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.
Welcome to 5 Palmer Marie Lane! This exceptional, accessible bungalow(4 plex) with over 2800 sq. ft. of living space on 2 levels with a walk out basement, is a perfect blend of comfort, style, and functionality. Built in 2022, this home boasts quality workmanship and design. On the main level, you'll find a chef-inspired kitchen with custom maple cabinets, an island/ breakfast bar, quartz countertops and pantry. The open-concept dining and living area provide a spacious warm and welcoming space. The primary bedroom is a private retreat with ensuite having a 4 ft. shower and soaker tub, while the second bedroom with walk in closet is perfect for guests or a home office. Laundry is conveniently located on the main level but could be relocated to the basement. With a STAIR LIFT to the lower level accessibility allows you to create an in law suite or enjoy it yourself with a large family room with a walk out to a private patio, a third bedroom and 3-piece bath as well as a huge storage room, utility room and cold room. Enjoy the outdoors from the front porch, upper deck, or lower patio. The attached garage is generous and lined in easy care Truss Core. Concrete driveway for 2 vehicles. Maintenance-free living is at its finest, with snow removal and lawn care taken care of for you. This well-maintained, worry-free Life Lease home is the answer to carefree living in an adult community. Call for details today!
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Owners vs Renters
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What’s NearbyDistances approximate
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Transit score information is not available for this listing.
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Always confirm school catchments with the local school board.
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$2,229/mo
Mortgage (principal + interest)$1,870
Property taxFrom listing: $4,308/yr$359
Minimum $24,995 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$99,980
Ontario land transfer taxProvincial brackets, no first-time refund$6,473
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$109,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Arran-Elderslie 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.
