31 GEDDES Street, Centre Wellington, ON

$599,900
MLS#:X10877143
3 beds
1 baths
1500-2000 sqft
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 20, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium board & batten and aluminum siding construction, this residence presents an exceptional opportunity offered at $599,900 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 1 Bathroom
  • Generous living space spanning 1500-2000 sqft on a premium 83.57 x 57.34 ft lot
  • Features a unfinished, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Sump Pump
  • Efficient forced air heating via gas

Description

Charming Century Home in the Heart of Downtown Elora with Commercial Zoning! Welcome to the Benjamin Huber House, a historic gem built in approximately 1867 and lovingly maintained by the same owner for 32 years. Nestled in the heart of downtown Elora, this unique property offers endless possibilities with its commercial (C1) zoning. Whether you're looking to make it your dream home, a charming bed and breakfast or a thriving AirBnB. The opportunities are truly limitless. This three bedroom, one bath home features a spacious double car paved driveway, functional kitchen with breakfast bar and spacious dining room perfect for entertaining. The family room is cozy and comfortable with a gas fireplace for casual gatherings. There is a living/den/office area adjacent to the convenient main floor laundry room. A partially fenced yard, with mature perennial gardens and sitting areas, offers privacy while still embracing the vibrant energy of downtown living. Imagine waking up and strolling through the picturesque trails that surround you, or stepping out to enjoy the local boutiques, cafes, and galleries that make Elora so special. Living in downtown Elora means being part of a close-knit community that cherishes its rich history and natural beauty. With the Grand River flowing nearby and stunning views around every corner, it's easy to see why so many fall in love with this charming town. Don't miss this rare opportunity to own a piece of Elora's history and create your own legacy in this beloved community.

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Property Summary

This detached home located at 31 GEDDES Street, Centre Wellington is currently for sale and has been available on SousaSells for 698 days. This property is listed at $599,900 with an estimated mortgage of $1,997* per month. It has 3 beds, 1 bathroom, and is 1500-2000 square feet. 31 GEDDES 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
1
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date8/19/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionBoard & Batten , Aluminum Siding
BasementUnfinished, Partial Basement
Lot Size83.57 × 57.34
CountyWellington
Annual Tax$3,281.85
Legal DescriptionPT LT 10 E/S OF GEDDES ST PL 181 ELORA PT 1 61R5986; CENTRE WELLINGTON

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Fenced Yard

Interior Features

Sump Pump

Security Features

Community Features

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Location

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31 GEDDES 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 31 GEDDES 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.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$179,970 (30.0%)
* Minimum Canadian down payment required for this price is $34,990.
Amortization Period30 Years
Estimated Monthly Payment$1,997Based on a loan of $419,930 over 30 years.
Purchase Price$599,900
Loan Amount$419,930
Provincial Land Transfer Tax:$8,473
Total Estimated Closing Taxes:$8,473

About Purchasing a Home in Centre Wellington, ON

For a property listed at $599,900 in Centre Wellington, the legal minimum down payment is $34,990 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 $8,473 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 $8,473.

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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.