205 Orchard Street, Central Elgin, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Port Stanley. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $366,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 76 x 100 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Water Meter, Water Heater Owned
- Efficient forced air heating via gas
Description
IMMEDIATE Possession available! Pretty rare these days to find a double lot backing onto greenspace, with incredible privacy under an arbour of trees, gorgeous hillside scenery, and a fully serviced residential house all in one for such an affordable price tag! And, right in the heart of the downtown core, yet off to the side on a quiet treed dead-end street, reminiscent of storybook settings. And around the corner from the Little Beach! This 1.5 storey house comes with these key updates as of 2022: 200 amp electrical panel, new gas meter, new water meter, and owned HWT ( new in 2021); Roof was reshingled in 2021. Low property taxes for being right in the heart of the downtown core, with steps to all amenities. A perfect property for builders, renovators, and/or investors seeking a prime lakeside location who have a vision to transform this double lot into something truly spectacular! Build up to 3 storeys here! It may be possible to see the Harbour from the 3rd level! The residential house is grandfathered-in as a legal non-conforming house in a mixed-use B1 zoning. Keep the foundation, if you want to keep the 'residential' component of the property and rebuilt or install a pre-fab or tiny home on the same footprint. And/or design a mixed-use building offering a residence AND your business on the same footprint or on the vacant portion of land. Many options here! 6 allowable uses under this zoning. Zoning info is available upon request. B1 has its advantages! More advantages here than owning a residential lot if you're looking for a private spa-like atmostphere pn a quiet dead-end street! . Survey is in the photos. Book your showing with your Realtor to discover how you can transform this dreamy location into your long term residential home with business advantages!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Beach, Cul de Sac/Dead End, Greenbelt/Conservation, Lake Access, School
Interior Features
Water Meter, 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 205 Orchard Street, Central Elgin, ON N5L 1C4
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 $366,000 in Central Elgin, the legal minimum down payment is $18,300 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 $3,965 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 $3,965.
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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.