8548 Centennial Road, Central Elgin, ON

$599,900
MLS#:X11890502
3 beds
2 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on January 27, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 1 1/2 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 $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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 68 x 250 ft lot
  • Features a full, 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: Sump Pump, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome Home!! This updated 1.5 storey, 1571 sqft., 3 bedroom, 2 bathroom on a 250ft deep lot is sure to impress. As you enter the door you are welcomed by a gorgeous family room with new vinyl plank floor that leads to the kitchen with quartz countertops(2024) and custom kitchen cabinets overlooking the open concept dining/ living room with vaulted ceilings and views of the deep backyard accessed by the sliding patio door. Finishing off the main floor is 2 bedrooms, 4pc bathroom complete with soaker tub, 2pc bathroom, main floor laundry and access to the attached garage. On the second floor you will find a very spacious primary bedroom with large walk in closet. The basement is ready for your imagination with a clean slate and loads of space. The exterior offers a front porch, private double wide laneway, back deck, garden shed and a spacious backyard. Updates include: exterior siding(2018),shingles(2018), front porch(2018),flooring throughout(2024), paint throughout(2024), countertops and sink(2024), refaced kitchen cabinets(2024), 2 large picture windows in living room(2024),trim (2024),rear deck(2024),dishwasher(2023), stove(2024).

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Property Summary

This detached home located at 8548 Centennial Road, Central Elgin is currently for sale and has been available on SousaSells for 582 days. This property is listed at $599,900 with an estimated mortgage of $1,997* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 8548 Centennial Road, 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
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 27, 2025
Sold price information is available to members only
Listed Date12/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionVinyl Siding
BasementFull, Unfinished
Lot Size68 × 250 Feet
CountyElgin
Annual Tax$3,899
Legal DescriptionCON 7 N PT LOT 11 RP 11R531 PARTS 1,2 RP 11R4242 PART 1

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Sump Pump, Carpet Free

Security Features

Community Features

Location

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8548 Centennial Road, 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 8548 Centennial Road, Central Elgin, ON N5R 3S6

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$179,970 (30.0%)
* Minimum Canadian down payment required for this price is $34,990.
Amortization Period30 Years
Estimated Monthly Payment$1,997Based on a loan of $419,930 over 30 years.
Purchase Price$599,900
Loan Amount$419,930
Provincial Land Transfer Tax:$8,473
Total Estimated Closing Taxes:$8,473

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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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.