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Property Type: Detached HouseOwnership: Freehold
278 ELGIN CRESCENT
Stratford, ON N5A3Z7
MLS® X13702542
$530,000
4 bed2 bath3 parking
Property Details
Property & Lot
- Sub-type
- House
- Style
- Raised bungalow
- Stories
- 1
- Lot size
- 57 x 112 FT
- Frontage
- 57 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,280 (2025)
Interior
- Basement
- Partially finished, Full, Walk-up, N/A, N/A
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | — |
| Utility room | Lower level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bathroom | Main level | — |
| Bedroom 3 | Lower level | — |
| Bedroom 4 | Lower level | — |
| Bathroom | Lower level | — |
| Recreational, Games room | Lower level | — |
Description
This well-maintained raised bungalow is nestled in a mature neighbourhood near the splash pad park, playground, and Anne Hathaway School. The spacious main floor features two bedrooms, while the lower level offers two more bedrooms with large windows. A spacious recreation room, full bathroom, and walk-out entrance make this ideal for a multi-generational home or income potential. The lovely backyard, partially fenced and featuring a large shed, adds to its charm. This home has been loved by the same family for 48 years and is ready for the next owners to make it their own. Quick closing is possible. (id:63159)
Listing Information
- MLS®
- X13702542
- Tax assessment year
- 2025
- Data last synced
- October 4, 2026
Royal LePage Hiller Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Hiller Realty
MLS® Number: X13702542
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of OnePoint Association of REALTORS®.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Stratford average
$393/sqft
28 active listing(s)
Parking: 3 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
8°C
Fog
Humidity 99%
Wind ENE 3 km/h
Tonight
8°
Thursday
20°
Thursday night
5°
Friday
12°
Friday night
0°
Saturday
15°
Source: Environment and Climate Change Canada.
Population
45,195
(2021 Census)
+7.3% since 2016
Density:
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 5.3% ($28,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$424,000.00
Periodic payment — Principal & Interest (monthly)$2,735.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$356.67
Total monthly cost$3,092.17
Interest paid over 5-yr term$121,519.62
Balance at end of term$381,389.37
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$28,000
Stress test qualifying rate8.19%
Payment you must qualify for$3,892.38
Cash Needed at Closing
Minimum down payment$28,000
Estimated Land Transfer Tax (LTT)$7,075
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,575
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
