347 FIRST Street
Central Elgin, N5L 1E3·MLS® X13208098·
Listing courtesy of Re/max Centre City Realty INC.·Updated May 28
Listing price
$549,900
Est. $2,619/mo
Days on market
Listed May 28, 2026
Description
Welcome to 347 First Street in the heart of beautiful Port Stanley! This charming 3-bedroom, 1-bath cottage is the perfect blend of character, comfort, and location. Nestled on a quiet dead-end street with parking for 2 vehicles, you're just a short walk to Port Stanley Main Beach, local shops, restaurants, and the ever-popular GT's. Lovingly maintained and full of warmth, this cozy retreat offers a bright enclosed front porch/sunroom - the perfect spot to enjoy your morning coffee or unwind in the evening. Inside, you'll find three well-sized bedrooms, a welcoming dining and living area centered around a charming electric fireplace with brick mantel, plus a spacious eat-in kitchen and 3-piece bath. Step outside from the kitchen onto a small patio leading to a fantastic deck area complete with sitting space and fire pit - ideal for entertaining, relaxing, or enjoying summer nights under the stars. Whether you're searching for a year-round home, weekend getaway, or investment opportunity, this delightful cottage captures the very best of Port Stanley living!
Property details
Basement
Crawl Space, Unfinished
Parking
2 spaces
Type
Detached — Bungalow
Heating
Baseboard
AI property estimate
82% confidence · 8 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$7,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$512,000
205 Adelaide Street, Central Elgin
Sold$810,000
152 MAUD Street, Central Elgin
See all 10 comparables
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Market conditions · Port Stanley
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$2,200
Rental yield
4.8%
Est. cash flow
-$1,380
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$134,241
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$566,947
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