48 WATER Street, Centre Wellington, ON
Property no longer active
This property was sold on January 20, 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 stone and brick construction, this residence presents an exceptional opportunity offered at $925,000 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 82.01 x 127.56 ft lot
- Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater, Water Softener
- Efficient forced air heating via gas
Description
It's the old adage of real estate...Location, Location, Location! This charming bungalow exudes that being just steps to the heart of the beautiful village of Elora. A couple minute walk and you will be at the shops, cafes and restaurants that downtown Elora has to offer, including the world-famous Elora Mill and Spa. Even with being so close to the action the home sits on an oversized lot and provides amazing privacy and quiet. The current Sellers have maintained this home impeccably for more than 45 years. Approach the front door of the home and find a perfect front porch to enjoy that morning coffee and watch the world go by. Inside the home you will find a nice open layout kitchen, dining and living areas. The main floor also boasts three nice sized bedrooms as well as a full four-piece bathroom. The lower level provides more great living space with a large rec room with gas fireplace as well as another handy full bathroom. Head out to the rear yard and be wowed. Large tiered decking with plenty of space for seating, outdoor dining as well as entertaining your friends and family. The yard is very spacious and even has a little path down to the mighty Grand River. Bring your fishing pole! This home is a must see in person to get the full extent of how special this property and again…the location, truly are. Book your private viewing today.
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Property Summary
This detached home located at 48 WATER Street, Centre Wellington is currently for sale and has been available on SousaSells for 698 days. This property is listed at $925,000 with an estimated mortgage of $3,079* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 48 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
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Water Heater, Water Softener
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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 48 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 $925,000 in Centre Wellington, the legal minimum down payment is $67,500 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 $14,975 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 $14,975.
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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.