23849 Gibb Line, West Elgin, ON
Property Highlights
Welcome to this remarkable farm located in the coveted neighborhood of Rural West Elgin. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $890,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 1047.03 x 2237.27 ft lot size
Description
Discover this 53.345 acre farm located just south of Wardsville, Ontario. This productive and versatile property with approximately 41 workable acres of fertile loam and clay loam soils is ideal for a variety of crops. The remaining 10 acres feature a beautiful mature woodlot at the rear, highlighted by stately oak trees ready for harvest. The land is part systematically tiled and part random (no maps available), with soil fertility data and yield history on hand for serious buyers. An unopened road allowance borders the east side of the parcel, and hydro is the only existing service. This property offers an excellent opportunity for farmers, investors, or anyone seeking a well balanced mix of productive farmland and managed woodland in a peaceful rural setting.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 23849 Gibb Line, West Elgin, ON N0L 2N0
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About Purchasing a Home in West Elgin, ON
For a property listed at $890,000 in West Elgin, the legal minimum down payment is $64,000 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 $14,275 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 $14,275.
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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.