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326 Smith Street

Central Elgin, N5L 1C6·MLS® X13654248

Listing courtesy of Call It Closed International Brokerage·Updated Aug 19

Listing price

$499,000

Est. $2,377/mo

Days on market

31

Listed Aug 8, 2026

For sale
1 / 26
3bd·1ba·1,100-1,500sqft·100+ yearsold

Description

Just 500 metres from the sand, this is the kind of place people come to Port Stanley for-and rarely leave. Tucked just off the shoreline, this 4 season, 3-bedroom cottage delivers the flexibility buyers are actually chasing right now: personal escape, income potential, or both. It's been thoughtfully updated without losing that relaxed beach-town feel, making it equally suited for weekend use or full-time living. The main level opens up into a bright, connected living space designed for real use-not just show. The kitchen anchors the home with quartz countertops, a central island, and a herringbone backsplash that adds just enough edge without overdoing it. From there, it flows naturally into the living and family rooms, where a new gas fireplace creates a comfortable focal point, especially in the off-season. Out back, the setup is simple and effective: a private yard, updated fencing, and a deck built for long summer nights, whether that's hosting a group or just slowing things down after a day at the beach. Mechanically, the heavy lifting is done. Furnace (2023), A/C (2022), and the new fireplace (2024) mean you're not walking into a project-you're walking into something that works.What really separates this property is how it performs. It's already established as a short-term rental, with a track record of happy guests and repeat use. It can be sold fully furnished, which means you can step into the upcoming season without missing a beat-or keep it entirely for yourself and use it when you want.Walk to Main Beach. Walk to the restaurants. Or don't leave the backyard at all.In a market where buyers are weighing lifestyle against numbers, this one manages to check both boxes without compromise.

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Property details

Type
Detached, 2-Storey
Age
100+ years
Lot size
22 × 132 ft · < .50 acres
Interior
1100-1500 sqft
Rooms
7 rooms
Bathrooms
1 × 3-piece on Second
Basement
Full, Unfinished
Heating
Forced Air
Cooling
Central Air
Exterior
Aluminum Siding
Foundation
Concrete Block
Roof
Metal
Water & sewer
Sewer
Driveway
Other
Property tax
$2,778/yr (2025)

Rooms

Main

Living Room
3.05 × 3.9 m
Kitchen, eat-in kitchen, centre island, quartz counter
3 × 4.3 m
Family Room, fireplace, bay window
3.9 × 4 m
Foyer
4 × 1 m

Second

Bedroom 2
2.9 × 3.2 m
Primary Bedroom
4 × 5 m
Bedroom 3
2.8 × 2.5 m

AI property estimate

$625,300~25.3% above asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$562,770$687,830

77% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Port Stanley

Central Elgin, ON

Monthly paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,377
Property tax$541
Insurance (est.)$104
Utilities (est.)$250
Total monthly$3,271
Land transfer taxOne-time, on closing

Ontario LTT

$6,455

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Listed 6 times · asking price down 17% from the first ask

$499,000

Listed Aug 8, 2026

On the market
$499,000 9%

Listed Jun 18, 2026 · 51 days on market

Taken off the market

Aug 8, 2026

$550,000 4%

Listed Apr 13, 2026 · 65 days on market

Taken off the market

Jun 17, 2026

$574,888

Listed Aug 14, 2025 · 108 days on market

Listing expired

Nov 30, 2025

$574,888 4%

Listed Mar 6, 2025 · 147 days on market

Listing expired

Jul 31, 2025

$599,000

Listed Jun 14, 2024 · 86 days on market

Listing expired

Sep 8, 2024

457 days on the market in total across 6 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

205 Cornell Drive, Central ElginSold

$1,109,000

205 Cornell Drive, Central Elgin

3 bd·3 ba·2,000-2,500 sqft
361 George Street, Central ElginSold

$735,000

361 George Street, Central Elgin

3 bd·2 ba·2,000-2,500 sqft

See what these 6 homes sold for

Create a free account to unlock premium data.

Market conditionsPort Stanley · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$806,633

Sale-to-list ratio

93.5%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$122,670

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

Not sure about financing? Ask Colin

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AI estimate

$625,300

Above Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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