89 Mcnab Street, Centre Wellington, ON

$629,900
MLS#:X11882983
2 beds
1 baths
700-1100 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 aluminum siding construction, this residence presents an exceptional opportunity offered at $629,900 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 66 x 165 ft lot
  • Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Softener
  • Efficient forced air heating via gas

Description

Charming and full of potential, this delightful 2-bedroom bungalow in Elora is ready for your personal touch! Nestled on an impressive 66' x 165' lot, the property offers a private, fully fenced backyard perfect for relaxing or entertaining. The prime location means you're just a short stroll away from the vibrant heart of downtown Elora, with its shops, dining, and culture. A detached garage adds convenience. Recent updates, including a new roof and furnace, ensure peace of mind as you make this cozy gem your own. Don't miss out on this incredible opportunity!

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Property Summary

This detached home located at 89 Mcnab Street, Centre Wellington is currently for sale and has been available on SousaSells for 588 days. This property is listed at $629,900 with an estimated mortgage of $2,097* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 89 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

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 20, 2025
Sold price information is available to members only
Listed Date12/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding
BasementPartial Basement, Unfinished
Lot Size66 × 165 Feet
CountyWellington
Annual Tax$3,208.93
Legal DescriptionLT 14 SE/S MCNAB ST PL 181 ELORA; CENTRE WELLINGTON

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Rec./Commun.Centre, School, Place Of Worship, Hospital, Golf, River/Stream

Interior Features

Water Softener

Security Features

Community Features

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Location

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89 Mcnab 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 89 Mcnab Street E, 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 Rate4.00%
Down Payment$188,970 (30.0%)
* Minimum Canadian down payment required for this price is $37,990.
Amortization Period30 Years
Estimated Monthly Payment$2,097Based on a loan of $440,930 over 30 years.
Purchase Price$629,900
Loan Amount$440,930
Provincial Land Transfer Tax:$9,073
Total Estimated Closing Taxes:$9,073

About Purchasing a Home in Centre Wellington, ON

For a property listed at $629,900 in Centre Wellington, the legal minimum down payment is $37,990 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 $9,073 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 $9,073.

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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$1,141,100

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.