Renovated Century Home with In-Law Suite on 1.67 Acres Near Shelburne

Property details for 518079 County Road 124, Melancthon

Type: Residential
Bedrooms: 5
Bathrooms: 3
Lot Size: 225 x 325 FT
Stories: 2
Basement: Unfinished, N/A
Parking: Detached Garage, Garage
Heating: Heat Pump, Oil
Cooling: Central air conditioning
Ownership: Freehold
Annual Taxes: $4,472

This century home has been renovated and comes with 5 bedrooms and 3 bathrooms across 2,675 finished square feet. It sits on a 1.67-acre lot that's 225 feet wide by 325 feet deep, surrounded by farmland with no direct neighbors. Photos show a brick exterior, stone foundation, and a metal roof. Inside, there's a main-level in-law suite with its own separate entrance, kitchen, and bedroom. You get two kitchens total, plus a living room, dining room, family room, den, and laundry room on the main floor. Upstairs holds the primary bedroom and three more bedrooms. Recent updates include windows, a well, all mechanical systems, central air conditioning, and appliances like two stoves and two washers. The property has an attached 2-car garage, a detached insulated 2-car garage, and multiple outbuildings for storage. Outside features a hot tub, patio, and gazebo. It's 8 km from Terra Nova Public House, about 10 minutes from Shelburne, and roughly 30 minutes to Orangeville. Taxes run $4,472 annually. Priced at $1.1 million, it matches the nearby median.

About 518079 County Road 124, Melancthon — Property Score

Hot Market

Score: 71/100

Value

Priced 6.4% below area median of $1,175,000 based on 9 comparable properties nearby 80

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

3 bathrooms - 1 more than similarly priced properties nearby 72

73,125 sqft lot - an oversized lot for the area 90

Location

$87K median household income - above the Canadian average of $70K 74

72% of residents hold postsecondary credentials - a highly educated neighbourhood 81

87% homeownership rate - indicating a stable, owner-occupied community 91

46% of residents commute under 30 minutes - good commuting convenience 67

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

Market

Just listed - area average is 92 days on market 100

+405.1% median price change over 1 month - rising prices in the area 100

2.7 months of housing supply - 8 active listings with 3 sold last month (seller's market) 75

Features

20-car garage - more than the area average of 10.9 spots 95

Unfinished, N/A basement - adds valuable living space 85

standard forced air system 75

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.41% effective tax rate ($4,472/yr) - very low tax burden 88

13% renter population - primarily owner-occupied area 45

Quality

Condition

Listing

26 photos provided - below the area average of 41 photos 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.