157 Old Field Lane, Central Elgin, ON

$1,199,900
MLS#:X9398340
4 beds
3 baths
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 20, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Central Elgin. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $1,199,900 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.

  • 4 Bedrooms and 3 Bathrooms
  • Premium 65 x 137 ft lot size
  • Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Air Exchanger, Primary Bedroom - Main Floor, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 157 Old Field Lane in the beautiful village of Port Stanley. If you're looking to enjoy the quiet beach life while feeling like you're living on your own resort then this house is for you! Stunning bungalow with a full stone front elevation located on a large private lot. This spacious & gorgeous home 2+2 bedrooms & 3 full baths.1677 sq ft on the main floor plus 1200 sq ft on the lower level. The open-concept main floor enters into the extra wide foyer that leads to the bright living, dining and kitchen space. Laminate and ceramic flooring in the entire main living area offers a continuous flow. The kitchen has been well thought through with a large island, white cabinets, granite countertops, stunning backsplash and high-end appliances & pantry. Vaulted ceiling and large windows in the living room give a bright and grand feeling to the space. Large primary bedroom with tray ceilings, windows, an impressive 4 PC ensuite bathroom with soaker tub and walk-in glass shower and a walk-in closet. Access through the patio doors in the Primary bedroom to enjoy a quiet evening in your new hot tub. Convenient one-floor living with the main floor laundry. Finished basement with 2 legal bedrooms, another full bathroom, huge rec room with wet bar and high ceilings that give the basement a bright, spacious feeling. Outside has been beautifully finished for outdoor relaxing and entertaining. The large lot is fully fenced and landscaped with a tiki bar, an inground pool, oversized deck, covered patio with hot tub. This incredible home shows like a model. Book your showing today!

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Property Summary

This detached home located at 157 Old Field Lane, Central Elgin is currently for sale and has been available on SousaSells for 640 days. This property is listed at $1,199,900 with an estimated mortgage of $3,994* per month. It has 4 beds, 3 bathrooms, and is unknown square feet. 157 Old Field Lane, Central Elgin is in the Rural Central Elgin neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 20, 2024
Sold price information is available to members only
Listed Date10/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Stone
BasementFinished, Full
Lot Size65 × 137 Feet
CountyElgin
Annual Tax$6,090
Legal DescriptionLOT 12, PLAN 11M230 SUBJECT TO AN EASEMENT IN GROSS OVER PART 6, PLAN 11R10429 AS IN CT168929 MUNICIPALITY OF CENTRAL ELGIN

Parking & Garage

Parking Total4.0
Parking Space2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Golf, Place Of Worship, School

Interior Features

Air Exchanger, Primary Bedroom - Main Floor, Sump Pump, Water Heater

Security Features

Alarm System, Carbon Monoxide Detectors

Community Features

Location

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157 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 157 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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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$359,970 (30.0%)
* Minimum Canadian down payment required for this price is $239,980.
Amortization Period30 Years
Estimated Monthly Payment$3,994Based on a loan of $839,930 over 30 years.
Purchase Price$1,199,900
Loan Amount$839,930
Provincial Land Transfer Tax:$20,473
Total Estimated Closing Taxes:$20,473

About Purchasing a Home in Central Elgin, ON

For a property listed at $1,199,900 in Central Elgin, the legal minimum down payment is $239,980 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 $20,473 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 $20,473.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$784,789

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.