The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Plan ahead by buying now and rent until the time is right to downsize. This well-maintained 706 sq ft 2-bedroom, 1-bath condo is located in the heart of charming Merrickville. Whether you're looking to downsize, buy your first property, or add to your investment portfolio, this is a great opportunity. The unit has been lovingly cared for, and could be rented for approx. 1600-1800 a month, making it an excellent option for investors. Inside, you'll find a spacious living room with large window allowing tons of natural light. Just off the living room is a large eat-in kitchen, perfect for everyday comfort and convenience. The condo also features two generously sized bedrooms, a 4-piece bathroom, and a separate storage room. Enjoy being within walking distance to downtown Merrickville, where you can shop, dine, and take in the charm of the village. If you love the outdoors, you'll appreciate the nearby canal system and waterfront scenery. Commuters will also value the short drive to Kemptville, Smiths Falls, and Ottawa. Don't miss this opportunity. Taxes are 1632.00 per year, condo fees are 619.95 monthly, the hot water heater is a rental of 22.00 and was installed in 2023, Parking spot #21.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,560/mo
Mortgage (principal + interest)$804
Property taxFrom listing: $1,632/yr$136
Condo feesFrom listing$620
Minimum $10,745 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$42,980
Ontario land transfer taxProvincial brackets, no first-time refund$1,874
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$47,654
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Merrickville-Wolford has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
