280 Colborne Street, Centre Wellington, ON
Property no longer active
This property was sold on May 9, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick veneer and vinyl siding 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 1100-1500 sqft on a premium 57.09 x 134 ft lot
- Features a full, partially finished 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: Auto Garage Door Remote, Central Vacuum, Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this beautifully updated 4-bedroom home, located just minutes from Downtown Elora! As you drive up, you'll immediately notice the newly landscaped walkway, completed in 2023, including a charming path to the backyard. Step inside and be greeted by a warm and inviting atmosphere, leading you to the newly renovated kitchen (2021) featuring 4 stainless steel appliances and excellent sight lines. From the dining area, step out onto your two-tiered deck perfect for entertaining - complete with a gas BBQ! Back inside, you'll find 3 great-sized bedrooms on the main level, along with an updated bathroom featuring a large vanity with 2 sinks! The lower level offers a 4th bedroom, ideal for growing kids, guests, or a home office! The spacious recreation room is currently set up as a gym but can easily be transformed into a cozy living space.This home is truly move-in ready, with over $75,000 in updates, including waterproof, scratch-proof luxury vinyl flooring, new paint and baseboards throughout (2021), a new furnace/AC (2022), garage door, eavestroughs, exterior paint, landscaping, and driveway all completed in2023. Close to schools, trails and walking distance to Downtown - it's the perfect spot to call home!
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Property Summary
This detached home located at 280 Colborne Street, Centre Wellington is currently for sale and has been available on SousaSells for 456 days. This property is listed at $875,000 with an estimated mortgage of $2,913* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 280 Colborne 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
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Property Details
Parking & Garage
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Features
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Interior Features
Auto Garage Door Remote, Central Vacuum, Water Heater Owned, Water Softener
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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 280 Colborne 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 $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.