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There are currently 3 for rent bungalow listings in Central Elgin, Ontario with an average price of $2,050 CAD.

Listings:
3
Avg. Price:
$2,050
Map View
381 Front Street, Central Elgin, ON N5L 1G1 - Property 1
FOR LEASE
$2,500/mo
381 Front Street, Central Elgin
3 bed • 1 bath • 3 parking
439 Edith Cavell Boulevard, Central Elgin, ON N5L 1G8 - Property 1
FOR LEASE
$1,550/mo
439 Edith Cavell Boulevard, Central Elgin
2 bed • 1 bath • 2 parking
234 Cornell Drive, Central Elgin, ON N5L 1A5 - Property 1
FOR LEASE
$2,100/mo
234 Cornell Drive, Central Elgin
3 bed • 1 bath • 2 parking

Central Elgin Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Seller's Market(200% SNR)
Median Sold (6M)
$631,250
+6% YoY
Avg. Days on Market
58 Days
6-month closed average
Sold (6M) / Active
86 / 43
Closed vs active inventory
6M / 2Y Price Change
-15% (6M)
2Y trend: -35.7%
Nov 26: Median $559,000 • 11 sold • 61 DOMHover or tap points to inspect monthly data
$540k$580k$620k$660k$700kDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Central Elgin Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$631,2508658 days43
1 Year$635,00014463 days43
3 Years$635,00026254 days43
5 Years$635,00026254 days43

Bungalow Rental Market Dynamics in Central Elgin

The bungalow rental market in Central Elgin currently features 3 verified single-storey lease listings on the MLS®. Offering tenants private fenced yards, multi-car driveways, and expansive single-level living without condo maintenance fees, detached bungalows in Central Elgin provide exceptional comfort and privacy.

Prospective tenants in Central Elgin can choose from traditional detached brick bungalows, raised bungalows with bright above-grade lower levels, and modern bungalofts featuring main-floor primary suites.

Average Prices by Bedroom in Central Elgin

BedroomsAvg. PriceActive Listings
2 Beds$1,5501
3 Beds$2,3002

Central Elgin Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Understanding current rental rates in Central Elgin is essential for competitive lease applications. Active MLS® inventory shows entry-level bungalow rentals starting at $2K, while renovated full-home properties and executive bungalows lease for up to $3K. The average bungalow rental in Central Elgin currently commands approximately $2K per month.

Because land value represents the overwhelming majority of a bungalow's total equity in Central Elgin, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.

Secondary Suites, ADUs & Investment Potential in Central Elgin

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Central Elgin, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Central Elgin can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).

This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in Central Elgin exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Top Neighborhoods in Central Elgin

Exploring sub-areas within Central Elgin can help buyers compare average prices and active inventory across communities.

NeighborhoodAvg. PriceListings
Port Stanley$2,0503

Accessibility, Aging-in-Place & Downsizer Demand in Central Elgin

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Central Elgin deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in Central Elgin represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Central Elgin.

The average monthly lease price for a bungalow in Central Elgin is currently $2K, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.