Welcome to this remarkable investment located in the coveted neighborhood of Rural Centre Wellington West. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $5,300,000 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.
6681 Irvine Street, Elora (the "Property" or the "Site") represents a desirable potential adaptive reuse opportunity on 55.29acres of land. The property is currently improved with a 29,521 sq. ft. total treatment facility featuring a main complex building and male dormitory (9,108 sq. ft.), a female dormitory (a 2,653 sq. ft. converted century home), a gym and classroom complex (11,782 sq. ft), a woodshop (4,026 sq. ft.), an office and laundry building (1,952 sq. ft.) The property straddles the Elora-Salem urban boundary, with the majority of the Site zoned Institutional (IN.12-2) and Agricultural (A), and the remaining area is Environmental Protection (EP). The portion of the Site identified as Institutional has site specific provisions permitting a Private Health Clinic for human health care purposes. The highly function existing buildings offer potential for unique adaptive reuse of the facilities.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 6681 Irvine 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.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Centre Wellington.
About Purchasing a Home in Centre Wellington, ON
For a property listed at $5,300,000 in Centre Wellington, the legal minimum down payment is $1,060,000 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 $118,975 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 $118,975.
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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.