348 Colborne Street, Centre Wellington, ON
Property no longer active
This property was sold on November 7, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick and stone 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 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 116 x 171.25 ft lot
- Features a separate entrance, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Auto Garage Door Remote, In-Law Capability, On Demand Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this stunning Keating-built brick bungalow where country charm meets small-town convenience. Set on a generous 0.45-acre lot in the heart of Elora, this home is just a short walk to downtown shops, restaurants, the Cataract Trail, and the iconic Elora Quarry. Featuring 3 bedrooms and 2 bathrooms, this carpet-free home has been beautifully updated with a newer kitchen, custom backsplash, modern lighting, and gorgeous custom hardwood flooring throughout the main living, dining, and kitchen areas. The home is heated by efficient forced-air, and municipal water/sewer hookups are available if desired. The walk-up basement with separate entrance offers incredible versatility whether you're looking for an in-law suite, multi-generational living, or rental potential. A partially finished basement adds additional living space and opportunity to make it your own. Enjoy summer days in your above-ground pool with heat pump heater, relax on the private lot surrounded by mature trees, or explore the many possibilities this property offers. With a large yard, there's room for an addition, workshop, garage, and even potential for an additional driveway off Graham Street (buyer to inquire with the municipality), .This is more than just a home it's a lifestyle in one of Ontario's most sought-after communities. Don't miss your chance to own a custom-built beauty with endless potential in Elora, this one won't last long, book your showing today!
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Property Summary
This detached home located at 348 Colborne Street, Centre Wellington is currently for sale and has been available on SousaSells for 329 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 348 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Library, Place Of Worship, School, Wooded/Treed
Interior Features
Auto Garage Door Remote, In-Law Capability, On Demand Water Heater, Primary Bedroom - Main Floor
Security Features
Community Features
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Location
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 348 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 $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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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.