6523 Wellington Road 7 Road 210, Centre Wellington

$759,900
6523 Wellington Road 7 Road 210

$759,900

New
7d
Condo Apartment1 Storey/Apt

6523 Wellington Road 7 Road 210, Centre Wellington

Total Monthly Obligation $4,504

Beds
1
Baths
2
Park
1
Sqft
1000-1199
DOM
7d
Score
16
Yield
4.9%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.3%
Property Type-Condo Apartment
MLS® Number-X14087222
Beds-1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 16, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$6,180.93 (2026)
Maintenance-$723.98/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Other)
Brokerage-Coldwell Banker Neumann Real Estate
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Brick
Foundation-Concrete
Possession-Flexible
Neighbourhood-Elora/Salem
Title-Residential Condo & Other

No agent assigned

Welcome home to this beautifully upgraded Mill View Suite at Elora Mill Condominiums, featuring over $100,000 in upgrades and sweeping west-facing views of the historic Elora Mill and the Elora Gorge. With 1,028 sq ft of interior living and a 191 sq ft private balcony, this 1 bedroom + den, 2 bathroom suite invites you to slow down, unwind and soak in the sunsets.The heart of the home is a generous kitchen, where a large island with seating gathers friends and family and premium Miele appliances make cooking a pleasure. Thoughtful touches like a tankless reverse osmosis system with a dedicated beverage faucet and custom maple drawer organizers make everyday living easy. From there, the bright living room with motorized roller shades opens to the balcony, the perfect spot for morning coffee or a glass of wine as the sun goes down.Retreat to the primary bedroom, complete with a walk-through closet and a spa-inspired ensuite featuring heated floors, a freestanding soaker tub, double vanity and Kohler smart toilet. The second bathroom also offers heated floors and a rain shower, while the den makes a cozy home office or guest space. Light oak flooring and upgraded trim, doors and hardware add warmth throughout, and practical extras include a dedicated EV charger at your parking space and a private storage locker right beside your suite.Life here extends well beyond your front door. Residents enjoy a stunning lobby with multiple lounges and a coffee bar, a party and dining room with a kitchen and projection screen, a garden courtyard, a terrace with fire tables and BBQs, a pool, a modern fitness centre and a dedicated Pilates and yoga studio.Stroll 5 minutes to downtown Elora's coffee shops, restaurants and boutiques, or head out to explore the Elora Cataract Trail and nearby parks.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$607,920
Land Transfer Taxes$11,673
Legal Fees (Est.)
$
Total cash required for closing$165,153

Total Monthly Obligation

$4,504/mo
Mortgage $3,065
Monthly Loss $3,698
Principal$807
Interest$2,259
Property Tax$515
Condo Fees$724
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
5.9%14
10-Year IRR
7.6%
Returns Index
8.2/ 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
$37,200/yr
NOI
$16,211/yr
Net Cash Flow
-$1,714/mo
Cash Margin
-55.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo34
Risk Index
18.5/ 100

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

Comparables

Properties near 6523 Wellington Road 7 Road 210

Time

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