127 MAIN Street, West Elgin, ON

$279,900
MLS#:X9348982
3 beds
1 baths
700-1100 sqft
4.0 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 construction, this residence presents an exceptional opportunity offered at $279,900 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 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 66 x 122 ft lot
  • Features a unfinished, half 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: None
  • Efficient forced air heating via gas

Description

Affordable 2-Bedroom + Den Home with Tons of Potential in West Lorne. Looking for a home you can make your own? This 2-bedroom + den property offers great bones and plenty of potential for first-time buyers. With recent updates already taken care of, including freshly painted throughout, a newer roof, furnace, bathroom, and siding, the big-ticket items are done, leaving you to focus on the fun stuff like decorating and adding your personal style. The large kitchen provides a solid foundation for updates, while the den is perfect for a home office or extra living space. With an attached garage featuring inside entry and a spacious fenced backyard, there is room to grow and personalize. Some imagination and a bit of decorating will truly bring this home to life. Located in the friendly town of West Lorne, you'll enjoy all the essential amenities while putting your personal stamp on a great property. A perfect opportunity to create your dream home and build equity !

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Property Summary

This detached home located at 127 MAIN Street, West Elgin is currently for sale and has been available on SousaSells for 668 days. This property is listed at $279,900 with an estimated mortgage of $932* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 127 MAIN Street, West Elgin is in the West Lorne neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 4, 2024
Sold price information is available to members only
Listed Date9/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding
BasementUnfinished, Half
Lot Size66 × 122 Feet
CountyElgin
Annual Tax$1,569
Legal DescriptionPT LT 6 BLK D PL 100 ALDBOROUGH AS IN E379347; WEST ELGIN

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Interior Features

None

Security Features

Smoke Detector

Community Features

Location

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127 MAIN 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 127 MAIN 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 Rate4.00%
Down Payment$83,970 (30.0%)
* Minimum Canadian down payment required for this price is $13,995.
Amortization Period30 Years
Estimated Monthly Payment$932Based on a loan of $195,930 over 30 years.
Purchase Price$279,900
Loan Amount$195,930
Provincial Land Transfer Tax:$2,674
Total Estimated Closing Taxes:$2,674

About Purchasing a Home in West Elgin, ON

For a property listed at $279,900 in West Elgin, the legal minimum down payment is $13,995 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 $2,674 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 $2,674.

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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$533,966

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.