Detached For Sale

Coming Soon

45 King St | Georgetown, Ontario

Neighbourhood:

Property Description

Move-in ready and full of character, this charming detached 2-storey century home (circa 1895) offers an incredible opportunity for first-time buyers, downsizers, and investors alike in desirable Georgetown. Featuring 1 bedroom and 1 full bath, this bright and inviting home showcases almost 10-foot ceilings, large windows, upgraded lighting, a neutral colour palette, and a carpet-free interior throughout. The open-concept living and dining area creates an airy feel, while the bright eat-in kitchen offers abundant cabinet storage, tile backsplash, and direct access to the private backyard and deck—perfect for relaxing or entertaining. Upstairs, the spacious primary bedroom includes a walk-in closet and is complemented by an updated 4-piece bath. Enjoy the welcoming front porch, durable metal roof, unfinished basement with tons of storage space, parking for one vehicle, and unbeatable convenience just steps to the GO Station and close to parks, schools, and everyday amenities.

CALL AGENT

Genevieve McGaffin

Overview of 45 King St | Georgetown, Ontario

FEATURES

MOVE-IN READY!

Proximity to parks, schools and amenities

Steps to the GO station – ideal for commuters.

Detached 2 storey century home (Circa 1895)

Almost 10ft high ceilings

Total parking for 1

Private deck and backyard, welcoming front porch

Durable and long-lasting metal roof

Callin all first-time buyers, downsizers & investors!

Property Stats

MLS

Coming Soon

Sq Ft

872 Sq Ft

Bed

Bath

KITCHEN

BRIGHT EAT-IN KITCHEN

Tons of cabinet storage and tile back splash

Direct access to back yard

LIVING & DINING

OPEN CONCEPT AND BRIGHT LAYOUT

Large windows throughout

Carpet free throughout

Upgraded lighting and neutral colour palette

BEDS & BATHS

SPACIOUS PRIMARY BEDROOM WITH WALK-IN CLOSET

Large updated 4pc main bath

BASEMENT

UNFINISHED

Tons of storage space

PROPERTY VIDEO

VIRTUAL TOUR

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Buyer Faq's

How do I know how much house I can actually afford in Ontario?

Start with your income, debts, down payment, and monthly costs. A lender pre-approval plus a realistic budget will show what feels affordable, not just what you qualify for.

What is the minimum down payment required to buy a home in Ontario right now?

Usually at least 5% of the first $500,000 and 10% of the portion from $500,000 to $1.5M. If you put down less than 20%, mortgage default insurance usually applies.

Should I get pre-approved for a mortgage before I start looking?

Yes, getting pre-approved early helps you understand your price range, monthly payment, and borrowing limits before you start viewing homes or making offers.

What kind of mortgage should I get — fixed, variable, or something else?

It depends on your budget, risk tolerance, and how long you plan to keep the mortgage. Fixed offers payment stability, while variable can offer flexibility and lower penalties in some cases.

How much are closing costs when buying a home in Ontario?

Many Ontario buyers should budget roughly 1.5% to 4% of the purchase price for closing costs, depending on land transfer tax, legal fees, inspections, title insurance, and adjustments.

What is Ontario land transfer tax and do first-time buyers get a rebate?

Ontario land transfer tax is a provincial closing cost based on the purchase price. Eligible first-time buyers may qualify for a rebate of up to $4,000.

What makes a neighbourhood a good location in Ontario?

A great location usually balances commute, schools, amenities, safety, resale potential, and the lifestyle you want day to day.

How long does the home-buying process take in Ontario?

Many Ontario purchases take about 30 to 90 days from accepted offer to closing, but the full buying journey can be longer depending on financing, search time, and conditions.

Do I really need a home inspection?

Not always, but a home inspection can reveal costly issues before you commit. It is especially valuable for older homes, unique properties, or homes with visible wear.

How do I calculate monthly homeownership costs in Ontario?

Add your mortgage payment, property taxes, insurance, utilities, maintenance, and any condo fees. That full monthly number is what homeownership really costs.

How are property taxes calculated in Ontario?

In Ontario, property tax is based on your home’s MPAC-assessed value multiplied by your municipality’s annual tax rate, plus any local charges or adjustments.

Can I buy a home in Ontario with little or no down payment?

No-down-payment purchases are rare. Most buyers need at least 5% down, and anything under 20% usually requires mortgage default insurance and strong qualification.

How does the mortgage stress test work and how does it affect me?

You usually have to qualify at the higher of your contract rate plus 2% or 5.25%, which can reduce the amount you are approved to borrow.

What first-time home buyer programs exist in Ontario?

Common programs include the FHSA, Home Buyers’ Plan, Home Buyers’ Amount tax credit, and Ontario land transfer tax rebates for eligible first-time buyers.

Should I buy a condo or a detached house in Ontario?

A condo can be more affordable and lower-maintenance, while a detached home offers more space, privacy, and control. The right choice depends on lifestyle and budget.

What questions should I ask when viewing a property?

Ask about the home’s age, updates, known issues, monthly costs, inclusions, neighbourhood, utility bills, and any rules that could affect how you use the property.

How do I choose the right real estate agent as a buyer in Ontario?

Choose an agent with strong local knowledge, clear communication, honest advice, and a track record helping buyers in your price range and target areas.

What happens if I change my mind after I make an offer?

If your offer is firm, backing out can put your deposit at risk and expose you to damages. If conditions are still open, you may still have a way out before the deadline.

Is it better to rent or buy a home in Ontario right now?

It depends on how long you plan to stay, your real monthly costs, and how much flexibility you need. Buying builds equity, but renting can make more sense in the short term.

What is different about buying a pre-construction home in Ontario?

Pre-construction usually means longer timelines, staged deposits, possible delays, assignment rules, and occupancy fees before final closing. It can offer customization, but it adds uncertainty.

Do new homes in Ontario come with a warranty?

Most new homes in Ontario come with Tarion-backed warranty coverage, but what is covered depends on the issue and timeline. Always review the warranty information sheet.

How do I buy an investment or rental property in Ontario?

Start with financing, projected rent, carrying costs, vacancy risk, and landlord rules. A good rental purchase works on cash flow, tenant demand, and long-term resale potential.

What credit score do I need to get the best mortgage rate in Canada?

There is no single magic score, but borrowers with strong credit, stable income, and low debt usually get the best pricing. In practice, 680+ often opens more options.

What are the biggest mistakes first-time buyers make in Ontario?

Common mistakes include shopping before pre-approval, skipping closing-cost planning, stretching the budget, ignoring monthly carrying costs, and moving too fast on the wrong home.