$864,900

For sale

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

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

3 beds2 baths2 parking1,750 ft²88 × 120 ft (10,560 sq ft) lot sizeListed 59 days ago

Overview

This 3-bedroom, 2-bathroom home in Centre Wellington is for sale offering roughly 1,750 sq ft of space. Listed at $864,900, it is attractively priced about 9% below the $949,990 median asking price in Centre Wellington.

Houses for Sale in Centre Wellington →All real estate in Centre Wellington →

Description

Welcome to Colborne St! Located in the Village of Elora, this solid Keating built bungalow has been well cared for by the same owners for 35 years. With approximately 2900sqft of living space, this comfortable home offers 3 bedrooms, 2 baths and an entertainer's kitchen/dining/great room. No need for a gym membership, the attached garage (easily converted back) has been repurposed into a bright gym/office combination. On the lower lever you'll find a spacious entertaining area with tons of storage. If outdoor living is a priority, then there is much to appreciate about the double lot. This mature neighborhood is the perfect setting for the large sundeck with soft tub. Perennial gardens line the private lot. Hardscaping offers many points from which to enjoy the Koi pond and waterfall, pergola and fire pit. Outdoor storage is housed by two large storage sheds. These properties are rarely offered in the Village. An easy commute to Guelph, KW and west GTA. (id:66096)

Property Details

MLS®: X13754544
Property Type: Single Family
Zoning: R1A
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 88 × 120 ft (10,560 sq ft)
Frontage: 88 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership

Rooms

Main level

Kitchen: 7.9 x 3.7 meters

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

Features

Appliances: Washer, Refrigerator, Water meter, Water softener, Stove, Dryer
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Wooded area, Conservation/green belt

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

59d

Centre Wellington (Elora/Salem) listings, avg age

56d

Price / ft²

$494

List price

$865K

Haho

This 3-bed single family in Centre Wellington (Elora/Salem) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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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 $864,900, about 7.2× the local median household income of $120,000.

Carrying it typically needs a household income of about $168,945 (20% down, 25-yr amortization, stress-tested) — roughly 41% 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)

$864,900· $494/ft²

For sale

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Full Cost Breakdown

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Down Payment7.11% · $61,490.00

Min 7.11%50%

Mortgage payment$4,454/mo

↳ CMHC premium ($32,136 capitalized)

Property tax (est.)$405/mo

Total monthly$4,859

Cash Needed to Close

Down payment (7.11%)$61,490

Land transfer tax$13,773

Est. closing costs$5,095

Total cash needed$80,358

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