68 Bailey Avenue, 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 construction, this residence presents an exceptional opportunity offered at $599,900 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 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 74 x 213.64 ft lot
- Features a full, 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: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this beautifully updated ranch-style home located on the peaceful outskirts of St. Thomas in a very desirable neighbourhood and close to Lawton Park, which features pickleball courts, a basketball, court, playground, and exercise equipment. Situated on a generous 74 ft. x 213 ft. lot. Step inside to discover a bright and inviting main floor featuring 3 bedrooms and a fully remodeled bathroom. Recent updates throughout the home include hardwood and vinyl plank flooring, fresh paint, and modern lighting, creating a clean and contemporary feel. The fully finished basement expands your living space with an additional bedroom, office, a second full bathroom, and a large recreation room, ideal for entertaining, relaxing, or setting up a games area or home office space. Roof shingles replaced in 2023. Vinyl replacement windows throughout. Mature, deep lot with plenty of outdoor space. This move-in-ready home offers great opportunity for families or downsizers.
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Pricing & Value Insights
Data-driven valuation for 68 SE Bailey Avenue, Central Elgin, ON N5R 5A1
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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 $599,900 in Central Elgin, the legal minimum down payment is $34,990 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 $8,473 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 $8,473.
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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.