$500,000

For sale

234 Cornell Drive, Central Elgin (Port Stanley) - Single Family for Sale

234 Cornell Drive, Central Elgin (Port Stanley), Ontario, N5L1A5

3 beds1 bath2 parking900 ft²42 × 142 ft (5,891 sq ft) lot sizeListed 20 days ago

Overview

This 3-bedroom, 1-bathroom home in Central Elgin is for sale offering roughly 900 sq ft of space. Listed at $500,000, it is attractively priced about 26% below the $675,900 median asking price in Central Elgin. It has been on the market 20 days, fresher than the Central Elgin average of 63 days.

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Description

Imagine waking up in beautiful Port Stanley, where a leisurely stroll to the beach can become part of your everyday routine. Tucked away on a quiet street, this charming 3 bedroom, 1 bath bungalow invites you to slow down and savour life's simple pleasures. Enjoy morning coffee in the spacious eat-in kitchen or on the front porch, intimate dinners or hosting extended family in the separate dining room, and cozy evenings beside the glow of the gas fireplace. With the beach just a walk away, this is more than a house - it's an opportunity to embrace a lifestyle filled with warmth, charm, and lakeside magic. Investors and property buyers, the property offers a location that may appeal to those exploring long-term rental, personal-use, orvalue-add strategies.Updates:electrical 2022,new siding, windows, kitchen, flooring, electrical lights, ac, appliances, owned water heater2023 (id:66096)

Property Details

MLS®: X14084330
Property Type: Single Family
Zoning: r1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 42 × 142 ft (5,891 sq ft)
Frontage: 42 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Radiant heat, Natural gas
Cooling: Wall unit
Garage: No Garage, Tandem
Fireplace: Yes
Ownership

Rooms

Main level

Primary Bedroom: 2.98 x 2.79 meters
Bedroom 2: 2.48 x 2.8 meters
Bedroom 3: 2.66 x 2.8 meters
Living room: 8.33 x 4.1 meters
Utility room: 1.01 x 1.89 meters
Bathroom: 1.49 x 2.85 meters
Dining room: 3.44 x 5.87 meters
Kitchen: 4.39 x 2.88 meters
Sunroom: 2.34 x 4.29 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan, Window Coverings, Water Heater
Foundation: Block
Exterior: Vinyl siding
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Central Elgin (Port Stanley) listings, avg age

63d

Price / ft²

$556

List price

$500K

Homes here sell slower than most markets

Sold homes in this market spent an average of 66 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 3-bed single family in Central Elgin (Port Stanley) has been listed for 20 days, which is 43 days fresher than the city average of 63. Act while there is still low competition.

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Listed by EXP REALTY · LIZA HARNISH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5L)

This home lists at $500,000, about 5.6× the local median household income of $89,000.

Carrying it typically needs a household income of about $97,668 (20% down, 25-yr amortization, stress-tested) — roughly 10% above the area median.

Median household income: $89,000
Population: 3,714
Median age: 57.6
Owner / renter: 85% / 15%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N5L)

$500,000· $556/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $25,000

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$328/mo

Total monthly$2,962

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$6,475

Est. closing costs$4,000

Total cash needed$35,475

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