49 Nichol Street, Centre Wellington, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick and vinyl 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.
- 4 Bedrooms and 2 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 66 x 132 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: In-Law Capability, Primary Bedroom - Main Floor, Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
LOCATION, LOCATION!!! Elora Brick Bungalow on Highly Sought after Nichol St steps from down town Elora with large 66 x 132 Fenced Yard. Enjoy the fully finished basement with separate side entrance (in law suite / basement apt potential). This home offers over 1700 sq ft of finished living space with 2 beds up + 2 beds down, 4pc bathroom upstairs and 3pc bathroom downstairs with large living room and recreation room. Roof (2017). Vaulted ceiling in main floor living room provides more space. Bright large windows throughout. So much potential in this well laid out Elora Bungalow on desirable street with grand yard! Visit the open house this Saturday June 15th 2-4pm. Offers to be presented Monday June 17th at 7pm. Pre-emptive offers will not be considered.
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Key Features
Additional Details
Property Details
Parking & Garage
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Features
Property Features
Interior Features
In-Law Capability, Primary Bedroom - Main Floor, Storage, Sump Pump, Water Heater, Water Softener
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Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 49 Nichol Street, Centre Wellington, ON N0B 1S0
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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 $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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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.