278 Colborne Street, Centre Wellington, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $949,000 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 1500-2000 sqft on a premium 57.47 x 134.7 ft lot
- Features a full, partially finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Floor Drain
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This raised bungalow is going to definitely surprise when you step inside. Nicely updated - and a very spacious layout offering over 2,100 square feet of finished living area. A newer inground salt water POOL with professional hardscaping and gazebo is a special bonus here! The home itself features 4 bedrooms and 2 full baths. Lots of natural light streams throughout the home thanks to all the oversized windows and a large skylight in the kitchen. Beautiful hardwood floors on the main level. And the vaulted ceilings make the home feel even larger. Living and family rooms on the main level and a rec room on the lower level. Lots of space to spread out. Gas fireplace in family room. Walk out to rear deck overlooking the pool and backyard. A great family home - and perfect for entertaining. Double wide interlock brick driveway. A very well maintained home that is move in ready.
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Pricing & Value Insights
Data-driven valuation for 278 Colborne Street, Centre Wellington, ON N0B 1S0
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About Purchasing a Home in Centre Wellington, ON
For a property listed at $949,000 in Centre Wellington, the legal minimum down payment is $69,900 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 $15,455 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 $15,455.
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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.