7235 Wellington 21 Road, Centre Wellington, ON
Property Highlights
Welcome to this remarkable land 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 $550,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 334 x 332 ft lot size
Description
Commercial Opportunity in Inverhaugh, being Sold for Land Value! Steeped in local history as the former site of Blondie's Lunch Counter, this nearly 1-acre triangular parcel offers a rare project for forward-thinking investors. Boasting over 330 ft of high-visibility frontage on both Wellington Rd 21 and Side Road 4, it is perfectly positioned to serve the adjacent newer estate subdivisions. Flexible Commercial (C-3) zoning allows for a wide array of permitted uses: Artisan Studio, Automobile Service Station, Professional Office, Day Care, Gas Bar with accessory car wash, Retail Store, Restaurant, and more. The existing home likely requires demolition, leaving you a clean slate, while a solid 2-bay service garage with a 2-post lift offers potential salvage value. Property and all structures/inclusions are being sold strictly in "as-is, where-is" condition. Capitalize on the booming corridor between Elora and Guelph. Design and profit in a high-demand Wellington County hub.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 7235 Wellington 21 Road, Centre Wellington, ON N0B 1B0
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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 $550,000 in Centre Wellington, the legal minimum down payment is $30,000 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 $7,475 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 $7,475.
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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.