290 SOUTH Street, Centre Wellington, ON
Property no longer active
This property was sold on September 23, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium board & batten construction, this residence presents an exceptional opportunity offered at $1,150,000 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.
- 5 Bedrooms and 2 Bathrooms
- Generous living space spanning 3000-3500 sqft on a spacious lot (Acres)
- Features a unfinished, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater Owned, Water Softener
- Efficient forced air heating via gas
Description
Welcome to South St. in Elora. An incredible neighborhood just west of the Irvine Gorge. This area is known for its large lots, close proximity to the community centre and just enough removed from the hustle and bustle of the downtown core. This 3100+sqft home was reimagined in 1995 with large principle rooms (with entertaining in mind), 5 bedrooms including master suite, 2 full baths and powder room. The large kitchen opens to the wrap around deck that connects the main house to the carriage house (2 car plus loft) and looks out at the vast, mature yard. Measuring .68ac, this is one of the larger properties left in the area. Be a visionary in the next generation of this unique property.
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Property Summary
This detached home located at 290 SOUTH Street, Centre Wellington is currently for sale and has been available on SousaSells for 681 days. This property is listed at $1,150,000 with an estimated mortgage of $3,828* per month. It has 5 beds, 2 bathrooms, and is 3000-3500 square feet. 290 SOUTH 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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Water Heater Owned, Water Softener
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 290 SOUTH 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 $1,150,000 in Centre Wellington, the legal minimum down payment is $230,000 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 $19,475 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 $19,475.
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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.