36 Vineden Drive, Central Elgin, ON

$569,900
MLS#:X9003962
4 beds
1 baths
1100-1500 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 9, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Lynhurst. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $569,900 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 68.64 x 110 ft lot
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Fantastic opportunity to live in desirable family community of Lynhurst, great commuters location between St Thomas and London. This one owner home is well laid out and ideal for a family. The main floor features good sized rooms including living room, living room, kitchen, dining area, 3 bedrooms and 4 pc bathroom. The lower level is mostly finished with an additional bedroom, family room area, Rec Room and possibility of adding a second bath. All measurements as per iGuide floor plans as seen in photos.

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Property Summary

This detached home located at 36 Vineden Drive, Central Elgin is currently for sale and has been available on SousaSells for 745 days. This property is listed at $569,900 with an estimated mortgage of $1,897* per month. It has 4 beds, 1 bathroom, and is 1100-1500 square feet. 36 Vineden Drive, Central Elgin is in the Lynhurst neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
1
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 9, 2024
Sold price information is available to members only
Listed Date7/2/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick, Aluminum Siding
BasementPartially Finished
Lot Size68.64 × 110 Feet
CountyElgin
Annual Tax$3,451.96
Legal DescriptionPT LT 38 PL 275 YARMOUTH PT 1 & 2 11R3380; S/T YM44146; CENTRAL ELGIN

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Primary Bedroom - Main Floor

Security Features

Community Features

Location

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36 Vineden Drive, 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 36 Vineden Drive, Central Elgin, ON N5P 2M6

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$170,970 (30.0%)
* Minimum Canadian down payment required for this price is $31,990.
Amortization Period30 Years
Estimated Monthly Payment$1,897Based on a loan of $398,930 over 30 years.
Purchase Price$569,900
Loan Amount$398,930
Provincial Land Transfer Tax:$7,873
Total Estimated Closing Taxes:$7,873

About Purchasing a Home in Central Elgin, ON

For a property listed at $569,900 in Central Elgin, the legal minimum down payment is $31,990 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 $7,873 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 $7,873.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$703,331

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.