300 Colborne Street, Centre Wellington, ON

$799,900
MLS#:X12014048
3 beds
2 baths
1100-1500 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on March 18, 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 vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $799,900 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 57.41 x 118.11 ft lot
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Air Exchanger, Central Vacuum, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover your dream home in the picturesque village of Elora! This well-maintained 3-bedroom raised bungalow features an open-concept living room, dining area, and kitchen perfect for entertaining friends and family. The custom staircase from the expansive foyer adds a touch of elegance and connects you to a bright and spacious living area adorned with beautiful oak flooring that flows throughout the living room, dining room, and all three bedrooms. Enjoy the convenience of being within walking distance to charming downtown shops, a cozy library, delightful restaurants, and scenic nature trails leading to the breathtaking Elora Gorge, Grand River, and Irvine River. Don't miss this opportunity to own a slice of paradise in Elora, where comfort meets convenience. Schedule your viewing today!

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Property Summary

This detached home located at 300 Colborne Street, Centre Wellington is currently for sale and has been available on SousaSells for 493 days. This property is listed at $799,900 with an estimated mortgage of $2,663* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 300 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

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 18, 2025
Sold price information is available to members only
Listed Date3/12/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionVinyl Siding, Brick
BasementPartially Finished
Lot Size57.41 × 118.11 Feet
CountyWellington
Annual Tax$4,181.33
Legal DescriptionLT3 PL830 Village of Elora

Parking & Garage

Parking Total3.0
Parking Space2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

School, Place Of Worship, Arts Centre, Library, Rec./Commun.Centre, School Bus Route

Interior Features

Air Exchanger, Central Vacuum, Sump Pump, Water Meter, Water Softener

Security Features

Smoke Detector, Carbon Monoxide Detectors

Community Features

Virtual Tours

Location

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300 Colborne Street, Centre Wellington, ON
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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 300 Colborne Street, Centre Wellington, ON N0B 1S0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Centre Wellington.

Configure Loan Settings

Interest Rate4.00%
Down Payment$239,970 (30.0%)
* Minimum Canadian down payment required for this price is $54,990.
Amortization Period30 Years
Estimated Monthly Payment$2,663Based on a loan of $559,930 over 30 years.
Purchase Price$799,900
Loan Amount$559,930
Provincial Land Transfer Tax:$12,473
Total Estimated Closing Taxes:$12,473

About Purchasing a Home in Centre Wellington, ON

For a property listed at $799,900 in Centre Wellington, the legal minimum down payment is $54,990 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 $12,473 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 $12,473.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Elora/Salem, Centre Wellington.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,141,100

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.