54 Optimist Drive, Southwold, ON

$999,313
MLS#:X9393435
4 beds
4 baths
2500-3000 sqft
6.0 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This listing is no longer active (Sold)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 2-Storey detached located in the coveted neighborhood of Rural Southwold. Expertly crafted featuring premium brick front and stone construction, this residence presents an exceptional opportunity offered at $999,313 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.

  • 4 Bedrooms and 4 Bathrooms
  • Generous living space spanning 2500-3000 sqft on a premium 56.56 x 127.69 ft lot
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this Custom Built Harp Model By Don West Homes. Situated 25 min from London ON & 10 min from St. Thomas, ON. This fantastic 2500 above ground Sq ft, 4 bedroom, 4 bath home is centrally located & will feature luxury finishes. The Main floor features an open-concept kitchen with Upgraded Cabinetry & Quartz Counter-tops with undermont sink. Kitchen opens to the Dinette & Large Open Family room. Patio Doors leading to the pool size backyard and large windows surround this space. A formal Living/Dining room, 2 PC Bath & Inside Entry from the 2 Car Garage to the Mudroom/Laundry complete this main floor. The 2nd floor boasts 4 Spacious Bedrooms and A lookout over the main Living Area. Dream Primary Bedroom W/5 PC En-suite & A Walk-In Closet. Second Bedroom with its own 4 PC En-suite. the Last 2 Bedrooms Share a Jack & Jill 3 PC washroom. Come and experience this remarkable property for yourself. Don't miss out on this extraordinary opportunity!

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Key Features

Bedrooms
4
Bathrooms
4
Kitchens
1
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 2, 2024
Sold price information is available to members only
Listed Date10/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick Front, Stone
BasementUnfinished
Lot Size56.56 × 127.69 Feet
CountyElgin
Annual Tax$5,070
Legal DescriptionLOT 120, PLAN 11M249 TOWNSHIP OF SOUTHWOLD

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Hospital, Library, Park, Place Of Worship, Rec./Commun.Centre

Interior Features

None

Security Features

Community Features

Location

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54 Optimist Drive, Southwold, 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 54 Optimist Drive, Southwold, ON N5P 3T2

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 Southwold.

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Interest Rate5.25%
Down Payment$74,931 (7.5%)
* Minimum Canadian down payment required for this price is $74,931.
Amortization Period25 Years
Estimated Monthly Payment$5,509Based on a loan of $924,382 over 25 years.
Purchase Price$999,313
Loan Amount$924,382
Provincial Land Transfer Tax:$16,461
Total Estimated Closing Taxes:$16,461

About Purchasing a Home in Southwold, ON

For a property listed at $999,313 in Southwold, the legal minimum down payment is $74,931 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 $16,461 for this transaction. As this listing is in Southwold (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,461.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Southwold, Southwold.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$817,575

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.