$499,900

For sale

7512 FAIRVIEW Road, Central Elgin - Single Family for Sale

7512 FAIRVIEW Road, Central Elgin, Ontario, N5P3S8

3 beds1 bath10 parking1,300 ft²124 × 264 ft (32,683 sq ft) lot sizeListed 13 days ago

Overview

This 3-bedroom, 1-bathroom home in Central Elgin is for sale offering roughly 1,300 sq ft of space. Listed at $499,900, it is attractively priced about 29% 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

Enjoy a little bit of country living just south of the city! This 3-bedroom ranch offers a functional layout featuring a family room, a second family room/rec room that could potentially serve as an additional bedroom, and convenient main-level laundry. Recent updates include a roof (2022), central air conditioning (2023), a stainless steel dishwasher (2026), and updated flooring. Situated on a spacious 123 x 264 ft lot, the property offers parking for 10+ vehicles and plenty of room to spread out, with the opportunity to build your dream shop in the backyard. A fenced section of the yard is ideal for keeping children and pets contained, while leaving ample space to enjoy the outdoors. Three sheds provide additional storage and utility. (id:66096)

Property Details

MLS®: X14106940
Property Type: Single Family
Zoning: RES
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 10
Interior Size: 1,300 ft²
Lot Size: 124 × 264 ft (32,683 sq ft)
Frontage: 124 ft
Storeys: 1
Style: Bungalow
Basement: Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 3.91 x 5.53 meters
Kitchen: 3.35 x 4.21 meters
Family room: 3.75 x 5.79 meters
Bedroom: 3.2 x 3.3 meters
Bedroom: 3.35 x 2.76 meters
Bedroom: 3.7 x 3.3 meters
Other: 2.28 x 3.5 meters
Bathroom: 1.73 x 2.01 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, Microwave, Water Heater
Foundation: Block
Exterior: Vinyl siding

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Central Elgin listings, avg age

66d

Price / ft²

$385

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 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 KELLER WILLIAMS LIFESTYLES · MATTHEW BUZZELL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5P)

This home lists at $499,900, about 6.5× the local median household income of $77,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.

Median household income: $77,500
Population: 21,081
Median age: 42.8
Owner / renter: 68% / 32%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5P)

$499,900· $385/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.)$279/mo

Total monthly$2,912

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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