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503 Wellington Road 7
homes for sale · Elora · Elora/Salem
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$985,000

503 Wellington Road 7

Elora/Salem, Elora · MLS® 40872903

4310

2,281 sq ft · 0 sq ft lot · House · Single Family · built 1985 · 3 days on market

listed by STEVE BAILEY, THE AGENCY

realtor's description

Set well back behind mature trees at the edge of Elora, this raised bungalow has been comprehensively renovated inside and out. The main level opens beneath a vaulted ceiling, where the living and dining areas flow into a custom kitchen anchored by a ten-foot quartz island with pot filler, quartz backsplash and a full Samsung appliance suite, while sliding doors lead out to the deck and the yard beyond. Two bedrooms sit on this level, the primary comfortably proportioned with its own walk-in closet. The lower level walks out to the garden and lives as a true second living space rather than a basement, with a soundproofed media room and fireplace at its heart, two further bedrooms, a private office and a full laundry room. Much of the more than $300,000 invested here is deliberately unseen. Electrical renewed throughout, plumbing entirely replaced, spray foam insulation to ceilings and basement, a water softener and whole-home filtration with dedicated drinking water at the kitchen, and every room hardwired for internet. Outside, the yard is set up for real use, with a gas-heated pool, a deck made for long summer evenings, a fresh gravel drive and walkway, 30-amp service for a trailer or boat, and provisions for a hot tub and EV charging. All of it minutes from downtown Elora, where the shops, restaurants and the Mill sit above the Grand River, with the Gorge trails just beyond and Fergus, Guelph and Waterloo Region an easy drive.

property details

type
House, Single Family
bedrooms
4
bathrooms
3
living area
2,281 sq ft
lot
0 sq ft
parking
10
year built
1985
property tax
$4,872 / yr
days on market
3
MLS®
40872903

features

  • Conservation/green belt
  • Country residential
  • School Bus
  • Community Centre
  • Washer
  • Refrigerator

monthly cost

$4,698/mo
Mortgage $4,292 · Tax $406

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

estimated payment
$4,292/ monthly
loan $788,000
25-year amortization
total interest
$499,465
cash to close
$197,000
down payment; transfer tax and fees not included
total paid
$1,287,465

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

location

Elora/Salem, EloraGoogle Maps ↗

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listed by
STEVE BAILEY
THE AGENCY
call STEVE · 519-623-6090
Powered by: REALTOR.ca
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location

Elora/Salem, EloraGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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