$449,000

$474,000For salePrice drop↓ $25,000 (5%)

244 West Street, Central Elgin (Belmont) - Single Family for Sale

244 West Street, Central Elgin (Belmont), Ontario, N0L1B0

2 beds1 bath4 parking900 ft²66 × 165 ft (10,890 sq ft) lot sizeListed 91 days ago

Overview

This 2-bedroom, 1-bathroom home in Central Elgin is for sale offering roughly 900 sq ft of space. Listed at $449,000, it is attractively priced about 40% below the $749,900 median asking price in Central Elgin.

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Description

Welcome home to this charming, move-in ready bungalow in the heart of the growing community of Belmont! Perfect for first-time buyers, downsizers, or anyone looking for a beautifully updated home, this 2-bedroom, 1-bath gem is packed with value and peace of mind.Enjoy numerous major upgrades, including new windows (2016), an updated bathroom (2018), a durable steel roof (2020), furnace and central air (2020), and an owned hot water tank-making this home as practical as it is inviting.Step outside to a spacious lot with plenty of room to garden, entertain, or simply relax. The property also features a single detached garage plus an additional storage shed for all your tools and outdoor equipment.The home comes complete with all major appliances, including the fridge, stove, dishwasher, washer, and dryer, making your move even easier.Location is everything! You'll love being within walking distance of the new school, grocery store, parks, and everyday amenities, while enjoying the welcoming small-town atmosphere Belmont is known for. Minutes to Highway 401, London, and St. Thomas, this home offers the perfect blend of small-town charm and commuter convenience. With its ideal combination of updates, location, and value, this is an opportunity you won't want to miss! (id:66096)

Property Details

MLS®: X13641044
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 66 × 165 ft (10,890 sq ft)
Frontage: 66 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, N/A
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,283/yr
Listed

Rooms

Main level

Living room: 4.05 x 5.32 meters
Dining room: 4.05 x 3.52 meters
Kitchen: 2.97 x 3.52 meters
Primary Bedroom: 4.08 x 2.79 meters
Bedroom: 2.87 x 3.68 meters
Laundry room: 2.44 x 4.46 meters

Basement

Utility room: 4.38 x 3.42 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, Dishwasher, Stove, Dryer, Water Heater
Foundation: Block
Exterior: Stone
Lot Features: Flat site, Dry

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

91d

Central Elgin (Belmont) listings, avg age

64d

Price / ft²

$499

List price

$449K

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 2-bed single family in Central Elgin (Belmont) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE TRILAND REALTY · TRISHA CRINKLAW

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0L)

This home lists at $449,000, about 4.5× the local median household income of $100,000.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $100,000
Population: 49,817
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0L)

$449,000· $499/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,450

Min 5%50%

Mortgage payment$2,365/mo

↳ CMHC premium ($17,062 capitalized)

Property tax (est.)$274/mo

Total monthly$2,638

Cash Needed to Close

Down payment (5%)$22,450

Land transfer tax$5,455

Est. closing costs$3,847

Total cash needed$31,752

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