70 Mcgowan Street, Centre Wellington, ON

$1,059,000
MLS#:X12760494
3 beds
3 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,059,000 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 1500-2000 sqft on a premium 48.81 x 111.9 ft lot
  • Features a finished, 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: Air Exchanger, Auto Garage Door Remote, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This beautifully maintained 1,629 sq. ft. bungalow, built by Wright Haven Homes, is nestled in a picturesque and peaceful neighbourhood, waiting for its next proud owner. With excellent curb appeal and a double-car garage, this home offers both style and functionality. Step inside and be immediately impressed by the bright, open-concept layout and tasteful, neutral finishes throughout. The main floor features a spacious kitchen with stainless steel appliances, flowing seamlessly into the living room and dining area, ideal for entertaining or everyday living. You'll find two generously sized bedrooms, a 4-piece main bathroom, and the convenience of main floor laundry. The primary bedroom is a true retreat, complete with a walk-in closet and a luxurious 5-piece ensuite bathroom. Step outside to your private backyard oasis, featuring a large composite deck and interlock patios, perfect for relaxing with a morning coffee or hosting guests on warm summer evenings. The fully finished basement adds even more living space with large windows that bring in plenty of natural light. Enjoy a spacious rec room with a cozy gas fireplace, a third bedroom, and a versatile bonus area ideal for a home office, gym. Don't miss your opportunity to own this exceptional home in one of Elora's most desirable neighbourhoods. Book your private showing today!

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Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 6, 2026
Sold price information is available to members only
Listed Date2/5/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Stucco (Plaster)
BasementFinished, Full
Lot Size48.81 × 111.9 Feet
CountyWellington
Annual Tax$5,914.91
Legal DescriptionLOT 21, PLAN 61M163 TOWNSHIP OF CENTRE WELLINGTON

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Air Exchanger, Auto Garage Door Remote, Central Vacuum, Primary Bedroom - Main Floor, Sump Pump, Water Softener, Workbench

Security Features

Alarm System

Community Features

Location

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70 Mcgowan Street, Centre Wellington, ON
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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 70 Mcgowan Street, Centre Wellington, ON N0B 1S0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Centre Wellington.

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Interest Rate5.25%
Down Payment$211,800 (20.0%)
* Minimum Canadian down payment required for this price is $211,800.
Amortization Period25 Years
Estimated Monthly Payment$5,049Based on a loan of $847,200 over 25 years.
Purchase Price$1,059,000
Loan Amount$847,200
Provincial Land Transfer Tax:$17,655
Total Estimated Closing Taxes:$17,655

About Purchasing a Home in Centre Wellington, ON

For a property listed at $1,059,000 in Centre Wellington, the legal minimum down payment is $211,800 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 $17,655 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 $17,655.

Nearby Listings

Distance:

No current listings found in Centre Wellington.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Elora/Salem, Centre Wellington.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,157,075

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.