294 Colborne Street, Centre Wellington

$829,900
294 Colborne Street

$829,900

New
28d
DetachedBungalow

294 Colborne Street, Centre Wellington

Total Monthly Obligation $4,201

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
28d
Yield
2.7%
Cash on Cash
-13.0%
Cap Rate
1.8%
5Y IRR
5.5%
10Y IRR
6.8%
Property Type-Detached
MLS® Number-X13828912
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-59.71 × 118.11 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,740.36 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-M1 Real Estate Brokerage Ltd
Cooling-Central Air
Laundry-No
Fireplace-Family Room
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Elora/Salem
Title-Residential Freehold

No agent assigned

Welcome to 294 Colborne Street, a spacious custom-built 2+2 bedroom bungalow offering generous living space across two levels in one of Elora's most desirable neighbourhoods. Thoughtfully designed for comfortable main-floor living, the home opens to a bright front living room and formal dining room, while the large eat-in kitchen provides plenty of space for everyday meals and entertaining. At the rear of the home, a warm and inviting family room with fireplace overlooks the private backyard and offers the perfect place to relax. The main floor also features two bedrooms, including a generous primary suite with walk-in closet and 4-piece ensuite, a second full bathroom, convenient laundry room and attached double garage. Downstairs, the finished basement expands the living space with two large bedrooms, a third full bathroom and an impressive rec room with room for movie nights, games, a home gym and more. Set on a nicely landscaped, private lot close to schools and parks, this home is also just a 15-minute walk from Downtown Elora's shops, restaurants, cafés and scenic Grand River attractions. A rare combination of space, comfort and walkable village living.

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Closing Costs

Mortgage Amount
$663,920
Land Transfer Taxes$13,073
Legal Fees (Est.)
$
Total cash required for closing$180,553

Total Monthly Obligation

$4,201/mo
Mortgage $3,348
Monthly Loss $3,320
Principal$881
Interest$2,467
Property Tax$478
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 294 Colborne Street

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