47 Ridgemount Drive, East Ferris, ON

$499,900
MLS#:X11985411
3 beds
2 baths
1100-1500 sqft
7.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Corbeil. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 120 x 263.18 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Primary Bedroom - Main Floor, Storage, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

Charming Country Home within minutes to the city of North Bay! Enjoy the best of both worlds in this stunning country home, nestled on a quiet, family-friendly street while still offering quick access to city amenities. This spacious property boasts an attached single-car garage, a detached workshop with Hydro, and multiple sheds for extra storage. Inside, the bright and airy living room features built-in cabinetry and a cozy propane fireplace, with beautiful views of the backyard. The open-concept kitchen is a chefs dream, offering ample cabinet and counter space, seamlessly flowing into the dining room and enclosed sunroom. Upstairs, you'll find three spacious bedrooms, including a primary suite with patio doors leading to a private deck. The luxurious bathroom includes a soaker tub and a large walk-in shower. The lower level is perfect for entertaining, with a generous L-shaped rec room complete with a bar and pool table, plus a den, a three-piece bathroom, and plenty of storage. Recent updates include new shingles within the last year. This home is truly a perfect retreat for families looking for comfort, space, and the charm of country living close to city convenience!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 4, 2025
Sold price information is available to members only
Listed Date2/24/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFull, Finished
Lot Size120 × 263.18 Feet
CountyNipissing
Annual Tax$3,013.62
Legal DescriptionPCL 7-1 SEC 36M473; LT 7 PL M473 EAST FERRIS; EAST FERRIS ; DISTRICT OF NIPISSING

Parking & Garage

Parking Spaces7.0
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

School, School Bus Route, Wooded/Treed

Interior Features

Primary Bedroom - Main Floor, Storage, Sump Pump

Security Features

Community Features

Location

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47 Ridgemount Drive, East Ferris, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 47 Ridgemount Drive, East Ferris, ON P0H 1K0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in East Ferris.

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Interest Rate5.25%
Down Payment$24,995 (5.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period25 Years
Estimated Monthly Payment$2,830Based on a loan of $474,905 over 25 years.
Purchase Price$499,900
Loan Amount$474,905
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in East Ferris, ON

For a property listed at $499,900 in East Ferris, the legal minimum down payment is $24,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,473 for this transaction. As this listing is in East Ferris (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,473.

Nearby Listings

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No current listings found in East Ferris.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Corbeil, East Ferris.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$621,517

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.