2 LOSSING Drive, Norwich, ON
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Property Highlights
Welcome to this remarkable Other detached located in the coveted neighborhood of Norwich Town. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $795,000 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.
- 5 Bedrooms and 3 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 52.37 x 135.35 ft lot
- Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater Owned, Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located in a quiet area, on a beautiful lot backing onto a school sports field sits this expansive 5-level home with more than 4,000 square feet of total living space. Fully finished on 3 levels, offering 2,474 square feet of finished area, this spacious home has 5 bedrooms, 3 full bathrooms, large principal rooms including formal and casual living areas which are large enough for the whole family. The main floor has direct entry from the attached 2-car garage into the large oak eat-in kitchen with loads of cabinetry, breakfast bar, and access to the upper deck ideal for grilling or a morning coffee. Also on the main floor is a formal living room and dining room with hardwood flooring throughout, walk up a few stairs to the upper level which hosts 3 bedrooms and 2 bathrooms including a principal suite with ensuite and walk-in closet. The finished lower level has a large family room with sliding door to the rear deck, 2 bedrooms and a 3-pc bathroom. The 2 unfinished basement levels offer loads of future potential. The layout of this home lends itself to an in-law suite and multi-generational living. This spacious home offers incomparable value. Outside amenities include tiered deck, fire-pit area, mature trees, paved driveway and covered front porch.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2 LOSSING Drive, Norwich, ON N0J 1P0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Norwich, ON
For a property listed at $795,000 in Norwich, the legal minimum down payment is $54,500 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 $12,375 for this transaction. As this listing is in Norwich (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,375.
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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.
