48 South Valerie Street, Central Elgin

$600,000
48 South Valerie Street

$600,000

New
3d
Detached2-Storey

48 South Valerie Street, Central Elgin

Total Monthly Obligation $3,102

Beds
4
Baths
2
Park
6
Sqft
1100-1500
DOM
3d
Yield
5.4%
Cash on Cash
-1.0%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Detached
MLS® Number-X14097788
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-129.15 × 322.13 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$3,687 (2025)
Parking-8 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX CENTRE CITY REALTY INC
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-FLEXIBLE
Neighbourhood-Rural Central Elgin
Title-Residential Freehold

No agent assigned

Welcome to 48 South Valerie Street, located in a sought-after, established and quiet Central Elgin neighbourhood on the edge of St. Thomas. Set on just under an acre, this two-storey home offers 4 bedrooms, 1.5 bathrooms, a detached double-car garage and plenty of potential to make it your own. The welcoming entry leads to a character-filled living room featuring a wood fireplace (not currently in use), flowing into the formal dining area with sliding doors to a deck overlooking the side yard. The kitchen offers ample space and access to a second deck, creating even more room to enjoy outdoor living. The main floor also features a primary bedroom with a convenient 2-piece ensuite. Upstairs, you'll find three good-sized bedrooms, a 4-piece bathroom and ample storage. The partially finished basement offers endless possibilities for additional living space, whether you envision a games room, home theatre, cozy family room or hobby space. There's also potential for an additional bedroom, office or den, along with a cold storage room, utility room and laundry area. Recent updates include R-22 blown-in attic insulation, upgraded electrical, copper and ABS/PEX plumbing, furnace and A/C (2018), basement wall improvements (2021), bathroom updates (2022) and pressure tank (2023). Outside, the expansive lot is ready for your backyard vision, while the long asphalt driveway accommodates up to 10 vehicles. If you're looking for space, a peaceful setting and an opportunity to add your own style, this property is full of possibilities!

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Closing Costs

Mortgage Amount
$480,000
Land Transfer Taxes$8,475
Legal Fees (Est.)
$
Total cash required for closing$129,975

Total Monthly Obligation

$3,102/mo
Mortgage $2,420
Monthly Loss $2,466
Principal$637
Interest$1,783
Property Tax$307
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 48 South Valerie Street

Time

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