Loading…
Property Type: OtherOwnership: Leasehold
465 SPRUCE STREET
Centre Wellington, ON N1M2W5
MLS® X13706104
$390,000
1 bed1 bath2 parking
Property Details
Property & Lot
- Sub-type
- Modular
- Style
- Bungalow
- Stories
- 1
- Lot size
- 45 x 75 FT
- Frontage
- 45 feet
Ownership & Fees
- Property type
- Other
- Ownership
- Leasehold
- Annual property tax
- $585.75
Interior
- Basement
- None
- Heating
- Forced air, Propane
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
| Primary Bedroom | Main level | — |
| Den | Main level | — |
| Sunroom | Main level | — |
Description
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. (id:63159)
Listing Information
- MLS®
- X13706104
- Data last synced
- October 7, 2026
ROYAL LEPAGE RCR REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: ROYAL LEPAGE RCR REALTY
MLS® Number: X13706104
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Rural Centre Wellington East average
$21,667/sqft
2 active listing(s)
Parking: 2 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
31,093
(2021 Census)
+10.3% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($19,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$312,000.00
Periodic payment — Principal & Interest (monthly)$2,012.92
Additional monthly expenses (condo fees, tax, utilities, etc.)$48.81
Total monthly cost$2,061.73
Interest paid over 5-yr term$89,420.10
Balance at end of term$280,645.01
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,500
Stress test qualifying rate8.19%
Payment you must qualify for$2,872.76
Cash Needed at Closing
Minimum down payment$19,500
Estimated Land Transfer Tax (LTT)$4,325
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,325
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.