198 Munroe Street, West Elgin, ON

$314,900
MLS#:X13530640
2 beds
1 baths
700-1100 sqft
2.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of West Lorne. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $314,900 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 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 60 x 132 ft lot
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Primary Bedroom - Main Floor
  • Efficient heat pump heating via electric

Description

Welcome to this move-in-ready 2-bedroom, 1-bath home, offering a practical and approachable entry into homeownership. Whether you are stepping into the market for the first time, starting out as a couple, or looking for a place that simply feels manageable and your own, this home offers comfort, ease, and everyday livability. Inside, you will find a refreshed kitchen and bathroom (2023), creating a clean and functional space that is easy to maintain. The cozy fireplace adds a sense of warmth, making it a place you will look forward to coming home to. A stackable front-load washer and dryer provide added convenience, while key updates including newer windows (2019), a durable metal roof (2019), and an owned hot water tank help take care of the bigger items.The fully fenced backyard offers a private outdoor space for pets, children, or quiet evenings at home. Set on a quieter street, it is the kind of setting that allows you to slow down and enjoy a more relaxed pace of living. Located within walking distance to Tim Hortons and the heart of West Lorne, you are close to local shops, dining, the library, and the West Elgin Community Health Centre. The nearby arena, with updates underway, and local events throughout the year contribute to a welcoming small-town atmosphere where it is easy to feel part of the community. Just five minutes to the 401, 15 minutes to Port Glasgow's waterfront, 10 minutes to a local microbrewery known for its events, 30 minutes to London, and 40 minutes to Chatham-Kent, offering convenience without giving up the charm of small-town living.A home that makes ownership feel within reach, offering a comfortable space to settle in and make your own

Upcoming Open Houses

Sunday, July 12, 20261:00 PM - 3:00 PMPublic

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Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date7/7/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding, Vinyl Siding
BasementCrawl Space
Lot Size60 × 132 Feet
CountyElgin
Annual Tax$1,394
Legal DescriptionPART LOT 164 PL 75 ALDBOROUGH PART 1 1R3311; WEST ELGIN

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
CoolingNone

Features

Property Features

Beach, Golf, Hospital, Library, Place Of Worship, Fenced Yard

Interior Features

Primary Bedroom - Main Floor

Security Features

Community Features

Location

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198 Munroe Street, West 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 198 Munroe Street, West Elgin, ON N0L 2P0

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 West Elgin.

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Interest Rate5.25%
Down Payment$15,745 (5.0%)
* Minimum Canadian down payment required for this price is $15,745.
Amortization Period25 Years
Estimated Monthly Payment$1,783Based on a loan of $299,155 over 25 years.
Purchase Price$314,900
Loan Amount$299,155
Provincial Land Transfer Tax:$3,199
Total Estimated Closing Taxes:$3,199

About Purchasing a Home in West Elgin, ON

For a property listed at $314,900 in West Elgin, the legal minimum down payment is $15,745 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 $3,199 for this transaction. As this listing is in West Elgin (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,199.

Nearby Listings

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No current listings found in West Elgin.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$482,307

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.