1 MILLPOND Lane, Asphodel-Norwood

$699,000
1 MILLPOND Lane

$699,000

New
52d
DetachedBungalow

1 MILLPOND Lane, Asphodel-Norwood

Total Monthly Obligation $3,557

Beds
4
Baths
3
Park
4
Sqft
1100-1500
DOM
52d
Yield
4.5%
Cash on Cash
-4.8%
Cap Rate
3.5%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Detached
MLS® Number-X13731088
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-64.34 ft (front)
Listed on site-Sep 1, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$4,349.12 (2025)
Parking-5 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX Jazz INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Above Ground
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexable/TBA
Neighbourhood-Norwood
Title-Residential Freehold

No agent assigned

This stunning all-brick bungalow, built by Peterborough Homes, shines from top to bottom! Situated on a premium ravine lot, this beautifully maintained home offers the perfect combination of comfort, style, and location. The bright open-concept main floor showcases beautiful hardwood flooring, ceramic tile, elegant crown moulding, and a spacious great room designed for everyday living and entertaining. The well-appointed kitchen features a breakfast bar and flows seamlessly into the dining area with a walkout to the deck, large patio, and fully fenced backyard oasis complete with an above-ground pool. Relax in the cozy living room or retreat to the spacious primary bedroom featuring a walk-in closet and private 4-piece ensuite. A 2nd bedroom is conveniently located beside a 3-piece bathroom. The main floor also offers a dedicated office area, laundry room with tub/sink, and convenient interior access to the garage from the spacious foyer. The fully finished lower level provides exceptional additional living space with a large family room highlighted by a gas fireplace, two generously sized bedrooms, a 4-piece bathroom, utility/storage room, and a large unfinished area ideal for a future 5th bedroom, games room, home gym, or recreation space. Ideally located close to shopping, the Mill Pond, walking trails, parks, splash pad, community centre, golf courses, and all the amenities of Norwood, with convenient access to Peterborough just 20 minutes away. This is a fantastic opportunity to enjoy spacious bungalow living in a sought-after family-friendly community.

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Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,557/mo
Mortgage $2,820
Monthly Loss $2,815
Principal$742
Interest$2,078
Property Tax$362
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1 MILLPOND Lane

Time

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