346 Moorings Drive, Kawartha Lakes, ON

$999,900
MLS#:X8398050
3 beds
2 baths
4.0 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This listing is no longer active (Sold)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 1 1/2 Storey detached located in the coveted neighborhood of Somerville. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $999,900 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
  • Premium 95 x 189 ft lot size
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

Charming 3 bedroom waterfront home on Burnt River with access to Cameron Lake & Balsam Lake. Stunning Westerly sunsets. A naturalists dream - bald eagles, swans, otters & loons. Catch bass, pickerel & pike right off the dock. Just minutes from the Rosedale locks and town amenities. Bright chef's kitchen, open concept layout with large windows that frame beautiful views. The living room opens to a spacious wrap around deck overlooking the water, perfect for enjoying morning coffee or sunset dinners. Main floor laundry room. Upstairs you'll find three generous sized bedrooms and a spa-inspired bathroom, all designed for comfort and relaxation. Situated on a professionally landscaped 95' x 189' lot with beautiful gardens, spacious driveway and mature trees. This property features both floating and permanent docks and a sandy beach area ideal for kids. High, dry, and insulated concrete crawl space. A wonderful community with street bbq get togethers & golf tournaments. The perfect home to make unforgettable family memories!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 17, 2024
Sold price information is available to members only
Listed Date6/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionWood
BasementCrawl Space
Lot Size95 × 189 Feet
CountyKawartha Lakes
Annual Tax$4,057.26
Legal DescriptionCON 10 PT LT 32 LT 21 PL 457; CITY OF KAWARTHA LAKES

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Lake Access, Waterfront

Interior Features

None

Security Features

Community Features

Location

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346 Moorings Drive, Kawartha Lakes, 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 346 Moorings Drive, Kawartha Lakes, ON K0M 1N0

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 Kawartha Lakes.

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Interest Rate5.25%
Down Payment$74,990 (7.5%)
* Minimum Canadian down payment required for this price is $74,990.
Amortization Period25 Years
Estimated Monthly Payment$5,512Based on a loan of $924,910 over 25 years.
Purchase Price$999,900
Loan Amount$924,910
Provincial Land Transfer Tax:$16,473
Total Estimated Closing Taxes:$16,473

About Purchasing a Home in Kawartha Lakes, ON

For a property listed at $999,900 in Kawartha Lakes, the legal minimum down payment is $74,990 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 $16,473 for this transaction. As this listing is in Kawartha Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,473.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Somerville, Kawartha Lakes.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$831,582

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.