45 Water Street, Centre Wellington, ON
Property no longer active
This property was sold on February 13, 2025. 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 stucco (plaster) construction, this residence presents an exceptional opportunity offered at $795,000 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 82.5 x 132 ft lot
- Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Sump Pump, Water Softener, Water Heater
- Efficient forced air heating via gas
Description
Step back in time with this unique 1.5-storey home, believed to be an original log cabin with a rich history dating back to around 1840. Relocated to its present foundation in 1953, this charming home was carefully preserved and updated over the years. Featuring a distinctive stucco exterior, the house boasts an elongated rectangular facade with a medium gable roof and a rustic side chimney. Inside, you'll find three bedrooms and two bathrooms (one on main floor, one on second floor), offering comfortable accommodations with a nod to heritage charm. The home has seen modern upgrades, including newer windows that blend seamlessly with the original design, and a 2013 furnace to keep things cozy. The wood floors add warmth and character to the space, off the kitchen is a large deck perfect for enjoying the fully fenced yard and serene surroundings. This delightful property is more than just a house; it's a piece of history, thoughtfully updated for modern living without compromising its original character. Location is key! Enjoy walking to downtown Elora where you can shop, dine and enjoy the bustling village. The Grand river and many parks and trails are nearby. Don't miss your chance to own this one-of-a-kind residence!
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Property Summary
This detached home located at 45 Water Street, Centre Wellington is currently for sale and has been available on SousaSells for 556 days. This property is listed at $795,000 with an estimated mortgage of $2,646* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 45 Water 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
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Features
Property Features
Interior Features
Sump Pump, Water Softener, Water Heater, Carpet Free
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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 45 Water 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 $795,000 in Centre Wellington, the legal minimum down payment is $54,500 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 $12,375 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 $12,375.
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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.