$639,900

For sale

68 Lois Avenue, Central Elgin - Single Family for Sale

68 Lois Avenue, Central Elgin, Ontario, N5R5A4

5 beds2 baths8 parking900 ft²82 × 157 ft (12,954 sq ft) lot sizeListed 13 days ago

Overview

This 5-bedroom, 2-bathroom home in Central Elgin is for sale offering roughly 900 sq ft of space. Listed at $639,900, it is attractively priced about 9% below the $699,900 median asking price in Central Elgin. It has been on the market 13 days, fresher than the Central Elgin average of 66 days.

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Description

Welcome to this updated 3+2 bedroom, 2 full bathroom ranch bungalow set on a mature 82 ft. x 157 ft. lot! Offering an abundance of space both inside and out. This property features a fantastic 21.8 ft. x 38.5 ft. 4 car tandem garage, ideal for car enthusiasts, hobbyists, or those needing exceptional storage. Enjoy outdoor living at its best with an inground pool, two-tier deck, gazebo, two sheds, concrete patio, and concrete driveway. Inside, the finished recreation room with a gas fireplace provides the perfect space for relaxing or entertaining. New shingles, furnace. New basement and living room windows in the last 2 years. A wonderful opportunity to enjoy a comfortable one floor home with an open concept plan with additional finished living space and an impressive backyard retreat. Close to Lawton Park featuring pickleball courts, a basketball court, and a playground. A property with space, versatility, and plenty of potential to make it your own! (id:66096)

Property Details

MLS®: X14109438
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 8
Interior Size: 900 ft²
Lot Size: 82 × 157 ft (12,954 sq ft)
Frontage: 82 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Pool: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Dining room: 3.49 x 4.25 meters
Kitchen: 3.52 x 4.25 meters
Living room: 5.3 x 3.77 meters
Bedroom: 3.63 x 2.4 meters
Primary Bedroom: 3.63 x 3.68 meters
Bedroom: 3.13 x 3.68 meters

Basement

Utility room: 4.4 x 4.52 meters
Bedroom: 3.12 x 3.58 meters
Family room: 7.76 x 5.78 meters
Laundry room: 3.65 x 3.58 meters

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Concrete
Exterior: Brick, Vinyl siding
Lot Features: Irregular lot size, Gazebo

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Central Elgin listings, avg age

66d

Price / ft²

$711

List price

$640K

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 5-bed single family in Central Elgin has been listed for 13 days, which is 53 days fresher than the city average of 66. Act while there is still low competition.

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Listed by RE/MAX CENTRE CITY REALTY INC. · JOE MAVRETIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5R)

This home lists at $639,900, about 8.0× the local median household income of $80,000.

Carrying it typically needs a household income of about $124,995 (20% down, 25-yr amortization, stress-tested) — roughly 56% above the area median.

Median household income: $80,000
Population: 30,680
Median age: 44.8
Owner / renter: 74% / 26%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5R)

$639,900· $711/ft²

For sale

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Full Cost Breakdown

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Down Payment6.09% · $38,990

Min 6.09%50%

Mortgage payment$3,332/mo

↳ CMHC premium ($24,036 capitalized)

Property tax (est.)$361/mo

Total monthly$3,692

Cash Needed to Close

Down payment (6.09%)$38,990

Land transfer tax$9,273

Est. closing costs$4,420

Total cash needed$52,683

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