$1,499,900

For saleJust listed

#418 6523 Wellington Road 7, Centre Wellington (Elora/Salem) - Single Family for Sale

#418 6523 Wellington Road 7, Centre Wellington (Elora/Salem), Ontario, N0B1S0

2 beds2 baths2 parking1,700 ft²$952/mo condo feeListed 7 days ago

Overview

This 2-bedroom, 2-bathroom condo in Centre Wellington is for sale offering roughly 1,700 sq ft of space. It has been on the market 7 days, fresher than the Centre Wellington average of 56 days.

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Description

Welcome to the Elora Mill Residences. This west facing sub-penthouse condo offers a desired 2 bed plus den layout - with the added bonus of parking for 2 cars (tandem) and EV charger! One of the more spacious floor plans in the building (over 1700 square feet) with plenty of room for dining. Upgrades galore here - with lots of built ins (including "hidden" built in storage wall in den). Custom breakfast bar island. Upgraded laundry room - and more. Large L-shaped balcony with both a private covered area and open area. Great views of the Mill buildings and riverscape from your balcony. Of course, this condo complex is known for top tier amenities, including concierge, lobby coffee bar and gorgeous lounge area, outdoor pool, fitness centre and more. This unit also comes with a double size storage locker. Amazing location - a leisurely 5 minute stroll to Downtown Elora. (id:66096)

Property Details

MLS®: X14129030
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,700 ft²
Basement: None
Heating: Heat Pump, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Waterfront: Yes
Condo Fee: $952/mo
Fee Includes: Common Area Maintenance, Cable TV, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $8,677.71/yr

Rooms

Main level

Foyer: 2.62 x 1.7 meters
Living room: 8.56 x 4.57 meters
Kitchen: 5.69 x 3.51 meters
Dining room: 2.85 x 2.9 meters
Bedroom: 3.05 x 2.95 meters
Primary Bedroom: 4.39 x 2.92 meters
Bathroom: 3.18 x 3.56 meters
Bathroom: 2.21 x 2.13 meters
Laundry room: 2.62 x 1.93 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, Carpet Free, 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

$883

List price

$1.50M

Haho

This 2-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 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 $1,499,900, about 12.5× the local median household income of $120,000.

Carrying it typically needs a household income of about $292,983 (20% down, 25-yr amortization, stress-tested) — roughly 144% 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)

$1,499,900· $883/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,990.00

Min 8.33%50%

Mortgage payment$7,623/mo

↳ CMHC premium ($54,996 capitalized)

Property tax (est.)$723/mo

Condo fee$952/mo

Total monthly$9,298

Cash Needed to Close

Down payment (8.33%)$124,990

Land transfer tax$26,473

Est. closing costs$7,000

Total cash needed$158,463

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