Renovated bungalow with in-law suite on corner lot near Orangeville

Property details for 48 Rayburn Meadows Road, East Garafraxa

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 4
Lot Size: 174.4 x 281.9 FT
Stories: 1
Basement: Finished, Separate entrance, N/A, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Stone
Ownership: Freehold
Annual Taxes: $8,683

This is a 3-bed, 4-bath bungalow on a 174 by 282 foot corner lot. Photos show a brick and stone exterior with a big attached garage. Inside, there's engineered hardwood floors and an open layout with a kitchen that has stone counters and a center island. The main floor primary bedroom comes with a closet you can walk into and a 5-piece ensuite that has a soaker tub and separate shower. Downstairs, the finished basement has above-grade windows, a separate entrance, and a bathroom that's newer - it could work as an in-law suite. You get 14 parking spots total. It's about 3 km from Westside Secondary School and 4 km from a Tim Hortons. Orangeville is just 5 km away. Taxes run $8,683 a year. Listed at $1.599M.

About 48 Rayburn Meadows Road, East Garafraxa — Property Score

Hot Market Great Location Feature Rich

Score: 70/100

Value

Priced 4.5% below area median of $1,674,500 based on 12 comparable properties nearby 77

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

4 bathrooms - typical for similarly priced properties 60

49,163 sqft lot - an oversized lot for the area 90

Location

$152K median household income - well above the Canadian average of $70K 100

86% of residents hold postsecondary credentials - a highly educated neighbourhood 93

91% homeownership rate - indicating a stable, owner-occupied community 94

50% of residents commute under 30 minutes - good commuting convenience 70

41/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 138 days on market 100

+7.2% median price change over 1 month - rising prices in the area 86

4.5 months of housing supply - 9 active listings with 2 sold last month (balanced) 65

Features

14-car garage - area average is 16.5 spots 95

Finished, Separate entrance, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

2 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

0.54% effective tax rate ($8,683/yr) - very low tax burden 84

9% renter population - primarily owner-occupied area 40

Quality

Condition

Listing

47 photos provided - consistent with area listings 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.