$949,900

For saleJust listed

#226 6523 Wellington Road 7, Centre Wellington (Elora/Salem) - Single Family for Sale

#226 6523 Wellington Road 7, Centre Wellington (Elora/Salem), Ontario, N0B1S0

2 beds2 baths2 parking1,300 ft²$815/mo condo feeListed 6 days ago

Overview

This 2-bedroom, 2-bathroom condo in Centre Wellington is for sale offering roughly 1,300 sq ft of space. Its $949,900 asking price sits right in line with the $949,900 median in Centre Wellington. It has been on the market 6 days, fresher than the Centre Wellington average of 56 days.

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Description

Welcome to Condo 226 at Elora Mill Residences. This CORNER unit features a great floor plan and lots of natural light - with two nice sized bedrooms, 2 full baths, 2 balconies - AND 2 parking spots (tandem). Lovely views of the pool area and downtown landscape. Upgrades throughout including Miele appliances and laundry room with sink and cabinetry. Primary bedroom with large ensuite, walk in closet, and it's own west facing balcony. Second bedroom has a semi-ensuite. Heated floors in bathrooms. Upgraded large storage locker included. Unrivalled amenities including Concierge, Lobby Coffee Bar, Amazing Lounge area, Pool, Fitness Centre, Pet Wash Room and more. And of course, you are a short 5 minute walk to the restaurants, cafes and shops of Downtown Elora. (id:66096)

Property Details

MLS®: X14132324
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Heat Pump, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Waterfront: Yes
Condo Fee: $815/mo
Fee Includes: Common Area Maintenance, Cable TV, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $7,045/yr
Listed: 6 days ago

Rooms

Main level

Foyer: 1.78 x 3.1 meters
Kitchen: 4.72 x 2.06 meters
Dining room: 4.72 x 2.18 meters
Living room: 4.72 x 4.14 meters
Primary Bedroom: 3.58 x 4.34 meters
Bedroom: 3.56 x 2.62 meters
Laundry room: 1.45 x 2.52 meters
Bathroom: 2.41 x 2.85 meters
Bathroom: 2.62 x 4.09 meters

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

Features

Exterior: Steel, Stone
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Centre Wellington (Elora/Salem) listings, avg age

56d

Price / ft²

$731

List price

$950K

Haho

This 2-bed single family in Centre Wellington (Elora/Salem) has been listed for 6 days, which is 50 days fresher than the city average of 56. Act while there is still low competition.

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Listed by Royal LePage Royal City Realty · GEORGE MOCHRIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $949,900, about 7.9× the local median household income of $120,000.

Carrying it typically needs a household income of about $185,549 (20% down, 25-yr amortization, stress-tested) — roughly 55% 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)

$949,900· $731/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $69,990

Min 7.37%50%

Mortgage payment$4,878/mo

↳ CMHC premium ($35,196 capitalized)

Property tax (est.)$587/mo

Condo fee$815/mo

Total monthly$6,280

Cash Needed to Close

Down payment (7.37%)$69,990

Land transfer tax$15,473

Est. closing costs$5,350

Total cash needed$90,813

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