43 Elgin Street, Cramahe, ON

$659,000
MLS#:X9311435
5 beds
2 baths
7.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Sidesplit 4 detached located in the coveted neighborhood of Colborne. Expertly crafted featuring premium stone and vinyl siding construction, this residence presents an exceptional opportunity offered at $659,000 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.

  • 5 Bedrooms and 2 Bathrooms
  • Premium 73.4 x 131.41 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Other
  • Efficient forced air heating via gas

Description

Welcome to an idyllic countryside/urban retreat! This sprawling county home boast 3 bedrooms on the upper level with an additional 2 rooms that can easily be converted back to add more bedrooms. This home offers ample space for family and guests. Nestled amidst greenery, it radiates rustic charm and tranquility. The expansive living areas, adored with timeless finishes, invite gatherings and treasured moments. A modern country kitchen beckons culinary adventures. Embrace the panoramic views from your deck, savoring the serenity of rural living. The alluring finished basement provides additional living space, perfect for gatherings or multigenerational families. Unwind in your private hot tub, creating cherished memories. Whether you're enjoying a morning coffee or stargazing under the night sky. This home has the perfect blend of comfort and elegance. Experience the charm of this countryside home with the convenience of urban living. Welcome to your haven of relaxation and enjoyment.

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Property Summary

This detached home located at 43 Elgin Street, Cramahe is currently for sale and has been available on SousaSells for 674 days. This property is listed at $659,000 with an estimated mortgage of $2,194* per month. It has 5 beds, 2 bathrooms, and is unknown square feet. 43 Elgin Street, Cramahe is in the Colborne neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 24, 2024
Sold price information is available to members only
Listed Date9/10/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleSidesplit 4
ConstructionStone, Vinyl Siding
BasementFinished
Lot Size73.4 × 131.41 Feet
CountyNorthumberland
Annual Tax$4,028
Legal DescriptionPT LT 77-78 PL 19 CRAMAHE AS IN NC326511 TOWNSHIP OF CRAMAHE

Parking & Garage

Parking Spaces7.0
Garage Spaces5
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Cul de Sac/Dead End, Fenced Yard, Level, Park, Place Of Worship, School

Interior Features

Other

Security Features

Community Features

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Location

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43 Elgin Street, Cramahe, 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 43 Elgin Street S, Cramahe, ON K0K 1S0

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 Cramahe.

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Interest Rate4.00%
Down Payment$197,700 (30.0%)
* Minimum Canadian down payment required for this price is $40,900.
Amortization Period30 Years
Estimated Monthly Payment$2,194Based on a loan of $461,300 over 30 years.
Purchase Price$659,000
Loan Amount$461,300
Provincial Land Transfer Tax:$9,655
Total Estimated Closing Taxes:$9,655

About Purchasing a Home in Cramahe, ON

For a property listed at $659,000 in Cramahe, the legal minimum down payment is $40,900 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 $9,655 for this transaction. As this listing is in Cramahe (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,655.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Colborne, Cramahe.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$643,224

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.