245 Mary Street, Centre Wellington, ON
Property no longer active
This property was sold on October 6, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick and wood construction, this residence presents an exceptional opportunity offered at $749,900 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 68.73 x 115.7 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient other configuration
- Notable attributes: Accessory Apartment, Auto Garage Door Remote, Floor Drain
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located on an oversized, private lot, close to schools, parks, amenities and historic downtown Elora, this lovely bungalow offers tons of value. Nicely updated throughout, this bungalow boasts hardwood floors, 3 main floor bedrooms, a large living room with huge bay window and dining room walkout to a massive rear wood deck. Outside the over-sized lot with deck ,swimming pool, sauna and fully fenced yard offers a tremendous atmosphere of peace and privacy. A separate side entrance services the lower level which is currently finished as an apartment. Perfect in-law set up or potential to offset mortgage payments with rent. 2nd kitchen, rec-room and den currently used as bedroom with gas fireplace make for a great accessory apartment or can be easily converted back to single family living. Steel roof will last a lifetime and lean-to offers plenty of extra storage space.
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Property Summary
This detached home located at 245 Mary Street, Centre Wellington is currently for sale and has been available on SousaSells for 299 days. This property is listed at $749,900 with an estimated mortgage of $2,496* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 245 Mary 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Fenced Yard, Hospital, Library, Park, Place Of Worship
Interior Features
Accessory Apartment, Auto Garage Door Remote, Floor Drain, In-Law Suite, Primary Bedroom - Main Floor, Sauna, Sump Pump, Water Heater Owned
Security Features
Community Features
Location
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 245 Mary Street, Centre Wellington, ON N0B 1S0
Based on 0 recent similar sales in the pocket.
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 $749,900 in Centre Wellington, the legal minimum down payment is $49,990 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 $11,473 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 $11,473.
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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.