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C$1,499,000

reducedC$

59 MENNO St, Woolwich, Ontario, N0B 1M0

bedrooms 2 Bedroom
|
washrooms 2 Bathroom
|
garages 1 Garage

MLS - #X11898426

FOR Sale

Description

Discover your meticulously maintained oasis in the heart of Breslau! This beautifully updated 4-bedroom, 2-bathroom home sits on just over an acre of land, offering the perfect blend of modern comfort, outdoor serenity, and stunning gardens. Every aspect of this home has been updated with the utmost attention to detail, including new windows, roof, gorgeous new floors, and a completely remodeled kitchen and bathrooms. The custom curved banister is a true showpiece, reflecting craftsmanship and precision throughout. Step outside into a backyard paradise, where lush, meticulously landscaped gardens surround a custom-built covered deck perfect for outdoor entertaining. Enjoy evenings by the firepit or simply relax in this peaceful setting. The 26' x 30' fully insulated workshop/garage is ideal for hobbyists, car enthusiasts, or those looking for the ultimate man cave. The adjacent property is home to an exciting new development project named Wild Indigo Homes by Madison Group. This thoughtfully planned community will feature a collection of single-family homes and townhomes in a private enclave, complete with parks, scenic walking trails, a picturesque pond, and inviting community gathering areas. This home has been lovingly cared for, inside and out, making it a rare find in Breslau. Don't miss your chance to own this incredible, move-in ready property!

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Property type

Detached

Style

Bungalow-Raised

Community

Lot size

47,256 Sqft

Garage spaces

1

Home Overview

Basement information

Sep Entrance, W/O

Virtual tour

Mls® #

X11898426

Building size

Status

Active

Property sub type

Taxes

$5,508

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

Workshop

# garage spaces

1

# parking spaces

6

Garage features

Attached

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Other

Amenities / Utilities

Cooling

Central Air

Heat source

Gas

Heat type

Forced Air

Sewers

Sewers

Location

Water source

Municipal

Area

Waterloo

Community

Community features

, , , , ,

Directions

Follow Fountain Street to Woolwich Street South, Turn East on Menno Street. Property is at the end of the street.

walking  Walk Score for 59 MENNO 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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