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Listed 16 days ago

42134 Mcbain Line

Rural Central Elgin, Central Elgin

$650,000

Detached|2-Storey
3 | 3 | 6
About this home

Welcome to this beautifully maintained two storey home offering 3 bedrooms, 3 bathrooms, and a double car garage, ideally located with easy access to both London and Port Stanley and within the Southwold school district. Set on a private, peaceful lot, this home offers a wonderful combination of comfortable living space and exceptional outdoor enjoyment. The main level features updated flooring through the entrance and kitchen area, oak hardwood floors in the living room, an updated kitchen and under-cabinet lighting, and a welcoming living area complete with a gas fireplace. Updated electrical light fixtures add a modern touch, while all windows were replaced in 2017. Upstairs you'll find three bedrooms, including a primary bedroom with a walk-in closet plus a second closet, along with an updated bathroom. Brand-new carpet on the staircase adds a fresh finishing touch. The private backyard is truly an outdoor retreat, featuring a deck, hot tub, secluded by a pergola, fire pit, pond, and a shed with hydro. A beautiful outdoor space that's perfect for relaxing or entertaining. Additional features include a roof with 30 year shingles 2014, freshly painted, all appliances included, parking for 4 cars plus a double garage. Fully fenced yard. A fantastic opportunity to enjoy a move-in-ready home in a private setting while remaining conveniently close to London and Port Stanley.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$4,512
Lot Size39.99 ft x 132.22 ft
mls© NumberX13691910
Listed ByRE/MAX CENTRE CITY REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,327
Property tax
$376
Heat allowance
$150
Housing costs
$3,853 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $130,000
25-yr amortization

Income needed

$119,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$130,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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