52 McNab Street, Centre Wellington, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,900 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.
- 5 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 79 x 165 ft lot
- Features a finished with walk-out, 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: In-Law Capability, Guest Accommodations
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Built by premium custom home builder Country Lane in 1987, this is a rare buying opportunity for those wanting to transform this property into a truly spectacular "forever home". First, the home is located in a very desired location on the north side of McNab Street overlooking downtown Elora from an elevated position. Large mature treed lot with terraced rear yard. A short stroll to downtown - yet in a quiet location. Best of both worlds. Without a doubt, the size of this home is going to be a surprise. OVER 5300 SQUARE FEET OF FINISHED LIVING SPACE on 3 levels, featuring a total of 5 bedrooms and 4 baths. The fully finished lower WALK OUT level alone offers over 1500 square feet of finished space - and could be utilized as an inlaw suite or luxury AirBnB suite if desired. Four bedrooms on the upper level, including huge primary suite. The layout of the main level is simply amazing - both in size and design - with separate living and family rooms (both with fireplaces), separate dining room, massive eat in kitchen with walk out to rear decking, den and main floor laundry. Storage space galore. Two car garage. This is a home designed for entertaining - and perfect for larger families. Bring your ideas on this one - with some great updates this home will be a true showstopper! Lots of opportunity to add considerable value here.
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Property Summary
This detached home located at 52 McNab Street, Centre Wellington is currently for sale and has been available on SousaSells for 216 days. This property is listed at $999,900 with an estimated mortgage of $3,328* per month. It has 5 beds, 4 bathrooms, and is 3500-5000 square feet. 52 McNab 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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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 52 McNab 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 $999,900 in Centre Wellington, the legal minimum down payment is $74,990 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 $16,473 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 $16,473.
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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.