Homula Realty Brokerage
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288 Ashford Street, Central Elgin, ON N0L 1B0

3 beds · 3 baths · 1 kitchen · 9 rooms · 6 parking spaces · 1500-2000 sq ft · Detached
$740,000

**Currently under construction ** Welcome home to this beautifully crafted new build in the heart of Belmont, a welcoming and family-friendly community just minutes east of London and close to Hwy 401. Perfectly positioned with no rear neighbours, this home backs directly onto open soccer fields, offering peaceful views and space for kids to play right outside your backyard.Built with quality and attention to detail, this home features 2x6 exterior wall construction, and energy-efficient systems including a 96% high-efficiency furnace, HRV, and central air. The thoughtfully designed interior showcases a bright, open-concept layout with granite kitchen countertops, soft-close cabinetry, a unique staircase upon entry, and modern finishes throughout.Enjoy stylish and durable flooring including vinyl plank on the main level, tile in bathrooms and laundry, and cozy carpeted bedrooms. Additional highlights include 9' basement walls, a 200-amp electrical service, CAT5 wiring, insulated garage, and a tankless hot water system (rental).The exterior is just as impressive with Brampton brick, prefinished aluminum soffit and fascia, Handi Paver driveway, and fully sodded lot. Finished with care right down to the details , including full-height bathroom mirrors, Moen fixtures, and a professionally cleaned home prior to closing.A wonderful opportunity to own a brand-new home in a growing community that offers small-town charm with easy access to city amenities.

MLS number
X13781706
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
3
Postal code
N0L 1B0
Photos
6
Laundry
Not in the unit
1days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Detached houses in Central Elgin — 274 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$633k$688k$742k20252026this home’s asking price
$678klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d27d55d20252026
23dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in central elgin. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$148,000 · minimum here is $49,000
$3,276.56per month
Borrowed before insurance$592,000
Total borrowed$592,000
Interest over 25 years at 4.5%$390,968

If you rented it out

-$3,276.56per month out of pocket
Rent$0.00
Everything it costs to hold$3,276.56
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by BLUE FOREST REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.