



Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
$829,900
Centre Wellington
294 Colborne Street, Centre Wellington (Elora/Salem), Ontario, N0B1S0
This 4-bedroom, 3-bathroom home in Centre Wellington is for sale offering roughly 1,750 sq ft of space. Listed at $829,900, it is attractively priced about 14% below the $969,500 median asking price in Centre Wellington. It has been on the market 42 days, fresher than the Centre Wellington average of 56 days.
Welcome to 294 Colborne Street, a spacious custom-built 2+2 bedroom bungalow offering generous living space across two levels in one of Elora's most desirable neighbourhoods. Thoughtfully designed for comfortable main-floor living, the home opens to a bright front living room and formal dining room, while the large eat-in kitchen provides plenty of space for everyday meals and entertaining. At the rear of the home, a warm and inviting family room with fireplace overlooks the private backyard and offers the perfect place to relax. The main floor also features two bedrooms, including a generous primary suite with walk-in closet and 4-piece ensuite, a second full bathroom, convenient laundry room and attached double garage. Downstairs, the finished basement expands the living space with two large bedrooms, a third full bathroom and an impressive rec room with room for movie nights, games, a home gym and more. Set on a nicely landscaped, private lot close to schools and parks, this home is also just a 15-minute walk from Downtown Elora's shops, restaurants, cafés and scenic Grand River attractions. A rare combination of space, comfort and walkable village living. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 42 days on market, against an average age of 56 days across the listings currently for sale in this city
This 4-bed single family in Centre Wellington (Elora/Salem) has been listed for 42 days, which is 14 days fresher than the city average of 56. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $829,900, about 6.9× the local median household income of $120,000.
Carrying it typically needs a household income of about $162,109 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0B)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.