9788 Tower Road, Central Elgin, ON

$829,900
MLS#:X8413226
5 beds
2 baths
1500-2000 sqft
12.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 11, 2024. This listing is for reference purposes only. to view the sold price.

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 $829,900 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.

  • 5 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 109.4 x 264.95 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 12.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Central Vacuum, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled in a serene setting, this charming brick home offers the perfect blend of country tranquility and city convenience. With spacious living areas and ample outdoor space, this property is ideal for families, hobbyists, home businesses or anyone seeking a peaceful retreat. The main floor (1673 sf) offers versatile living/dining areas along with roomy kitchen and eat-in area, adorned by an Elmira wood stove. Three comfortable bedrooms on main level along with 2 versatile rooms that can be used as bedrooms, home offices, or guest quarters in the lower level. Cozy, large family room perfect for gatherings and special occasions. Laundry and storage in lower along with storage space. Beautifully landscaped gardens with mature trees and open spaces. There is a Generator for uninterrupted power supply. Central heating and cooling, forced air gas furnace. Secure fencing around the property. Heated porch to keep you toasty on colder days - perfect for warming up boots and shoes. Newer windows for energy efficiency and enhanced comfort. Ample parking space for multiple vehicles. This property offers the best of both worlds, a peaceful country atmosphere within easy reach of city amenities. Enjoy the tranquility of nature while being just a short drive from schools, shopping centers, restaurants, and entertainment options. This unique property won't last long make it yours today! Basement almost fully finished and offers approx. 1456 sf.

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Property Summary

This detached home located at 9788 Tower Road, Central Elgin is currently for sale and has been available on SousaSells for 772 days. This property is listed at $829,900 with an estimated mortgage of $2,762* per month. It has 5 beds, 2 bathrooms, and is 1500-2000 square feet. 9788 Tower 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
5
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 11, 2024
Sold price information is available to members only
Listed Date6/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFull, Finished
Lot Size109.4 × 264.95 Feet
CountyElgin
Annual Tax$5,874.98
Legal DescriptionPT LT 16 CON 9 YARMOUTH PT 2 11R2869; CENTRAL ELGIN

Parking & Garage

Parking Total12.0
Parking Space10
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Auto Garage Door Remote, Central Vacuum, Sump Pump

Security Features

Security System

Community Features

Location

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9788 Tower 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 9788 Tower Road, Central Elgin, ON N5P 3S7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$248,970 (30.0%)
* Minimum Canadian down payment required for this price is $57,990.
Amortization Period30 Years
Estimated Monthly Payment$2,762Based on a loan of $580,930 over 30 years.
Purchase Price$829,900
Loan Amount$580,930
Provincial Land Transfer Tax:$13,073
Total Estimated Closing Taxes:$13,073

About Purchasing a Home in Central Elgin, ON

For a property listed at $829,900 in Central Elgin, the legal minimum down payment is $57,990 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 $13,073 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 $13,073.

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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.