141 Elgin Street, West Grey, ON

$499,000
MLS#:X9251833
5 beds
3 baths
2000-2500 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of West Grey. Expertly crafted featuring premium board & batten and brick construction, this residence presents an exceptional opportunity offered at $499,000 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.

  • 5 Bedrooms and 3 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 66 x 165 ft lot
  • Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this classic 5 bedroom brick home nestled on a generous 66'x165' lot! Boasting a double paved driveway and a remarkable 3-tier deck. This property combines spaciousness and practicality with a hint of timeless charm. Inside, discover an expansive 16'x30' addition complete with a lower level of approx. 1,000 square feet of living space, offering additional room for an in-law suite since there is a bedroom and living room already in place. The modern kitchen provides all you need to whip up culinary delights, while the main floor laundry and bath add convenience to your daily routine. This home is in excellent condition with numerous recent upgrades, including electrical systems, steel roofing and furnace. Gorgeous hardwood floors on the main level enhance the home's elegant aesthetic. Upstairs, you'll find four comfortable bedrooms, while an additional bedroom and full recreational room reside in the lower level, providing even more space for family and guests. The attic can also be finished to suit your needs, whether for additional living space or storage. The location is ideal, within walking distance of Tim Hortons, grocery shopping, scenic waterfalls and beautiful hiking trails. Commuting to the city is a breeze, and you'll appreciate the proximity to the the public school which is less than a km away. Don't miss this opportunity to own a home that offers a blend of comfort, convenience, and classic appeal! Contact us today for more information and to schedule a viewing. The buyers can have a fast 30 day closing if they wish.

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Property Summary

This detached home located at 141 Elgin Street, West Grey is currently for sale and has been available on SousaSells for 702 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 5 beds, 3 bathrooms, and is 2000-2500 square feet. 141 Elgin Street, West Grey is in the West Grey neighborhood.

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

Key Features

Bedrooms
5
Bathrooms
3
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 2, 2024
Sold price information is available to members only
Listed Date8/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBoard & Batten , Brick
BasementFinished, Separate Entrance
Lot Size66 × 165 Feet
CountyGrey County
Annual Tax$2,666.37
Legal DescriptionN 1/2 LOT IO E/S ELGIN ST PL 500 DURHAM MUNICIPALITY OF WEST GREY

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

None

Security Features

Community Features

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Location

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141 Elgin Street, West Grey, 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 141 Elgin Street S, West Grey, ON N0G 1R0

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 Grey.

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Interest Rate4.00%
Down Payment$149,700 (30.0%)
* Minimum Canadian down payment required for this price is $24,950.
Amortization Period30 Years
Estimated Monthly Payment$1,661Based on a loan of $349,300 over 30 years.
Purchase Price$499,000
Loan Amount$349,300
Provincial Land Transfer Tax:$6,455
Total Estimated Closing Taxes:$6,455

About Purchasing a Home in West Grey, ON

For a property listed at $499,000 in West Grey, the legal minimum down payment is $24,950 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 $6,455 for this transaction. As this listing is in West Grey (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,455.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$578,876

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.