42202 McBain Line, Central Elgin, ON
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 $729,000 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.
- 4 Bedrooms and 3 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 44 x 105 ft lot
- Features a finished, development potential basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: ERV/HRV, Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Move-in ready, the Breckwell bungalow by Hayhoe Homes features 4 bedrooms (3+1), 3 bathrooms, and an attached double garage. A covered front porch welcomes you into a bright, open-concept main floor with nine-foot ceilings and luxury vinyl plank flooring throughout. The designer kitchen includes quartz countertops, backsplash, pantry, and central island, flowing seamlessly into the great room and dining area with patio doors leading to a rear deck with a gas BBQ hookup. The primary suite offers a walk-in closet and private 3 piece ensuite, while two additional bedrooms, a full bathroom, and a convenient laundry room complete the main floor. The finished basement provides a large family room, fourth bedroom, and bathroom, with development potential for a future fifth bedroom. Located in the desirable Lynhurst Heights community close to London, highway access, local parks, grocery stores, and restaurants, this home also includes central air, an HRV system, Tarion warranty, and numerous upgrades throughout. Taxes to be assessed.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 42202 McBain Line, Central Elgin, ON N5P 0E4
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About Purchasing a Home in Central Elgin, ON
For a property listed at $729,000 in Central Elgin, the legal minimum down payment is $47,900 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 $11,055 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 $11,055.
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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.