506 Lower Spring Street, Central Elgin, ON
Property no longer active
This property was sold on June 24, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Rural Central Elgin. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,677,000 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 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 25.09 x 280.49 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Sump Pump, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this stunning year-round house in Port Stanley, offering over 2000 square feet of finished living space and boasting the best lake views in the area. As you enter, the sun room captivates with its enormous windows and heated ceramic floor, leading out to the expansive Brazilian Teak deck that overlooks beautifully terraced landscaping. The great room is a masterpiece with its glass block windows, a cozy gas fireplace, hardwood flooring, and an open ceiling that extends to the second floor. A wall of windows and glass doors connects the great room to the sunroom, ensuring breathtaking views of Lake Erie. The open-concept L-shaped kitchen and dining area features maple cabinets, perfect for culinary enthusiasts and entertainers alike. Currently utilized as an office, the third bedroom on the main floor offers flexibility, complemented by a convenient laundry room and a luxurious 4-piece bathroom. Upstairs, the Primary bedroom opens onto a railed landing overlooking the great room and features a vast transom window that frames the stunning lake vista. An additional second bedroom on this level is accompanied by a beautiful 4-piece bath, also showcasing ceramic tile finishes and sunroof. The lower level of the house is fully finished and offers a versatile space that can serve as a family room or a fourth bedroom, complete with large windows that flood the area with natural light. Ample storage space is available to accommodate all your needs. This meticulously designed home combines luxury with comfort, offering unparalleled views and serene surroundings, making it the perfect retreat in Port Stanley.
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Property Summary
This detached home located at 506 Lower Spring Street, Central Elgin is currently for sale and has been available on SousaSells for 760 days. This property is listed at $1,677,000 with an estimated mortgage of $5,582* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 506 Lower Spring Street, 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Lake/Pond
Interior Features
Sump Pump, Water Heater
Security Features
Community Features
Location
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 506 Lower Spring Street, Central Elgin, ON N5L 1G6
Based on 0 recent similar sales in the pocket.
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 $1,677,000 in Central Elgin, the legal minimum down payment is $335,400 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 $30,015 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 $30,015.
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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.