148 Old Field Lane, Central Elgin, ON

$1,200,000
MLS#:X13052198
5 beds
4 baths
2500-3000 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungaloft detached located in the coveted neighborhood of Port Stanley. Expertly crafted featuring premium brick and hardboard construction, this residence presents an exceptional opportunity offered at $1,200,000 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.

  • 5 Bedrooms and 4 Bathrooms
  • Generous living space spanning 2500-3000 sqft on a premium 60.23 x 102.64 ft lot
  • Features a full, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: ERV/HRV, Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this truly exceptional, one-of-a-kind residence offering nearly 4,000 sq. ft. of impeccably finished living space, set on a premium 60-foot-wide ravine lot. Surrounded by natural beauty and privacy, this home delivers a rare blend of sophistication, scale, and versatility. Thoughtfully designed with a distinctive layout, the home offers up to 5 bedrooms-one currently curated as a private gym-providing flexibility for multi-generational living, work-from-home setups, or refined guest accommodations. Every space has been carefully crafted to balance function and elegance. The interior showcases tasteful modern design with upscale finishes and numerous upgrades throughout. Expansive principal rooms are filled with natural light, creating an airy, elevated ambiance ideal for both grand entertaining and intimate everyday living. Seamless flow between living spaces enhances the home's sense of openness, while offering defined areas for relaxation and gathering. The layout is perfectly suited for families seeking both connection and privacy under one roof. Outdoors, the ravine-backed setting offers a tranquil retreat, with picturesque views and a sense of exclusivity rarely found. Whether enjoying a quiet morning coffee or hosting summer evenings, the setting is nothing short of serene. Located just minutes from the marina, local shops, restaurants, and Port Stanley's beautiful beaches, this is a rare opportunity to enjoy lakeside living at its finest. A statement property in every sense, this home stands apart with its scale, design, and premium lot-an extraordinary opportunity for those seeking luxury, flexibility, and timeless appeal.

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
1
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 19, 2026
Sold price information is available to members only
Listed Date4/28/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungaloft
ConstructionBrick, Hardboard
BasementFull, Partial Basement
Lot Size60.23 × 102.64 Feet
CountyElgin
Annual Tax$7,465.49
Legal DescriptionLOT 28, PLAN 11M230 MUNICIPALITY OF CENTRAL ELGIN

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Golf, Marina

Interior Features

ERV/HRV, Water Heater

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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148 Old Field Lane, Central Elgin, 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 148 Old Field Lane, Central Elgin, ON N5L 0A9

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.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Central Elgin.

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Interest Rate5.25%
Down Payment$240,000 (20.0%)
* Minimum Canadian down payment required for this price is $240,000.
Amortization Period25 Years
Estimated Monthly Payment$5,721Based on a loan of $960,000 over 25 years.
Purchase Price$1,200,000
Loan Amount$960,000
Provincial Land Transfer Tax:$20,475
Total Estimated Closing Taxes:$20,475

About Purchasing a Home in Central Elgin, ON

For a property listed at $1,200,000 in Central Elgin, the legal minimum down payment is $240,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,475 for this transaction. As this listing is in Central Elgin (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,475.

Nearby Listings

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No current listings found in Central Elgin.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Port Stanley, Central Elgin.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$813,361

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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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.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.