506 James Street, Centre Wellington, ON
Property no longer active
This property was sold on October 8, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium stone and wood construction, this residence presents an exceptional opportunity offered at $2,350,000 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 3 Bathrooms
- Generous living space spanning 3500-5000 sqft on a premium 288.98 x 295.65 ft lot
- Features a full, finished 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: Auto Garage Door Remote, Carpet Free, Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A Private Riverside Retreat in the Heart of Elora- 506 James Street is an extraordinary custom-built home nestled along the Irvine River in one of Elora's most secluded neighbourhoods. Tucked away on a quiet, tree-lined street, this property offers a rare combination of total privacy and walkability to Elora's vibrant downtown.Crafted by a renowned builder, this home showcases timeless design and a thoughtful layout. Every detail inside and out has been professionally designed and maintained to the highest standardsThe homes layout is both elegant and practical, with well-proportioned principal rooms, two staircases for functional flow, and a thoughtful separation of private and shared spaces.The open-concept kitchen overlooks the dining room offering long, serene views of the beautifully landscaped front yard, saltwater pool, and river beyond.The large living room, anchored by a cozy gas fireplace, is perfect for entertaining or relaxing, with views that seamlessly blend indoor and outdoor living.The mudroom offers built in laundry and a four piece bath.Upstairs, the spacious family room features soaring ceilings, a gas fireplace, and a Juliet balcony overlooking the private side yard. The primary bedroom suite includes two walk-in closets, an ensuite, and peaceful views of the lush front yard. Two additional bedrooms offer privacy and space, sharing a beautifully updated three-piece bathroom. In addition, the lower level offers a finished recreational room. Step outside to a true backyard oasis by Creo Landscaping. The outdoor space features: a professionally built saltwater pool, multiple seating areas across tiered levels, a built-in BBQ and retractable awning for entertaining, a full Sonos sound system, stunning hand-laid dry stone walls and low-maintenance perennial gardens. Whether you're lounging by the pool, hosting dinner with family and friends, or enjoying a quiet morning coffee, every inch of the outdoor space is designed for beauty and tranquility.
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Property Summary
This detached home located at 506 James Street, Centre Wellington is currently for sale and has been available on SousaSells for 288 days. This property is listed at $2,350,000 with an estimated mortgage of $7,822* per month. It has 3 beds, 3 bathrooms, and is 3500-5000 square feet. 506 James 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
Arts Centre, Cul de Sac/Dead End, Greenbelt/Conservation, Library, River/Stream, Waterfront
Interior Features
Auto Garage Door Remote, Carpet Free, Sump Pump, Water Treatment, Water Softener
Security Features
Security System
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 506 James 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 $2,350,000 in Centre Wellington, the legal minimum down payment is $470,000 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 $45,225 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 $45,225.
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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.