5 CHERRYWOOD Avenue, Pelham, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 662 - Fonthill. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $639,900 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 700-1100 sqft on a premium 70 x 180 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient unknown configuration
- Notable attributes: Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A true Fonthill Gem! Welcome to 5 Cherrywood Avenue, Fonthill! This 3 bedroom, 1.5 bathroom solid brick bungalow sits on an oversized 70' x 180' lot in a desirable area of Fonthill. Conveniently located a short stroll to Downtown Fonthill, Peace Park, Restaurants, Shopping, Schools, Churches, Marlene Stewart Park, the Shorthills Provincial Park and so much more. The home is filled with plenty of natural light and offers an eat-in kitchen with access to the backyard, a large living room and three bedrooms on the main floor. The kitchen has a newer gas stove and overlooks the vast back yard that is fenced, except one small width from the house to the property line on the West side of the home. As a bonus, the original hardwood floors on the main floor are in excellent condition! The recreational room in the basement was recently renovated and has vinyl flooring, a half bathroom and new windows making it the perfect overflow space for the growing family. There is also a workshop / laundry area in the basement providing plenty of storage space. The roof was done in 2013, new eaves and fascia in 2015. This home has been lovingly maintained and is ready to become your next family home! The huge backyard is very private, with a patio area, a shed for outdoor storage, and as a bonus, there is an established vegetable garden for you to enjoy! Dont miss this rare opportunity to get into a great homeschedule your viewing today!
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Pricing & Value Insights
Data-driven valuation for 5 CHERRYWOOD Avenue, Pelham, ON L0S 1E3
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About Purchasing a Home in Pelham, ON
For a property listed at $639,900 in Pelham, the legal minimum down payment is $38,990 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 $9,273 for this transaction. As this listing is in Pelham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,273.
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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.
