🏡 708 Spitfire St, Woodstock, ON N4T 0B1

MLS® X10786822
Status: Expired Listing
Presented by: Jagtar Singh, Broker
📞 416-275-0275 | 📧 jags@jagtars.com | 🌐 jagtars.com

🏠 Property Overview

• Type: Detached 2-Storey

• Bedrooms: 4 + 2

• Bathrooms: 5

• Lot Size: 59 ft x 102 ft

• Above Grade Living Space: 2,233 sq.ft

• Below Grade Finished Space: 1,077 sq.ft

• Garage: Attached 2-Car Garage

• Total Parking Spaces: 4

• Basement: Finished / Partial, 2 Bedrooms, 2 Bathrooms

• Heating/Cooling: Forced Air (Gas) / Central Air

• Zoning: R1

• Taxes: $5,400 (2021)

✨ Key Features

• Renovated kitchen with granite countertops

• Open-concept main floor with cathedral ceilings and chandeliers

• Spacious family room and vaulted living space

• Fully finished basement with in-law suite potential

• Upgraded garage – ideal for workshop or hobbyist

• Sprinkler system, embedded outdoor lighting & paved walkway

• Fully fenced yard for privacy and family enjoyment

🛏️ Room Details

✅ Inclusions

• Dishwasher

• Dryer

• Garage Door Opener

• Rangehood

• Refrigerator

• Stove

• Washer

Exclusions: Appliances negotiable

🏙️ Neighborhood Benefits

• Located in Woodstock – North, a prestigious community

• Close to Pittock South Shore Trail, Trevor Slater Park, Cowan Park

• Near top-rated schools, golf courses, shopping & places of worship

📈 Historical Listing Info

• Listed (May 2022): $1,259,700

• Previously Listed: $1,147,000 (May 2022)

• Expired (Aug 2022)

Finding the Best Realtor in Woodstock and Waterloo – Why Jagtar Singh is the Right Choice

Buying or selling a home is one of the biggest financial decisions you’ll ever make. In fast-moving markets like Woodstock and Waterloo, Ontario, having a knowledgeable and experienced realtor by your side makes all the difference. Whether you’re a first-time homebuyer, a seasoned investor, or looking to sell your property for the best price, Jagtar Singh is the trusted name in real estate.

What Makes a Great Realtor in Woodstock and Waterloo?

1. In-Depth Market Knowledge

A strong understanding of local market trends, pricing, and demand helps buyers and sellers make informed decisions. Jagtar Singh has years of experience navigating the Woodstock and Waterloo housing markets, ensuring his clients get the best deals possible.

2. Proven Track Record in Real Estate

The best realtors consistently deliver exceptional results. Jagtar has helped numerous clients buy and sell homes efficiently, with strategies that maximize value and minimize stress.

3. Advanced Marketing Strategies

A well-marketed property sells faster and for a better price. Jagtar uses professional photography, targeted advertising, and strong networking to connect sellers with serious buyers.

4. Personalized Service & Strong Negotiation Skills

Every client has unique needs. Jagtar tailors his approach to ensure the best buying or selling experience, backed by excellent negotiation skills that get you the right deal.

5. Strong Professional Network

Having the right connections in the industry—from mortgage brokers and home inspectors to lawyers and contractors—can speed up the process and ensure a smooth transaction.

Why Jagtar Singh is the Top Choice in Woodstock & Waterloo

✔ Unmatched Local Expertise

Jagtar understands the unique real estate trends in Woodstock, Waterloo, and surrounding areas. His insight into property values, upcoming developments, and community growth gives his clients a strategic advantage.

✔ Dedicated to Client Success

From first contact to closing the deal, Jagtar works closely with his clients to achieve the best possible results. His approach is transparent, professional, and always focused on delivering top-tier service.

✔ Comprehensive Marketing for Home Sellers

Selling your home? Jagtar ensures your listing reaches serious buyers through targeted marketing, online exposure, and strategic pricing.

✔ Investment Guidance & Buying Support

Looking to invest in Woodstock or Waterloo real estate? Jagtar helps investors identify high-potential properties and navigate the rental and resale market with confidence.

Get in Touch with Jagtar Singh

If you’re buying or selling a home in Woodstock or Waterloo, connect with Jagtar Singh today for expert guidance and a seamless real estate experience.

