6523 Wellington Road 7 Road 214, Centre Wellington

$999,900
6523 Wellington Road 7 Road 214

$999,900

New
24d
Condo Apartment1 Storey/Apt

6523 Wellington Road 7 Road 214, Centre Wellington

Total Monthly Obligation $5,713

Beds
2
Baths
2
Park
1
Sqft
1400-1599
DOM
24d
Score
16
Yield
4.9%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.6%
10Y IRR
10.0%
Property Type-Condo Apartment
MLS® Number-X13839276
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Sep 29, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$7,763.54 (2026)
Maintenance-$832.38/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Other)
Brokerage-M1 Real Estate Brokerage Ltd
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Metal/Steel Siding
Possession-Flexible; to be arranged
Neighbourhood-Elora/Salem
Title-Residential Condo & Other

No agent assigned

Elora living, with room to settle in. At the Elora Mill Residences, this bright two-bedroom-plus-den suite pairs a generous, carpet-free layout with southwest exposure and a private balcony. Large windows bring natural light into the open living and dining spaces, while the kitchen's expansive island and sleek cabinetry create an inviting setting for a quiet breakfast or an evening with friends. The primary suite features a dressing corridor and a four-piece ensuite with double vanity and glass shower. A second bedroom and second four-piece bathroom provide comfortable guest space, while the separate den makes an ideal office, reading room or cozy retreat. In-suite laundry, an owned underground parking space and a storage locker add everyday convenience. Enjoy concierge service, a residents' lounge, fitness facilities, an outdoor pool and a landscaped courtyard with shared BBQs. Downtown Elora's restaurants, cafes, boutiques and trails are a short walk away, with the Grand River and Elora Mill Hotel & Spa close by. A beautifully finished home and a walkable village lifestyle, together in one distinctive address.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$799,920
Land Transfer Taxes$16,473
Legal Fees (Est.)
$
Total cash required for closing$217,953

Total Monthly Obligation

$5,713/mo
Mortgage $4,033
Monthly Loss $4,651
Principal$1,061
Interest$2,972
Property Tax$647
Condo Fees$832
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%0
5-Year IRR
7.0%18
10-Year IRR
8.4%
Returns Index
10.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$49,476/yr
NOI
$24,376/yr
Net Cash Flow
-$2,002/mo
Cash Margin
-48.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.3/ 100

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

Comparables

Properties near 6523 Wellington Road 7 Road 214

Time

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