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C$599,000

reducedC$

360 BIRMINGHAM St, Wellington North, Ontario, N0G 2L2

bedrooms 2 Bedroom
|
washrooms 2 Bathroom
|
garages 1 Garage

MLS - #X11879686

FOR Sale

Description

A rare offering! This well-built 2+2 bed bungalow offers the perfect blend of comfort and convenience in a sought-after neighbourhood, with great walkability to downtown shopping, green space, playgrounds and schools. Nestled on a large, fully fenced lot with mature trees, the outdoor space is ideal for both family life and entertaining, featuring a multi-level deck, two gates for easy access, and a handy storage shed. Step inside to discover the ease of main floor living at its finest. The spacious living room, bathed in natural light from a lovely bay window, flows effortlessly into the country kitchen, which opens directly onto your private back deck. With two generous bedrooms, a beautifully renovated 5-piece bathroom, and a dedicated laundry room, this home is designed for modern living with barely any stairs. The fully finished lower level is a fantastic bonus, boasting brand-new carpeting throughout, a large rec room with a cozy gas fireplace, two additional bedrooms, and a recently updated 3-piece bathroom. You'll never run out of storage here, with plenty of space to keep things organized. For the hobbyist or DIY enthusiast, the attached garage with a large workbench and separate entrance provides ample room to work and store tools. The double-wide paved driveway offers plenty of parking, with no sidewalk out front, ensuring that no valuable parking space is lost. With fresh paint, upgraded fixtures throughout, and nothing left to do, this move-in ready home is waiting for you! Book your showing today and make it home for the holidays.

Last check for updates

Property type

Detached

Style

Bungalow

Community

Mount Forest

Lot size

8,000 Sqft

Garage spaces

1

Home Overview

Basement information

Finished, Full

Virtual tour

Mls® #

X11879686

Building size

Status

Active

Property sub type

Taxes

$3,656

Tax year

2024

Maintenance fee

N/A

Year built

2024

Interior

# total bathrooms

2

# Full baths

2

# of above grade bedrooms

2

# of rooms

14

Family room available

Yes

Laundry information

Exterior

Construction materials

Brick

Other structures

# garage spaces

1

# parking spaces

4

Garage features

Attached

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Other

Amenities / Utilities

Cooling

None

Heat source

Gas

Heat type

Baseboard

Sewers

Sewers

Location

Water source

Municipal

Area

Wellington

Community

Mount Forest

Community features

Hospital, , , , ,

Directions

3rd block east of Hwy 6.

walking  Walk Score for 360 BIRMINGHAM St

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Steps to calculate your payments using a mortgage calculator

1. Determine the purchase price of the home.

2. Calculate the down payment (usually 5-20% of the purchase price in Canada).

3. Subtract the down payment from the purchase price to get the mortgage amount.

4. Choose a mortgage term (typically 5 years in Canada) and amortization period (usually 25-30 years).

5. Determine the interest rate (check current rates from Canadian lenders).

6. Use a mortgage calculator or formula to determine the monthly payment based on the mortgage amount, interest rate, and amortization period.

7. Factor in additional costs like property taxes, home insurance, and possibly mortgage insurance if the down payment is less than 20%.

8. Consider the impact of making accelerated bi-weekly payments instead of monthly payments to pay off the mortgage faster.

9. Review the total interest paid over the life of the mortgage.

10. Ensure the monthly payments fit within your budget, typically not exceeding 32% of your gross monthly income for housing costs.

Terms Explained

Home Value: The current market value or purchase price of the property.

Down Payment: The initial upfront portion of the total home purchase price paid by the buyer.

Mortgage Amount: The amount borrowed from a lender to purchase the home (Home Value minus Down Payment).

Interest Rate: The percentage charged by the lender for borrowing the money, usually expressed as an annual rate.

Mortgage Term: The length of time your mortgage agreement and interest rate are in effect (typically 1-5 years in Canada).

Amortization Period: The total length of time it will take to pay off the entire mortgage (usually 25-30 years in Canada).

Monthly Payment: The amount paid each month towards the mortgage, including principal and interest.

Principal: The original amount borrowed, which decreases as payments are made.

CMHC Insurance: Mortgage default insurance required for down payments less than 20% of the home's value.

Property Taxes: Annual taxes levied by local governments based on the property's assessed value.

Home Insurance: Coverage to protect the property against damage or loss.

Land Transfer Tax: A tax paid to the provincial government when purchasing a property.

Closing Costs: Additional expenses incurred when finalizing a home purchase (legal fees, inspections, etc.).

Prepayment Privileges: Options to pay extra towards the mortgage without penalties.

Fixed Rate Mortgage: A mortgage where the interest rate remains constant for the term.

Variable Rate Mortgage: A mortgage where the interest rate can fluctuate based on the prime rate.

Refinancing: The process of replacing an existing mortgage with a new one, often to take advantage of better terms or rates.

These terms are commonly used in mortgage calculations and discussions about home financing in Canada.
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