📞 Call/Text: 416-275-0275
🌐 Website: RE/MAX Realty Specialists Inc.
📷 Follow on Instagram: @JagtarRealtor
📘 Connect on Facebook: Jagtar Singh Realty

Looking for more real estate insights? Check out:
🔗 Current Woodstock Real Estate Trends
🔗 Best Neighborhoods in Waterloo to Buy a Home
🔗 Home Selling Tips for Maximum Value

Whether you’re buying, selling, or investing, Jagtar Singh is the trusted real estate expert to guide you every step of the way. Get started today! 🏡

On March 12, 2025, the Bank of Canada (BoC) reduced its benchmark interest rate by 25 basis points, bringing it down to 2.75%. This decision marks the seventh consecutive rate cut since mid-2024, reflecting the central bank's efforts to navigate the Canadian economy through escalating trade tensions and their potential repercussions. ​

Rationale Behind the Rate Cut

The primary catalyst for this monetary policy adjustment is the intensifying trade conflict with the United States. President Donald Trump's administration recently imposed a 25% tariff on all Canadian steel and aluminum products, prompting Canada to announce retaliatory tariffs totaling C$29.8 billion on U.S. goods. These measures have heightened economic uncertainty, dampening consumer and business confidence. Bank of Canada Governor Tiff Macklem highlighted that while the Canadian economy concluded 2024 robustly, it now confronts a "new crisis" due to these trade disputes. ​

Implications for the Real Estate Market

Interest rate fluctuations have a direct bearing on the real estate sector, influencing borrowing costs, housing demand, and overall market dynamics. Here's how the recent rate cut is expected to impact Canada's housing landscape:​

1. Mortgage Affordability: A lower benchmark rate typically leads to reduced interest rates for variable-rate mortgages and home equity lines of credit. This reduction can decrease monthly mortgage payments, making homeownership more accessible for potential buyers. For instance, a homeowner with a variable-rate mortgage may see their interest expenses decline, freeing up disposable income or enabling them to qualify for larger loan amounts. ​

2. Housing Demand: Decreased borrowing costs often stimulate demand in the housing market. Prospective buyers, enticed by more favorable financing conditions, may expedite their purchasing decisions. This heightened demand can lead to increased competition for available properties, potentially driving up home prices, especially in markets with limited supply. ​

3. Investor Behavior: Real estate investors might find the environment more attractive due to lower financing costs and the potential for capital appreciation. However, they must remain vigilant of broader economic indicators, such as employment trends and consumer confidence, which can influence rental demand and property values.​

4. Market Sentiment: While lower interest rates can boost affordability, the overarching economic uncertainty stemming from trade tensions may temper consumer enthusiasm. Potential buyers and investors could adopt a cautious stance, weighing the benefits of reduced borrowing costs against concerns about economic stability and job security.  

Regional Variations

The impact of the rate cut is likely to vary across different regions: 

• Urban Centers: Major cities like Toronto and Vancouver, which have historically experienced robust housing demand, might see pronounced effects. Enhanced affordability could attract more buyers, intensifying competition and sustaining upward pressure on prices. ​ 

• Smaller Markets: In contrast, regions with slower economic growth or declining populations may not witness significant changes in housing demand. The benefits of lower interest rates could be offset by local economic challenges, resulting in stable or modestly appreciating property values.​

Considerations for Stakeholders

• Homebuyers: Prospective buyers should assess their financial readiness, considering both the advantages of lower mortgage rates and the potential risks associated with economic uncertainties. Engaging in thorough financial planning and consulting with mortgage professionals can aid in making informed decisions.​

• Homeowners: Those with existing variable-rate mortgages might experience reduced interest expenses. It could be an opportune time to review mortgage terms and explore refinancing options to capitalize on favorable rates.​bnnbloomberg.ca

• Sellers: With the possibility of increased buyer interest due to improved affordability, sellers might find favorable market conditions. However, pricing strategies should be aligned with current market realities and local demand-supply dynamics.​

Conclusion

The Bank of Canada's recent interest rate cut aims to cushion the economy against external shocks, particularly those arising from trade disputes. While the move enhances borrowing affordability and could invigorate the housing market, stakeholders must remain cognizant of the broader economic landscape. Prudent decision-making, grounded in a comprehensive understanding of both opportunities and risks, will be essential as the situation evolves.​