151 Elm Street, West Elgin, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey triplex located in the coveted neighborhood of West Lorne. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $350,000 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.
- 7 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 60.1 x 61 ft lot
- Features a half, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: None
- Efficient forced air heating via gas
Description
Own your own home and collect an income from 2 - 2 bedroom separate apartments. Both apartments rent for $750.00 per month. The tenants are long term. Upper tenant 20 years, lower side tenant 10 years. The rent includes heat and hydro. The main 3 bedroom unit, with full basement access and laundry has been completed renovate and ready to move into. new roof 2024, furnace April 2025, 200 amp hydro service April 2025. New and updated doors, windows and exterior painted. Centrally located,. walking distance to all amenities. The property and any appliance are being sold in "as is" condition. No warranties or guaranties.
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Property Summary
This triplex located at 151 Elm Street, West Elgin is currently for sale and has been available on SousaSells for 444 days. This property is listed at $350,000 with an estimated mortgage of $1,165* per month. It has 7 beds, 3 bathrooms, and is 1500-2000 square feet. 151 Elm 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Golf, Library, Park, Place Of Worship, School
Interior Features
None
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Community Features
Location
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 151 Elm Street, West Elgin, ON N0P 2P0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in West Elgin, ON
For a property listed at $350,000 in West Elgin, the legal minimum down payment is $17,500 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 $3,725 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 $3,725.
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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.