181 Union Street, Central Elgin, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Belmont. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $399,900 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 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 77.88 x 275.88 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Situated on a serviced lot of nearly half an acre, this property offers an opportunity for builders, investors, or buyers looking for their next project. Whether you're considering renovating the existing home or exploring future redevelopment possibilities, subject to any required approvals, this property offers plenty of potential. This 1-storey home includes 3 bedrooms on the second floor. The main level offers a living room, kitchen, 4-piece bathroom, and main-floor laundry. Additional features include covered front and rear porches, a fenced backyard, storage shed and an owned hot water tank. Offering plenty of potential at an affordable price, this is a great opportunity to secure a serviced property in the welcoming community of Belmont, with parks, schools, local amenities, and convenient access to London, St. Thomas, and Highway 401. Property is being sold "as is".
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Golf, Fenced Yard, Park, Wooded/Treed
Interior Features
Water Heater Owned
Security Features
Community Features
Location
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 181 Union Street, Central Elgin, ON N0L 1B0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Central Elgin, ON
For a property listed at $399,900 in Central Elgin, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.
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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.