277 Charlotte Street, Central Elgin, ON

$297,500
MLS#:X8436554
2 beds
1 baths
700-1100 sqft
1.0 parking
Residential Freehold
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Property no longer active

This property was sold on June 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 Port Stanley. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $297,500 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 40 x 90 ft lot
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available
  • Notable attributes: Wheelchair Access
  • Efficient forced air heating via gas

Description

Nestled in a quiet neighbourhood located within walking distance to charming downtown Port Stanley, this cottage-style bungalow offers a unique renovation opportunity. Maintained by the same family for many years, this cozy home sits on a small, manageable corner lot. The property, along with all included chattels, is being sold "As Is," and whilst in need of a makeover it presents a blank canvas for your vision and holds immense potential. So why not embrace the chance to transform and breathe new life into this quaint bungalow and enjoy all that the Port Stanley Lifestyle has to offer.

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Property Summary

This detached home located at 277 Charlotte Street, Central Elgin is currently for sale and has been available on SousaSells for 764 days. This property is listed at $297,500 with an estimated mortgage of $990* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 277 Charlotte Street, Central Elgin is in the Port Stanley neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 20, 2024
Sold price information is available to members only
Listed Date6/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding
BasementCrawl Space
Lot Size40 × 90 Feet
CountyElgin
Annual Tax$2,364.07
Legal DescriptionPT LT 10 W/S FRANCES ST, 11 W/S FRANCES ST PL 49 PORT STANLEY AS IN E333880; CENTRAL ELGIN

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Beach, Marina, Place Of Worship, School

Interior Features

Wheelchair Access

Security Features

Community Features

Location

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277 Charlotte Street, 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 277 Charlotte Street, Central Elgin, ON N5L 1A0

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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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$89,250 (30.0%)
* Minimum Canadian down payment required for this price is $14,875.
Amortization Period30 Years
Estimated Monthly Payment$990Based on a loan of $208,250 over 30 years.
Purchase Price$297,500
Loan Amount$208,250
Provincial Land Transfer Tax:$2,938
Total Estimated Closing Taxes:$2,938

About Purchasing a Home in Central Elgin, ON

For a property listed at $297,500 in Central Elgin, the legal minimum down payment is $14,875 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 $2,938 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 $2,938.

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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$762,600

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.