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C$1,050,000

reducedC$

83 Cassels Rd, Whitby, Ontario, L1M 1C6

bedrooms 3 Bedroom
|
washrooms 2 Bathroom
|
garages 2 Garage

MLS - #E11896994

FOR Sale

Description

Welcome to this absolutely gorgeous, one-of-a-kind century home where timeless charm meets modern luxury! Fully renovated from top to bottom, this stunning 3-bedroom Century home seamlessly blends historic character with contemporary style. Nestled on an oversized 68x166 ft lot in downtown Brooklin with a grand circular driveway, this home's curb appeal is only rivaled by its interior. Enjoy an open concept layout with spacious principal rooms and loaded with quality upgrades like hardwood flooring, crown moulding, smooth ceilings and modern lighting throughout. The heart of the home, a stunning kitchen, boasts unique features that are both functional and beautiful, such as the stunning banquette eating area and gorgeous live edge breakfast bar - perfect for culinary adventures and gatherings. The combined living/dining room provides a beautiful spot to enjoy a meal or watch the world walk by through the lovely bay window. Through a unique barn door you'll find the main floor bedroom - a separate retreat with 3 pc bathroom. The family room, with striking gas fireplace, is bathed in natural light from an abundance of windows, creating a warm and inviting atmosphere for relaxation. Step outside to discover a private backyard oasis, where a covered deck with cozy sitting area, perennial gardens, a soothing fish pond and mature trees provide a serene escape. Whether you're sipping coffee among the blooms or hosting a summer barbecue, this backyard is built for making memories. Upstairs, you'll find two spacious bedrooms including the primary retreat with incredible walk-in dressing room and 4 pc ensuite. The home office is conveniently located right off the side and garage entrance and is the perfect space for the work-at-home professional! This is not just a house, it's a piece of history, lovingly restored and ready for its next chapter!

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Property type

Detached

Style

Sidesplit 3

Community

Brooklin

Lot size

11,483 Sqft

Garage spaces

2

Home Overview

Basement information

Unfinished, null

Virtual tour

Mls® #

E11896994

Building size

Status

Active

Property sub type

Taxes

$7,700

Tax year

2024

Maintenance fee

N/A

Year built

2024

Interior

# total bathrooms

2

# Full baths

2

# of above grade bedrooms

3

# of rooms

9

Family room available

Yes

Laundry information

Main

Exterior

Construction materials

Vinyl Siding

Other structures

Garden Shed

# garage spaces

2

# parking spaces

8

Garage features

Attached

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Private

Amenities / Utilities

Cooling

Central Air

Heat source

Gas

Heat type

Forced Air

Sewers

Sewers

Location

Water source

Municipal

Area

Durham

Community

Brooklin

Community features

, , , , ,

Directions

Cassels & Duke

Extras

Huge 68 x166 ft lot with circular drive, hrdwd floor, crown moulding, smooth ceilings, modern lighting, heated floors (prim ensuite), 200amp, Blue Star gas stove, Vermont casing gas f/p, home office, Anderson windows (family), LG heat pumps

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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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