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465 Spruce Street, Centre Wellington, ON N1M 2W5

1 bed · 1 bath · 1 kitchen · 4 rooms · 2 parking spaces · 700-1100 sq ft · Laundry on the main level level · Modular Home
$399,000
Property tax
$586 / year

Located at 465 Spruce Street in Maple Leaf Acres, this 1 bedroom modular home with approximately 1,072 sq ft of living space offers year round land lease living in Centre Wellington with community access to Belwood Lake. The front door opens into a bright living room with wide plank flooring, skylights and a propane fireplace. From here, the home flows into a large eat in kitchen featuring warm wood cabinetry, stainless steel appliances, a propane stove and a generous centre island with seating. There is room to cook, gather around the island and still sit down together for dinner. Just off the kitchen, sliding barn doors open to the den, which features tall windows and a vaulted ceiling. Set it up as a traditional bedroom or use it as a den, home office or hobby space. The primary bedroom is located down the hall at the back of the home and also features a vaulted ceiling. A modern 3 piece bathroom with a glass shower and a conveniently tucked away laundry closet complete the interior. The covered porch has space for everything. There is room for a dining table, lounge seating and even a television, so summer can pretty much happen out here. Whether it is morning coffee, dinner outside or an evening with friends, this space is ready for it. Steps lead down to a private patio with room for the barbecue, while the storage shed with hydro keeps outdoor extras out of sight. Maple Leaf Acres has two recreation centres, including one reserved for adults and another used for dances, darts, shuffleboard, pickleball and community events. Amenities also include indoor and outdoor swimming pools, a hot tub, children's play areas, a baseball diamond, sports field, takeout restaurant and community boat launch onto Belwood Lake. Roads and common areas are maintained throughout the year. With its modern interior, flexible layout, inviting outdoor spaces and impressive community amenities, this might just be the most fun move you make.

MLS number
X13706104
Type
Modular Home
Status
Active
Bedrooms
1
Bathrooms
1
Postal code
N1M 2W5
Photos
44
Laundry
Main Level level
19days · 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 183 people.

100%Own their home
30%Detached houses
64Median age
45.7%Born outside Canada
8.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35230324 — the few blocks around this address, home to 183 people. It describes the area, not this property.

183Population
60.2Average age
1.8Household size
100%Own their home
0%Rent
0%Condominiums
46%Born outside Canada
9%University degree
$296,000Average home value
14%Never married
10 to 14 years3%
15 to 19 years6%
20 to 24 years3%
25 to 29 years3%
40 to 44 years3%
45 to 49 years6%
50 to 54 years6%
55 to 59 years8%
60 to 64 years17%
65 to 69 years11%
70 to 74 years14%
75 to 79 years8%
80 to 84 years14%

Percentages are of the 180 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.

$79,800 · minimum here is $19,950
$1,766.69per month
Borrowed before insurance$319,200
Total borrowed$319,200
Interest over 25 years at 4.5%$210,806

If you rented it out

-$1,815.52per month out of pocket
Rent$0.00
Everything it costs to hold$1,815.52
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.