63 Compass Trail, Unit 35, Central Elgin, ON

$649,900
MLS#:X9358645
2 beds
2 baths
1200-1399 sqft
4.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on November 26, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow condo townhouse located in the coveted neighborhood of Rural Central Elgin. Expertly crafted featuring premium board & batten and brick construction, this residence presents an exceptional opportunity offered at $649,900 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1200-1399 sqft
  • Features a unfinished 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: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Experience the luxury of lakeside living in this exclusive bungalow condo at Landings Port Stanley, where elegance meets functionality just moments from Lake Erie. Crafted with precision by a respected local builder, this home offers 1,325 square feet of sophisticated main-floor living with vaulted ceilings and an open-concept design, enhancing both space and style. The home is engulfed with high-quality, custom-built kitchen cabinets and luxury finishes, creating an inviting atmosphere for relaxation or entertaining. The spacious bedrooms serve as serene retreats, ideal for unwinding.A unique feature is the unfinished basement, which offers you the creative freedom to design additional living spaces that perfectly meet your needs be it guest rooms, a recreational area, or more. Outside, the beautifully landscaped space and the convenience of a two-car garage complement your home. Enjoy the community perks like a private swimming pool and the proximity to the sandy shores of Lake Erie, all within a vibrant town known for its maritime heritage and local charm. Landings Port Stanley isn't just a home; it's a lifestyle choice that offers tranquillity and community spirit. Don't miss this rare opportunity to own a piece of this sought-after locale.

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Property Summary

This townhouse located at 63 Compass Trail, Central Elgin is currently for sale and has been available on SousaSells for 666 days. This property is listed at $649,900 with an estimated mortgage of $2,163* per month. It has 2 beds, 2 bathrooms, and is 1200-1399 square feet. 63 Compass Trail, 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
2
Bathrooms
2
Kitchens
1
Living Area
1200-1399 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateNovember 26, 2024
Sold price information is available to members only
Listed Date9/19/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Townhouse
Architectural StyleBungalow
ConstructionBoard & Batten , Brick
BasementUnfinished
CountyElgin
Annual Tax$0

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Golf, Lake/Pond, Park, School

Interior Features

Other

Security Features

Community Features

Location

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63 Compass Trail, Unit 35, 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 63 Compass Trail 35, Central Elgin, ON N5L 0B4

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.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Central Elgin.

Configure Loan Settings

Interest Rate4.00%
Down Payment$194,970 (30.0%)
* Minimum Canadian down payment required for this price is $39,990.
Amortization Period30 Years
Estimated Monthly Payment$2,163Based on a loan of $454,930 over 30 years.
Purchase Price$649,900
Loan Amount$454,930
Provincial Land Transfer Tax:$9,473
Total Estimated Closing Taxes:$9,473

About Purchasing a Home in Central Elgin, ON

For a property listed at $649,900 in Central Elgin, the legal minimum down payment is $39,990 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 $9,473 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 $9,473.

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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.