248 Borden Avenue, Central Elgin, ON

$299,900
MLS#:X12218573
2 beds
2 baths
1100-1500 sqft
10.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Belmont. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $299,900 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 1100-1500 sqft on a premium 160.44 x 78.1 ft lot
  • Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Primary Bedroom - Main Floor, Storage, Upgraded Insulation
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Don't miss the opportunity to own a slice of paradise on a quarter-acre lot, just outside of Belmont. Experience the ease of one-floor living with nearly 1,300 sq ft of thoughtfully designed space. This charming 2-bedroom, 2-bathroom home is sure to impress! The open-concept floor plan includes a modern kitchen with a center island, double sinks, quartz countertops, and plenty of cabinet space. Take in stunning ravine views from every room on the back of the house, with the living room featuring a grand 12-foot patio door. Picture yourself waking up to serene views of nature right outside your window. Both bedrooms boast large patio doors, offering direct access to the back deck. Primary bedroom with walk-in closet and a 2-piece ensuite with a rough-in for a shower. Enjoy the added convenience of main floor laundry. Another 4-piece bath finishes off this level. The partial basement provides plenty of space for storage and houses all the utilities. So many updates to mention! From a reimagined layout to updated windows, patio doors, siding, and a steel roof, to recent upgrades such as the furnace, A/C, plumbing, and electrical system. Other improvements include enhanced insulation, new floor and ceiling joists, a stylish modern kitchen, updated flooring, lighting, and exterior decks. This property is truly a gem! Step into a backyard paradise with lush gardens featuring roses, ferns, and a variety of fruit trees. An 18-foot above-ground pool adds the perfect finishing touch. Enjoy the convenience of two private driveways, while the detached shop offers endless potential!

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Property Summary

This detached home located at 248 Borden Avenue, Central Elgin is currently for sale and has been available on SousaSells for 399 days. This property is listed at $299,900 with an estimated mortgage of $998* per month. It has 2 beds, 2 bathrooms, and is 1100-1500 square feet. 248 Borden Avenue, Central Elgin is in the Belmont 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
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusTerminated
Listed Date6/13/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementPartial Basement, Unfinished
Lot Size160.44 × 78.1 Feet
CountyElgin
Annual Tax$2,945
Legal DescriptionPART LOT 2, CONCESSION 7, AS IN 220221 BELMONT

Parking & Garage

Parking Spaces10.0
Garage Spaces6
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Ravine, Wooded/Treed

Interior Features

Primary Bedroom - Main Floor, Storage, Upgraded Insulation, Water Heater Owned

Security Features

Community Features

Location

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248 Borden Avenue, 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 248 Borden Avenue, Central Elgin, ON N0L 1B0

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$89,970 (30.0%)
* Minimum Canadian down payment required for this price is $14,995.
Amortization Period30 Years
Estimated Monthly Payment$998Based on a loan of $209,930 over 30 years.
Purchase Price$299,900
Loan Amount$209,930
Provincial Land Transfer Tax:$2,974
Total Estimated Closing Taxes:$2,974

About Purchasing a Home in Central Elgin, ON

For a property listed at $299,900 in Central Elgin, the legal minimum down payment is $14,995 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 $2,974 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 $2,974.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Belmont, Central Elgin.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$774,958

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.