Two homes for the price of one! Discover an exceptional opportunity in Shelburne, where timeless century-home charm meets the comfort of a separate, modern laneway residence. With two distinct living spaces, a gated backyard and a three-car garage, this unique property offers flexibility for extended family, multigenerational living or rental income.The stately main home features five bedrooms and three bathrooms, with spacious principal rooms, large windows and beautiful stained glass throughout. Rich in character, this residence showcases the distinctive craftsmanship and delightful details that make century homes so special. Two porches and two balconies provide inviting spaces to enjoy your morning coffee or unwind at the end of the day. Two upper bedrooms even feature a "closet within a closet"-a charming detail you truly must see.A steel roof and newer boiler complement the home's period appeal, with heat delivered through ornate radiators. Outside, the gated backyard offers space to relax and gather, while the three-car garage provides generous parking and storage.Built in 2022, the completely separate laneway home offers two bedrooms, two bathrooms and comfortable modern living. A gas fireplace creates a welcoming atmosphere, central air provides summer comfort, and a private balcony overlooks the backyard. Thoughtful features include wider corridors to accommodate walkers and a stair lift to the upper level.Constructed with permits and final approvals, the laneway residence adds valuable versatility to this distinctive property. The current tenants would love to stay, offering an appealing option for buyers interested in continuing the rental arrangement.Whether you're drawn to the main home's architectural character, the newer residence's modern comforts or the possibilities of having two homes on one lot, 242 Main St E is a property that deserves a closer look. Book your showing and experience its charm, space and potential firsthand.
5 bedrooms, 2 bathrooms, about 2,500 sq ft, works out to roughly $344 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 242 Main St E
Every detail from the listing, in one place.
Type
Detached
Style
2 1/2 Storey
Living space
2500-3000 sq ftas stated on the listing
Lot size
58.50 x 148.50 Feet
Parking
13 spacesYes garage
Basement
Development Potential, Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
13
Interior
Basement
Development Potential · Full
Lot & land
Lot dimensions
58.50 x 148.50 Feet
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Detached
242 Main St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14147448$859,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 242 Main St E Compares to the Shelburne Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,220
/mo
based on the purchase price of $859,000
$171,800 cash
$687,200 financed
$578,803 total interest
Principal54%$687,200
Interest46%$578,803
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Shelburne
Other 4–6 bed homes for sale in Shelburne around $859K.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio97.4%On average, homes sold below asking.
Active listings86Homes for sale here right now.
Median vs prior 90 days−5.7%Compared with May 8 – Aug 6, 2026: prices down.
Based on 51 sales from Aug 6 – Nov 4, 2026 (36 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 242 Main St E
How much is 242 Main St E listed for?
242 Main St E is listed at $859,000 (MLS® X14147448). Summitly updates the price as soon as the MLS® record changes.
Is $859,000 a good price for 242 Main St E?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Shelburne. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 242 Main St E changed?
No — 242 Main St E is still listed at its original asking price of $859,000.
How many bedrooms and bathrooms does 242 Main St E have?
242 Main St E has 5 bedrooms and 2 bathrooms, with about 2,500–3,000 square feet of living space. It is a detached home in Shelburne.
How much would the monthly mortgage be on 242 Main St E?
About $4,220 a month — principal and interest on $859,000 with 20% down ($171,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Are there open houses at 242 Main St E?
Yes — Saturday, November 7, 12:00 PM – 2:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 242 Main St E compare with other homes in Shelburne?
Its asking price of $859,000 is about 43% above the median sold price in Shelburne over the last 90 days, $600,000, across 51 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 242 Main St E been sold before?
Summitly has no earlier MLS® sale or lease of 242 Main St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 242 Main St E?
242 Main St E is in Shelburne, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 242 Main St E been on the market?
242 Main St E was listed today (November 4, 2026).
What is the price per square foot of 242 Main St E?
About $286 to $344 per square foot: the asking price of $859,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 242 Main St E have parking or a garage?
Yes — the listing gives 13 parking spaces. Garage: Yes.
