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240 Elgin Meadows Way SE
Beds
5
Baths
4 full + 1 half
Sqft
2,249
Year
2013
Type
Single Family
On market
0d
Welcome to 240 Elgin Meadows Way SE, a beautifully maintained and spacious family home located on a quiet, tree-lined street in the heart of McKenzie Towne. Perfectly positioned facing a picturesque green space, this impressive property offers over 3,100 sq. ft. of developed living space, including a fully finished basement Illegal-suite with a separate side entrance.The main floor features gleaming hardwood floors throughout, a versatile den that can easily serve as a fourth bedroom or home office, and a bright open-concept layout designed for modern living. The spacious kitchen is the heart of the home, showcasing granite countertops, a large center island, ample cabinetry, and a walk-in pantry—perfect for both everyday living and entertaining.Upstairs, you’ll find three generously sized bedrooms, including a spacious primary retreat, along with a large bonus room ideal for family gatherings, a media room, or children’s play area.The 2 bedroom basement offers approximately 881 sq. ft. living space with a separate side entrance, providing excellent flexibility for extended family or potential rental income.Step outside to enjoy the private backyard complete with a BBQ deck, creating the perfect space for summer entertaining and relaxation. The rear attached double garage provides ample parking and storage.Located close to parks, pathways, schools, shopping, and all amenities, this exceptional home combines space, functionality, and a highly desirable location. A rare opportunity for growing families, multi-generational living, or savvy investors alike. Check out 3D tour link. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 10.17 Ft x 10.08 Ft | |
| Kitchen | 12.25 Ft x 13.67 Ft | |
| Living room | 16.33 Ft x 15.00 Ft | |
| Den | 8.92 Ft x 10.92 Ft | |
| 2pc Bathroom | 5.50 Ft x 4.67 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.83 Ft x 8.17 Ft | |
| 4pc Bathroom | 9.92 Ft x 9.17 Ft | |
| Bedroom | 12.33 Ft x 11.75 Ft | |
| Bedroom | 9.67 Ft x 12.33 Ft | |
| Primary Bedroom | 17.33 Ft x 13.67 Ft | |
| Bonus Room | 13.92 Ft x 19.00 Ft | |
| Laundry room | 5.75 Ft x 6.00 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.08 Ft x 8.92 Ft | |
| Bedroom | 12.50 Ft x 10.33 Ft | |
| Bedroom | 11.83 Ft x 10.33 Ft | |
| Recreational, Games room | 12.00 Ft x 13.17 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.87%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,178
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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