155 Princess Street, Centre Wellington, ON

$874,900
MLS#:X11880702
4 beds
3 baths
1100-1500 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 31, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium vinyl siding and wood construction, this residence presents an exceptional opportunity offered at $874,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 66 x 116 ft lot
  • Features a apartment, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater Owned, Water Softener, Accessory Apartment
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 155 Princess Street, a beautifully updated home located in the heart of downtown Elora, one of Ontarios most charming and picturesque towns. Situated on a spacious 66 x 116 lot, this property offers the perfect blend of modern updates and timeless appeal. Renovated from 2020 to the present, the home boasts updated finishes throughout, a long lasting metal roof, and a fully finished basement featuring a private accessory apartment ideal for extended family or guests.The outdoor spaces are just as impressive, with a fully fenced yard, a new shed, new deck, and a striking front porch complete with sleek black-framed glass railings. Parking is a breeze with two driveways and a gated entry that provides convenient space for trailer parking. The heated and insulated garage, outfitted with durable PVC-finished walls and 220V power, makes it a dream for hobbyists or anyone in need of a versatile workspace.Located just steps from Eloras vibrant downtown, this home is within walking distance of boutique shops, unique restaurants, and the breathtaking Elora Gorge. Known as "Ontarios Most Beautiful Village," Whether you're looking for a family home, a multi-generational living space, or a retreat in a sought-after location, this property checks all the boxes. Dont miss the opportunity to call 155 Princess Street your new home!

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Property Summary

This detached home located at 155 Princess Street, Centre Wellington is currently for sale and has been available on SousaSells for 590 days. This property is listed at $874,900 with an estimated mortgage of $2,912* per month. It has 4 beds, 3 bathrooms, and is 1100-1500 square feet. 155 Princess Street, Centre Wellington is in the Elora/Salem neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 31, 2024
Sold price information is available to members only
Listed Date12/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionVinyl Siding, Wood
BasementApartment, Walk-Up
Lot Size66 × 116 Feet
CountyWellington
Annual Tax$3,966
Legal DescriptionLT 108 PL 181 NEW SURVEY ELORA; CENTRE WELLINGTON

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater Owned, Water Softener, Accessory Apartment

Security Features

Community Features

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Location

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155 Princess Street, Centre Wellington, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 155 Princess Street, Centre Wellington, ON N0B 1S0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Centre Wellington.

Configure Loan Settings

Interest Rate4.00%
Down Payment$262,470 (30.0%)
* Minimum Canadian down payment required for this price is $62,490.
Amortization Period30 Years
Estimated Monthly Payment$2,912Based on a loan of $612,430 over 30 years.
Purchase Price$874,900
Loan Amount$612,430
Provincial Land Transfer Tax:$13,973
Total Estimated Closing Taxes:$13,973

About Purchasing a Home in Centre Wellington, ON

For a property listed at $874,900 in Centre Wellington, the legal minimum down payment is $62,490 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,973 for this transaction. As this listing is in Centre Wellington (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,973.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Elora/Salem, Centre Wellington.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,141,100

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.