294 Colborne Street, Centre Wellington, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,900 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 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 59.71 x 118.11 ft lot
- Features a full, finished 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: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 294 Colborne Street, a spacious custom-built 2+2 bedroom bungalow offering approximately 3,000 sq. ft. across two beautifully finished levels in one of Elora's most desirable neighbourhoods. Thoughtfully designed for comfortable main-floor living, the home opens to a bright front living room and formal dining room, while the large eat-in kitchen provides plenty of space for everyday meals and entertaining. At the rear of the home, a warm and inviting family room with fireplace overlooks the private backyard and offers the perfect place to relax. The main floor also features two bedrooms, including a generous primary suite with walk-in closet and 4-piece ensuite, a second full bathroom, convenient laundry room and attached double garage. Downstairs, the fully finished basement expands the living space with two large bedrooms, a third full bathroom and an impressive rec room with room for movie nights, games, a home gym and more. Set on a nicely landscaped, private lot close to schools and parks, this home is also just a 15-minute walk from Downtown Elora's shops, restaurants, cafés and scenic Grand River attractions. A rare combination of space, comfort and walkable village living.
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Property Summary
This detached home located at 294 Colborne Street, Centre Wellington is currently for sale and has been available on SousaSells for 2 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 4 beds, 3 bathrooms, and is 1500-2000 square feet. 294 Colborne Street, Centre Wellington is in the Elora/Salem neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Elora/Salem, Centre Wellington.
- •4 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Elora/Salem, Centre Wellington.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 294 Colborne Street, Centre Wellington, ON
Q.What is the asking price for 294 Colborne Street, Centre Wellington, ON ?
The current listing price for 294 Colborne Street, Centre Wellington, ON in Elora/Salem, Centre Wellington is $849,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 294 Colborne Street, Centre Wellington, ON ?
294 Colborne Street, Centre Wellington, ON is a Detached (Bungalow) featuring a Full, Finished basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 294 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 $849,900 in Centre Wellington, the legal minimum down payment is $59,990 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 $13,473 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 $13,473.
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