$1,100,000

For sale

21 Colborne Street, Centre Wellington (Elora/Salem) - Single Family for Sale

21 Colborne Street, Centre Wellington (Elora/Salem), Ontario, N0B1S0

4 beds2 baths4 parking2,250 ft²76 × 83 ft (6,355 sq ft) lot sizeListed 12 days ago

Overview

This 4-bedroom, 2-bathroom home in Centre Wellington is for sale offering roughly 2,250 sq ft of space. It has been on the market 12 days, fresher than the Centre Wellington average of 57 days.

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Description

Welcome to Colborne Cottage. Charming and rich in small town character, this well maintained two storey heritage home is an opportunity to own a piece of Elora's history. Known as Colborne Cottage, this circa-1880 residence features four bedrooms, two baths and a desirable corner lot, all wrapped in the warmth and character of a bygone era. Retaining many of its original features and period charm, this home offers endless appeal for those considering a quintessential small town residence or an enchanting, Hallmark movie inspired bed and breakfast. Located just steps from the charming shops, boutiques and cafés that have made downtown Elora a beloved destination for decades. A truly special opportunity to own a piece of Elora's heritage and make its next chapter your own. (id:66096)

Property Details

MLS®: X14110318
Property Type: Single Family
Zoning: R1A
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 76 × 83 ft (6,355 sq ft)
Frontage: 76 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Radiant heat, Natural gas
Cooling: Wall unit
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater
Foundation: Stone
Exterior: Stone, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Centre Wellington (Elora/Salem) listings, avg age

57d

Price / ft²

$489

List price

$1.10M

Haho

This 4-bed single family in Centre Wellington (Elora/Salem) has been listed for 12 days, which is 45 days fresher than the city average of 57. Act while there is still low competition.

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Listed by Your Hometown Realty Ltd · MATTHEW BENNETT-MONTY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $1,100,000, about 9.2× the local median household income of $120,000.

Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 79% above the area median.

Median household income: $120,000
Population: 86,919
Median age: 42.8
Owner / renter: 88% / 12%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N0B)

$1,100,000· $489/ft²

For sale

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Full Cost Breakdown

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Down Payment7.73% · $85,000

Min 7.73%50%

Mortgage payment$5,627/mo

↳ CMHC premium ($40,600 capitalized)

Property tax (est.)$379/mo

Total monthly$6,006

Cash Needed to Close

Down payment (7.73%)$85,000

Land transfer tax$18,475

Est. closing costs$5,800

Total cash needed$109,275

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