40 Freeman Lane, Central Elgin, ON

$709,000
MLS#:X11910595
3 beds
3 baths
1100-1500 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 7, 2025. 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 Rural Central Elgin. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $709,000 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.

  • 3 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 44.13 x 105.26 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Countertop Range, ERV/HRV, On Demand Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Built in 2021, this beautifully designed home offers a perfect blend of contemporary style and comfort, ideal as a condo alternative without sacrificing space or luxury. Situated on a quiet street, this property showcases meticulous landscaping and eye-catching Gem Stone lighting installed along the eavestroughs for a striking curb appeal and hassle free Christmas lighting. Step inside to an open-concept layout that invites natural light to flood every corner. The heart of the home, the kitchen, boasts an oversized island, sleek countertops, and modern appliances perfect for entertaining or casual family meals. Adjacent, a spacious dining and living area creates a seamless flow for gatherings or relaxing evenings. The main floor features two generously sized bedrooms, including a private primary suite with an ensuite bathroom and walk-in closet. Three full bathrooms ensure convenience and comfort for everyone. Enjoy the practicality of a main-floor laundry room with ample storage, making daily chores a breeze. The fully finished basement offers versatile space for a recreation room, home office, or gym. Step outside to the backyard, complete with a deck, hot tub and landscaping an entertainers dream or your private retreat. Book your private showing today and experience the lifestyle youve been waiting for!

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Property Summary

This detached home located at 40 Freeman Lane, Central Elgin is currently for sale and has been available on SousaSells for 557 days. This property is listed at $709,000 with an estimated mortgage of $2,360* per month. It has 3 beds, 3 bathrooms, and is 1100-1500 square feet. 40 Freeman Lane, Central Elgin is in the Rural Central Elgin neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 7, 2025
Sold price information is available to members only
Listed Date1/7/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementFinished
Lot Size44.13 × 105.26 Feet
CountyElgin
Annual Tax$5,170
Legal DescriptionLOT 34, PLAN 11M219 MUNICIPALITY OF CENTRAL ELGIN

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Campground, Fenced Yard, Golf, Hospital, Place Of Worship

Interior Features

Countertop Range, ERV/HRV, On Demand Water Heater

Security Features

Alarm System

Community Features

Location

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40 Freeman Lane, 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 40 Freeman Lane, Central Elgin, ON N5P 0E4

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$212,700 (30.0%)
* Minimum Canadian down payment required for this price is $45,900.
Amortization Period30 Years
Estimated Monthly Payment$2,360Based on a loan of $496,300 over 30 years.
Purchase Price$709,000
Loan Amount$496,300
Provincial Land Transfer Tax:$10,655
Total Estimated Closing Taxes:$10,655

About Purchasing a Home in Central Elgin, ON

For a property listed at $709,000 in Central Elgin, the legal minimum down payment is $45,900 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 $10,655 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 $10,655.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$784,789

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.