57 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 brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $849,000 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 700-1100 sqft on a premium 66 x 136.62 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Water Heater Owned, Water Softener, Water Treatment
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Nestled in one of Elora's most sought-after neighbourhoods, this beautifully maintained home offers an exceptional blend of comfort, style, and versatility. Thoughtfully updated throughout, it's the perfect place to settle into one of Ontario's most beloved small-town communities.At the heart of the home is a stunning, fully renovated chef's kitchen overlooking a private backyard oasis. Designed for both everyday living and effortless entertaining, the kitchen flows seamlessly to an impressive 500-square-foot covered patio, creating an inviting outdoor living space surrounded by mature greenery. The finished lower level adds incredible flexibility, featuring a welcoming recreation room with a cozy gas fireplace, a spacious guest bedroom, a full three-piece bathroom, and a large studio workshop with its own private entrance. Whether you're an artist, hobbyist, work-from-home professional, or looking for future in-law or income suite potential, this versatile space offers endless possibilities.Extensive recent updates provide true peace of mind, including a new furnace and ductwork, central air conditioning, a renovated kitchen and three updated bathrooms, water treatment system, updated flooring, and fresh paint throughout. Every detail has been thoughtfully completed, making this home truly move-in ready.Enjoy the very best of the Elora lifestyle just a short stroll from your front door. Explore the village's renowned restaurants, cafés, boutiques, galleries, and scenic trails, or spend your weekends at nearby Bissell Park, home to the popular summer farmers' market and peaceful riverside views along the Grand River.This is more than a home-it's an opportunity to embrace the charm, character, and vibrant community that make Elora one of Ontario's most desirable places to call home.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Library, Park, Rec./Commun.Centre, River/Stream, Arts Centre
Interior Features
Water Heater Owned, Water Softener, Water Treatment
Security Features
Carbon Monoxide Detectors, Smoke Detector
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 57 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 $849,000 in Centre Wellington, the legal minimum down payment is $59,900 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 $13,455 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 $13,455.
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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.