8.5 Elgin Street, Norwich, ON

$449,944
MLS#:X9239312
2 beds
1 baths
1000-1199 sqft
2.0 parking
Residential Condo & Other
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] condo townhouse located in the coveted neighborhood of Norwich Town. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $449,944 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 1000-1199 sqft
  • Features a ["unfinished", "full"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: In-Law Capability, On Demand Water Heater, Upgraded Insulation
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Situated on the corner lot of this beautiful brand new developement is 8 1/2 Elgin Street West, a modern gem on a private quiet street with prime location close to all the community's features. This modern build offers high level workmanship floor to ceiling; including two bright and spacious bedrooms, a luxurious four piece bathroom with connencted main lavel laundry, a modern build kitchen with quartz countertop and quality stainless steel appliances, an open concept living room, a paved driveway with private garage, engineered hardwood and porcelain tiled flooring throughout, and an aesthecially appealing exterior facade with brick, stone and modern black features. The beautifully finished staircase leads to an unfinished basement with the same square footage as the main level, offering so much potential for finishing as desired. The owner is also willing to completely renovate the basement and effectively double the effective usable square footage for an additional $50,000 (on top of the asking price). The on demand gas hot water tank and gas barbeque connection at the brand new deck are even further offerings. As this is a condominium resale property and not the original sale this property is not subjective to HST and therefore the sale will be inclusive of HST. This bungalow condo is in walking distance of all the neccessities; small town vibes without having to sacrifice access to shops, banks, restuarants, a drug store, and many other offerings. High quality young professional A+ tenant currently occupying the property paying $2200 a month plus full utilities. Offered at a very competitive price with option for speed of sale and immediate closing possible. This property is set to further improve with exterior professional landscaping, to be completed on the development site in the coming year. Don't hesitate on securing a solid investment oppurtunity with a high level tenant or a great move in oppurtunity with vacant possession provided by seller possible!

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Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateSeptember 28, 2024
Sold price information is available to members only
Listed Date8/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Townhouse
ConstructionBrick, Stone
CountyOxford
Annual Tax$0

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Library, Park, Place Of Worship, Rec./Commun.Centre, School, School Bus Route

Community Features

Location

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8.5 Elgin Street, Norwich, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 8.5 Elgin Street W, Norwich, ON N0J 1P0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$359,955.2
Monthly Mortgage$2,091
Property Tax (Est.)$0
Utilities & Maint.$350
Total Monthly Cost$2,441

Strategic Fiscal Clarity

Informed buyers do not make decisions based on list price alone. This analysis ensures your transition to a superior residence is supported by absolute fiscal certainty.

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Nearby Listings

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No current listings found in Norwich.

8.5 Elgin Street, Norwich - 2 Bed 1 Bath Home For Sale | MLS# X9239312 | ZooZaa | SousaSells Real Estate