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077597 7th Line SW, Melancthon, ON L9V 2B6

5 beds · 2 baths · 1 kitchen · 11 rooms · 4 parking spaces · 2000-2500 sq ft · Laundry on the main level level · Detached
$699,900
Property tax
$3,570 / year

Located in the hamlet of Riverview in Melancthon, 077597 7th Line SW is a 1.82 acre property positioned directly alongside the Grand River, offering a rare combination of space, character, and natural surroundings. Set back from the road, the home is introduced by a covered wrap around front porch finished with composite decking, creating a quiet place to enjoy morning coffee while listening to the soothing sound of the waterfall in the distance. Inside, wood floors extend throughout the hall and kitchen on the main level, complemented by 9 foot ceilings, original trim work, and a restored staircase that reflects the home's craftsmanship and history. The living room features a wood stove and opens into the dining room that is currently used as a family room. At the rear, the full country kitchen is designed in a classic farm style layout, offering built-in shelving, a large bay window overlooking the river, and a walk out to the covered deck. A room off the kitchen is currently set up as a home office but can easily function as an additional bedroom depending on your needs. The back mudroom includes laundry, a second wood stove, and direct access to the deck through patio doors. This area also connects to an additional bonus room with exposed brick, leading through to both a wood storage room and a workshop, adding versatility for hobbyists or those requiring extra utility space. The upper level can be accessed by two staircases, one at the front of the home and one from the kitchen. Upstairs, wood flooring continues throughout, with large windows bringing in natural light. This level features four well proportioned bedrooms, including one with a walk in closet, all serviced by a 4 piece bathroom. Set beside the Grand River, this peaceful Melancthon property is an easy drive to Blue Mountain, Wasaga Beach, the Bruce Trail and Mulmur Hills for year round outdoor adventure.

MLS number
X13104536
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
2
Postal code
L9V 2B6
Photos
50
Laundry
Main Level level
128days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 822 people.

$92,000Median household income
76.4%Own their home
98.2%Detached houses
38.8Median age
11.2%Born outside Canada
9.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35220145 — the few blocks around this address, home to 822 people. It describes the area, not this property.

822Population
39.3Average age
2.8Household size
$102,000Average household income
$92,000Median household income
76%Own their home
24%Rent
0%Condominiums
11%Born outside Canada
9%University degree
$790,000Average home value
7%Low income
43%Not in the labour force
29%Never married
$10,000 to $14,9991%
$15,000 to $19,9992%
$25,000 to $29,9991%
$30,000 to $34,9992%
$40,000 to $44,9991%
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over31%
$100,000 to $124,99910%
$125,000 to $149,9998%
$150,000 to $199,99910%
$200,000 and over5%

Percentages are of the 415 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$139,980 · minimum here is $44,990
$3,099.01per month
Borrowed before insurance$559,920
Total borrowed$559,920
Interest over 25 years at 4.5%$369,782

If you rented it out

-$3,396.51per month out of pocket
Rent$0.00
Everything it costs to hold$3,396.51
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE RCR REALTY. Listing data provided by the Toronto Regional Real Estate Board.