Sold for:Sold Jun 4, 2025
$500,000

5207 88 Line

North Perth (Wallace), ON N0G 1Y0

Detached House SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 5207 88 Line, North Perth, Wallace

2025-05-14
2025-06-05
Sold
Price
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MLS#
x12148168
2024-08-14
2024-11-30
Expired
Price
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 5207 88 Line, North Perth, Wallace

GENEROUS, FLEXIBLE SPACE WITH ENDLESS POTENTIAL! Unique opportunity offering more than 3,500 sq ft of finished space, including an impressive 500 sq ft of finished bonus area in the garage perfect for a studio, office, gym, or creative space. This spacious 3-bedroom home is located in the quiet hamlet of Wallaceville and boasts over 3,000 sq ft of above-grade living, PLUS 500 sq ft of versatile finished garage space. Whether you're a hobbyist, entrepreneur, or looking for multi-generational living options, this property has it all. Inside, the main level features a full kitchen, 4-piece bath, and a oversized flex space. Upstairs, you'll find another kitchen, two additional bedrooms, a full bath, and expansive living areas ideal for an in-law setup. The detached shop includes an upper-level rec room, making it a dream for business owners, craftsmen, or anyone needing serious workspace. And here's the game-changer: this property is zoned Hamlet Commercial, opening the door to countless possibilities home-based business, retail, office, studio, or more! Conveniently located just 10 minutes to Listowel and 25 minutes to Elmira, this home combines rural charm with easy access to everyday amenities. With this square footage, zoning flexibility, and WOW check out this price range you wont find better value. The possibilities here are truly endless. Don't miss out. Contact your agent today for a private viewing of this one-of-a-kind property!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,099
Land Transfer Tax Fee
$6,475

Rental Items

Rental Equipment
Propane Tank
Under Contract
Propane Tank

Basement Type
Partial Basement, Unfinished

Interior Features

Laundry Level
Main Level
Interior Extras
Sump Pump, Water Heater
Fireplace/Stove
Yes
Fireplace Features
Living Room, Wood
Elevator
No

Exterior Features

Exterior Extras
Deck, Landscaped
Pool
None

Building

Building Type
Detached
Building Style
2-Storey
Approx Age
100+

Construction

Exterior Finish
Vinyl Siding
Roof
Metal
Foundation Details
Poured Concrete, Stone
Special Designation
Unknown

Lot

Lot Front
82.50 ft
Lot Depth
97.00 ft
Lot Size
0.18

Inclusions

Inclusions
any appliances as is condition

Parking & Garages

Garage Type
Detached
Garage Spaces
1
Parking Spaces
4
Total Garage And Parking Spaces
5

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
None
Water
Well
Sewers
Septic

Bedrooms
3
Washrooms
2
Kitchens
2
Family / bonus room
Yes

Room sizes

  • Bedroom—
    Main level
  • Dining Room—
    Main level
  • Great Room—
    Main level
  • Kitchen—
    Main level
  • Laundry—
    Main level
  • Living Room—
    Main level
  • Bedroom—
    Second level
  • Family Room—
    Second level
  • Kitchen—
    Second level
  • Primary Bedroom—
    Second level
  • Recreation—
    Basement level
  • Utility Room—
    Basement level

Washrooms

  • 4-piece, Main
  • 4-piece, Second

Municipality
North Perth
Neighbourhood
Wallace
Main cross streets
Road 146/ Line 88
Zoning
HVC
Directions
Corner of Road 146 and Line 88

MLS® number
X12148168
Data source
Toronto Regional Real Estate Board
Status change
2025-06-05
Listed on
2025-05-14
Days on market
22 days
Possession type
Immediate
Co-op commission
2.25
Seller
Listed by
RE/MAX TWIN CITY REALTY INC.

Home Market Value

Current home valuation for 5207 88 Line, North Perth, Wallace, North Perth, ON. Listed for $500,000

HOMEH Estimate

?

$1,014,725

Estimated Sales Range

?

$710,308 - $1,319,143

HOMEH Estimate for 5207 88 Line, North Perth, Wallace

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$1,014,725Low confidence
Based on 4 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
North Perth, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$25,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$19,000$13,950$11,900$0
=Total mortgage
$494,000$463,950$436,900$400,000
Amortization
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%
%
%
%
Payment frequency
=Mortgage payment
$2,412monthly$2,265monthly$2,133monthly$1,953monthly
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Land Transfer Tax

Provincial

$6,475

Total Land Transfer Tax

$6,475

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