Tucked away in the charming hamlet of Hornings Mills, a truly wonderful little community known for its amazing neighbours and welcoming atmosphere, this lovely home sits on a beautiful lot with picturesque views to the east. Offering incredible value at its price point, this is an opportunity to enjoy comfortable country living in a community you'll love to call home. Step inside and discover a home that is exceptionally clean, well cared for, and thoughtfully laid out with inviting open-concept living. The eat-in kitchen is the perfect gathering place, offering plenty of counter space for meal prep, room to entertain, and a cozy woodstove to keep things warm and welcoming on those chilly evenings.Out back, enjoy a great deck overlooking the expansive views and a spacious backyard with plenty of room to relax, entertain, garden, or simply soak up the peaceful surroundings. Adding even more value is the impressive 160 sq. ft. premium shed, perfect for storing all the extras, hobbies, tools, and outdoor essentials.With a metal roof, furnace and air conditioning approximately 5 years old, an owned hot water heater, fibre-optic internet, and a basement offering fantastic additional storage, this home combines comfort, practicality, and affordability in one appealing package.If you're looking for a well-maintained home, a beautiful setting, and the charm of small-community living, this Hornings Mills gem is one you won't want to miss!
3 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $807 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 197 Main St
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Lot size
65.98 x 164.99 Feet
Parking
2 spaces
Basement
Full
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Full
Lot & land
Lot dimensions
65.98 x 164.99 Feet
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
197 Main St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14095592$564,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 197 Main St Compares to the Melancthon Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,775
/mo
based on the purchase price of $564,900
$112,980 cash
$451,920 financed
$380,635 total interest
Principal54%$451,920
Interest46%$380,635
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Melancthon
Other 3-bed homes for sale in Melancthon around $565K.
Average days on market87Homes sold in about 87 days on average.
Sale-to-list ratio85.4%On average, homes sold below asking.
Active listings52Homes for sale here right now.
Median vs prior 90 days+7.5%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 12 sales from Jul 23 – Oct 21, 2026 (10 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 197 Main St
How much is 197 Main St listed for?
197 Main St is listed at $564,900 (MLS® X14095592). Summitly updates the price as soon as the MLS® record changes.
Is $564,900 a good price for 197 Main St?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Melancthon. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 197 Main St changed?
No — 197 Main St is still listed at its original asking price of $564,900.
How many bedrooms and bathrooms does 197 Main St have?
197 Main St has 3 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Melancthon.
How much would the monthly mortgage be on 197 Main St?
About $2,775 a month — principal and interest on $564,900 with 20% down ($112,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 197 Main St compare with other homes in Melancthon?
Its asking price of $564,900 is about 25% below the median sold price in Melancthon over the last 90 days, $755,000, across 12 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 197 Main St been sold before?
Summitly has no earlier MLS® sale or lease of 197 Main St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 197 Main St?
197 Main St is in Melancthon, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 197 Main St been on the market?
2 days — 197 Main St was listed on October 19, 2026.
What is the price per square foot of 197 Main St?
About $514 to $807 per square foot: the asking price of $564,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 197 Main St have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 197 Main St have a basement, and is it finished?