central Vacuum, Dishwasher, Wine Fridge, Stove, Dryer, Garage door opener
Exterior: Brick, Stucco
Lot Features: Conservation/green belt, Sump Pump, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Wellesley listings, avg age

58d

Price / ft²

$356

List price

$1.27M

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 5-bed single family in Wellesley has been listed for 37 days, which is 21 days fresher than the city average of 58. Act while there is still low competition.

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Listed by New Era Real Estate · John Martino

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $1,270,000, about 10.6× the local median household income of $120,000.

Carrying it typically needs a household income of about $248,075 (20% down, 25-yr amortization, stress-tested) — roughly 107% 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)

$1,270,000· $356/ft²

For sale

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Full Cost Breakdown

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Down Payment8.03% · $102,000

Min 8.03%50%

Mortgage payment$6,476/mo

↳ CMHC premium ($46,720 capitalized)

Property tax (est.)$459/mo

Total monthly$6,934

Cash Needed to Close

Down payment (8.03%)$102,000

Land transfer tax$21,875

Est. closing costs$6,310

Total cash needed$130,185

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