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Pemberton Holmes Ltd.

mihom.ca is operated by Dan Robbins, REALTOR®, Pemberton Holmes Ltd.

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120 Wellington 7 Road
homes for sale · Centre Wellington · Elora/Salem
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$899,900

120 Wellington 7 Road

Elora/Salem, Centre Wellington · MLS® X13778402

217

House · Single Family · 40 days on market

listed by KRIS BUTLER, M1 Real Estate Brokerage Ltd

realtor's description

Acreage today. Potential for tomorrow. Set on approximately 2.4 acres in Elora, 120 Wellington Road 7 combines an existing two-bedroom bungalow, a heated detached workspace and an unusually deep property with the opportunity to explore one additional rear flag lot. Preliminary planning correspondence identified a possible two-lot arrangement, with a retained front parcel and a new lot behind, subject to current planning, servicing and access approvals. The accompanying aerial concept illustrates the idea; it is not an approved severance or survey. Centre Wellington's master plan identifies future municipal water and wastewater infrastructure along Wellington Road 7. The development concept illustrates one possible residential vision for the property's longer-term potential, subject to feasibility and approvals. Enjoy the property as it stands while considering its next chapter. The home offers a generous living room, separate dining area, kitchen, main-floor laundry, a small den and one four-piece bathroom. A heated detached workspace adds flexibility for personal projects or working from home. An established orchard of apple and pear trees and mature plantings bring character to the grounds. Natural gas and electricity serve the property; the furnace, water heater and water softener are owned. For buyers seeking room to spread out today and a meaningful opportunity to investigate future severance, this property brings the home, land and possibilities together just minutes from the heart of Elora.

property details

type
House, Single Family
bedrooms
2
bathrooms
1
parking
7
property tax
$4,870 / yr
days on market
40
MLS®
X13778402

features

  • Irregular lot size
  • Washer
  • Refrigerator
  • Dishwasher
  • Stove
  • Dryer

monthly cost

$4,327/mo
Mortgage $3,921 · Tax $406

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$3,921/ monthly
loan $719,920
25-year amortization
total interest
$456,313
cash to close
$179,980
down payment; transfer tax and fees not included
total paid
$1,176,233

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Elora/Salem, Centre WellingtonGoogle Maps ↗

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listed by
KRIS BUTLER
M1 Real Estate Brokerage Ltd
call KRIS · 226-383-9484
Powered by: REALTOR.ca
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location

Elora/Salem, Centre WellingtonGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

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