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Property Type: Detached HouseOwnership: LeaseholdRECENTLY LISTED
1 HOMESTEAD Place
New Hamburg, ON N3A2G1
MLS® 40871915
21
Walk Score
41
Bike
$449,900
2 bed2 bath2 parking1,251 sqftBuilt 1988
21
Walk Score
41
Bike
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 0 feet
Z13
Ownership & Fees
- Property type
- Detached House
- Ownership
- Leasehold
- Annual property tax
- $2,291.14
Interior
- Basement
- Unfinished, Crawl space
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling / A/C
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Main level | 13'1'' x 12'10'' |
| Living room | Main level | 15'4'' x 17'7'' |
| Kitchen | Main level | 9'8'' x 13'9'' |
| Dining room | Main level | 10'0'' x 11'10'' |
| Bedroom | Main level | 15'1'' x 12'7'' |
| 4pc Bathroom | Main level | 4'11'' x 9'5'' |
| 3pc Ensuite bath | Main level | 7'9'' x 7'7'' |
Description
Welcome to 1 Homestead Place in the Morningside community of New Hamburg! A 50 + active-adult retirement community situated on 120 acres of green space. Discover the ease of comfortable, maintenance-free living in this spacious Sheffield model bungalow, offering approximately 1,251 sq. ft. of thoughtfully designed, one-level living. Featuring 2 bedrooms and 2 full bathrooms, including a 3-piece ensuite with a walk-in shower and convenient storage closet & cupboards, this home is ideal for those looking to simplify their lifestyle without sacrificing space or comfort. The inviting living room features a gas fireplace and ceiling fan, while a heat pump system with three heads provides heating and cooling throughout the home. Outside, enjoy your corner site with a double-wide concrete driveway and a newer deck and gazebo (2024) — perfect for relaxing outdoors or entertaining friends. Additional updates and features include a roof replaced in 2020, Leafguard gutter screens installed approximately two years ago, and a crawl space. Situated in a welcoming community with an impressive array of amenities, you'll love having the Village Centre and The Shed right across the road, along with the mailbox conveniently located just steps away. Enjoy the benefits of lawn maintenance and snow removal, leaving you with more time to do the things you love. Take advantage of the swimming pool, fitness room, yoga classes, cards & games, community garden, shuffleboard courts, woodworking shop, library and numerous social activities that make it easy to connect with neighbours and enjoy an active lifestyle. Additional conveniences include access to services such as personal support workers, cleaning services and hair care professionals who can come directly to your home. Not ready for apartment living? This might be the one for you. Comfortable, convenient, one-level living with a community lifestyle to love! 2nd bedroom virtually staged (id:63161)
Listing Information
- MLS®
- 40871915
- Data last synced
- October 27, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40871915
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$360/sqft
Building average
—
No other active listings in this building
660 - New Hamburg average
$430/sqft
20 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: Stratford
8°C
Fog
Humidity 100%
Wind ESE 4 km/h
Today
18°
Tonight
6°
Friday
11°
Friday night
0°
Saturday
15°
Saturday night
5°
Source: Environment and Climate Change Canada.
Nearby Places
Cafes (1)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($22,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$359,920.00
Periodic payment — Principal & Interest (monthly)$2,322.08
Additional monthly expenses (condo fees, tax, utilities, etc.)$253.93
Total monthly cost$2,576.01
Interest paid over 5-yr term$103,154.11
Balance at end of term$323,749.20
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$22,495
Stress test qualifying rate8.19%
Payment you must qualify for$3,313.99
Cash Needed at Closing
Minimum down payment$22,495
Estimated Land Transfer Tax (LTT)$5,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,468
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.