$599,000
Centre Wellington
#408 6492 Gerrie Road, Centre Wellington (Elora/Salem), Ontario, N0B1S0
This 2-bedroom, 2-bathroom condo in Centre Wellington is for sale offering roughly 1,300 sq ft of space. Listed at $599,000, it is attractively priced about 37% below the $949,900 median asking price in Centre Wellington. It has been on the market 27 days, fresher than the Centre Wellington average of 57 days.
Welcome to Suite 408 at 6492 Gerrie Road in beautiful Elora! Built in 2014, this immaculately maintained condominium building is home to this spacious 1,216 sq. ft., 2-bedroom, 2-bathroom suite, lovingly maintained by its original owner. The bright, open-concept living and dining area features beautiful flooring, large windows and plenty of natural light. The kitchen offers stainless steel appliances, including a dishwasher, and overlooks the living space. Step outside onto your private balcony and take in the beautiful views while enjoying your morning coffee or unwinding at the end of the day (electric BBQs allowed). The generous primary bedroom features two large closets leading to a private ensuite, along with the convenience of in-suite laundry. The second bedroom offers flexibility for guests, a home office or hobby space, and features its own spacious closet. Storage is certainly not in short supply here, with generous closet space throughout the suite and a large, conveniently located main-floor storage locker. With two full bathrooms, one featuring a walk-in shower and the other a bathtub, this suite offers comfort and practicality for everyday living. Additional highlights include geothermal heating and cooling and a new hot water tank (2025, owned). The building is beautifully maintained and offers an impressive selection of amenities, including a fitness room, guest suite for overnight visitors, recently updated party room, bicycle storage and an outdoor gazebo. Just steps from the Elora Cataract Trailway and close to charming shops, cafés, restaurants, schools and the museum, there's so much to enjoy right outside your door. Gerrie Farm Market is just across the street, where you can pick up fresh produce and delicious baked goods. Enjoy the charm of Elora, the convenience of nearby amenities and the ease of condo living in this beautiful, move-in-ready home. All that's left to do is unpack and enjoy! One parking space is included. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 27 days on market, against an average age of 57 days across the listings currently for sale in this city
This 2-bed single family in Centre Wellington (Elora/Salem) has been listed for 27 days, which is 30 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,000, about 5.0× the local median household income of $120,000.
Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — within reach of 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




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.