21 COLBORNE Street, Centre Wellington, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium concrete and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $875,000 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 2 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 76 x 83 ft lot
- Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater
- equipped with other central cooling and highly efficient radiant heating
Description
Discover the timeless charm of this historic Century home located just steps from downtown Elora. Boasting 4 bedrooms, 2 bathrooms, and a single-car attached garage, this property seamlessly marries classic elegance with modern comfort. The meticulously landscaped backyard serves as an outdoor oasis, perfect for entertaining and relaxation. Currently operating as the "Colborne Cottage," this highly sought-after property presents boundless potential, whether as a family residence, an investment opportunity, or a vacation rental. Located amidst the quaint shops, restaurants, and cafes of downtown Elora, this home offers a unique chance to own a piece of history. Don't miss out on this remarkable opportunity – schedule a viewing today and envision the limitless possibilities that await at the Colborne Cottage!
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 21 COLBORNE Street, Centre Wellington, ON N0B 1S0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Centre Wellington, ON
For a property listed at $875,000 in Centre Wellington, the legal minimum down payment is $62,500 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 $13,975 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 $13,975.
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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.