$939,000

For saleJust listed

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

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

5 beds2 baths3 parking1,300 ft²56 × 120 ft (6,757 sq ft) lot sizeListed 7 days ago

Overview

This 5-bedroom, 2-bathroom home in Centre Wellington is for sale offering roughly 1,300 sq ft of space. Its $939,000 asking price sits right in line with the $949,990 median in Centre Wellington. It has been on the market 7 days, fresher than the Centre Wellington average of 56 days.

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Description

Discover the perfect blend of space, style and small-town charm in the beautifully updated Keating home in the heart of Elora! Offering over 2,000 sq ft of finished living space, 5 bedrooms, 2 bathrooms, this move in ready home is ideal for growing families or multigenerational living. This finished lower level features a separate entrance for a potential in-law suite or additional income. Enjoy this beautifully manicured property, perfect for entertaining or unwinding in your own private backyard, all just a short walk to Elora's charming shops, restaurants and scenic trails. Meticulously maintained and ready to move in and enjoy! (id:66096)

Property Details

MLS®: X14128486
Property Type: Single Family
Zoning: R1B
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 56 × 120 ft (6,757 sq ft)
Frontage: 56 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Full, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air exchanger, Ventilation system
Garage: Attached Garage, Garage
Ownership: Freehold

Rooms

Main level

Foyer: 1.74 x 3.35 meters
Bathroom: 3.22 x 2.34 meters
Bedroom: 2.77 x 2.84 meters
Bedroom: 3.83 x 3.05 meters
Dining room: 3.33 x 2.74 meters
Kitchen: 3.22 x 3.5 meters
Living room: 3.81 x 6.19 meters
Primary Bedroom: 3.22 x 4.08 meters

Basement

Bedroom: 3.33 x 5.46 meters
Recreational, Games room: 6.88 x 3.57 meters

Features

Appliances: All, Water meter, Water purifier, Water softener, Freezer, Water Treatment, Garage door opener remote(s), Water Heater
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Centre Wellington (Elora/Salem) listings, avg age

56d

Price / ft²

$722

List price

$939K

Haho

This 5-bed single family in Centre Wellington (Elora/Salem) has been listed for 7 days, which is 49 days fresher than the city average of 56. Act while there is still low competition.

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Listed by Keller Williams Home Group Realty · PAUL MARTIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $939,000, about 7.8× the local median household income of $120,000.

Carrying it typically needs a household income of about $183,420 (20% down, 25-yr amortization, stress-tested) — roughly 53% 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)

$939,000· $722/ft²

For sale

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Full Cost Breakdown

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Down Payment7.34% · $68,900

Min 7.34%50%

Mortgage payment$4,824/mo

↳ CMHC premium ($34,804 capitalized)

Property tax (est.)$364/mo

Total monthly$5,188

Cash Needed to Close

Down payment (7.34%)$68,900

Land transfer tax$15,255

Est. closing costs$5,317

Total cash needed$89,472

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