47 WATER Street, Centre Wellington, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $770,000 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.
- 2 Bedrooms and 3 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 82.5 x 132 ft lot
- Features a finished, full 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: Upgraded Insulation, Water Softener, Central Vacuum
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
PROPERTY SOLD PENDING RECEIPT OF DEPOSIT. Welcome to this raised bungalow, just steps from downtown Elora’s vibrant shops and restaurants. Built in the 1970s, the home features 2 bedrooms on the main floor, including a primary suite with a 3-piece ensuite, and a second full bath with a jet tub. The open-concept living space offers hardwood floors and access to an enclosed 3-season sunroom, leading to a private, fenced backyard with a shed. The lower level includes a rec room with woodstove, a 2-piece bath, a large mudroom with access to the attached 1-car garage. Located a stone’s throw from Bissell Park and the world-famous Grand River, this home offers functional living in an unbeatable location.
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Property Summary
This detached home located at 47 WATER Street, Centre Wellington is currently for sale and has been available on SousaSells for 644 days. This property is listed at $770,000 with an estimated mortgage of $2,563* per month. It has 2 beds, 3 bathrooms, and is 1100-1500 square feet. 47 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
Heating & Cooling
Features
Property Features
Golf, Hospital, Fenced Yard
Interior Features
Upgraded Insulation, Water Softener, Central Vacuum
Security Features
Community Features
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 47 WATER Street E, 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 $770,000 in Centre Wellington, the legal minimum down payment is $52,000 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 $11,875 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 $11,875.
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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.