298 Sunset Drive, Central Elgin, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Central Elgin. Expertly crafted featuring premium cedar and vinyl siding construction, this residence presents an exceptional opportunity offered at $689,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 67.82 x 231.49 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This beautifully updated 3-bedroom bungalow offers the perfect blend of charm, space, and modern outdoor living-all set on an exceptionally large, treed city lot. The home's curb appeal stands out with its fresh board and batten siding complemented by eye-catching cedar shakes in the gables, creating a warm, inviting exterior. Inside, you'll find a functional layout with three well-sized bedrooms and a partially finished basement, providing ample space for family living, entertainment, or a home office setup. A standout feature is the spacious rear addition-a large rec room that opens up the living space and offers endless possibilities for relaxing or hosting gatherings. For hobbyists or those needing extra storage, the oversized garage is a major bonus. Step outside and discover your own private backyard retreat. The expansive, tree-lined lot offers rare space and privacy within the city, complete with an outdoor kitchen area, a fun tiki bar, and even an outdoor shower-perfect for entertaining or enjoying summer days in style. This property is a unique opportunity to own a move-in-ready home with standout features both inside and out.
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Pricing & Value Insights
Data-driven valuation for 298 Sunset Drive, Central Elgin, ON N5R 3C5
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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 $689,900 in Central Elgin, the legal minimum down payment is $43,990 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 $10,273 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 $10,273.
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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.