$499,900

$529,900For salePrice drop↓ $30,000 (6%)

347 Fourth Street, Central Elgin (Port Stanley) - Single Family for Sale

347 Fourth Street, Central Elgin (Port Stanley), Ontario, N5L1E4

2 beds2 baths0 parking900 ft²36 × 56 ft (2,034 sq ft) lot sizeListed 19 days ago

Overview

This 2-bedroom, 2-bathroom home in Central Elgin is for sale offering roughly 900 sq ft of space. Listed at $499,900, it is attractively priced about 26% below the $675,900 median asking price in Central Elgin. It has been on the market 19 days, fresher than the Central Elgin average of 63 days.

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Description

PORT STANLEY BEACHSIDE !!! - UNIQUE 1.5-STOREY WITH COTTAGE CHARM! Just steps from the sand in the heart of Port Stanley, this character-filled 1.5-storey cottage offers picture-perfect curb appeal and unbeatable rental yield potential in a highly sought-after lakeside location. The beautifully landscaped exterior greets you with a classic white picket fence and a welcoming front porch, while offering the incredible potential to easily convert the front yard into a 3-car parking pad to eliminate beachside parking hassles. Inside, you will love the natural wood character, bright living spaces, and multiple skylights that fill the home with natural light. The main level features a welcoming foyer, a comfortable living room with built-in shelving, a 3-piece bathroom, one bedroom, a spacious eat-in kitchen ideal for gatherings and includes a very special Old Style stove powered by both gas and electricity. There is a rear laundry/utility room with direct access to the back deck and storage shed. The entire upper level is dedicated to a private primary suite retreat, featuring a generous bedroom area, office, dressing space, and a cottage-style soaker tub paired with a functional, separate private ensuite toilet and sink. Complete with a central vacuum and total move-in appeal, this home is priced to move immediately. (id:66096)

Property Details

MLS®: X14086186
Property Type: Single Family
Zoning: R1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 900 ft²
Lot Size: 36 × 56 ft (2,034 sq ft)
Frontage: 36 ft
Storeys: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $2,845/yr
Listed

Rooms

Main level

Foyer: 1.79 x 2.51 meters
Living room: 6.77 x 2.91 meters
Bathroom: 2.87 x 2.25 meters
Kitchen: 3.63 x 4.64 meters
Laundry room: 2.47 x 2.09 meters
Bedroom 2: 2.3 x 2.4 meters

Second level

Primary Bedroom: 5.34 x 7.63 meters
Bathroom: 1.32 x 1.32 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, Central Vacuum, Dishwasher, Stove, Dryer
Foundation: Unknown
Exterior: Wood
Lot Features: Cul-de-sac, Flat site

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

19d

Central Elgin (Port Stanley) listings, avg age

63d

Price / ft²

$555

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 2-bed single family in Central Elgin (Port Stanley) has been listed for 19 days, which is 44 days fresher than the city average of 63. Act while there is still low competition.

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Listed by RE/MAX CENTRE CITY REALTY INC. · GREGORY GALBRAITH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5L)

This home lists at $499,900, about 5.6× the local median household income of $89,000.

Carrying it typically needs a household income of about $97,648 (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)

$499,900· $555/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$237/mo

Total monthly$2,870

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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