57 Cutting Drive, Centre Wellington

$1,099,900
57 Cutting Drive

$1,099,900

New
7d
DetachedBungalow

57 Cutting Drive, Centre Wellington

Total Monthly Obligation $5,351

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
7d
Yield
2.1%
Cash on Cash
-15.3%
Cap Rate
1.3%
5Y IRR
3.7%
10Y IRR
5.5%
Property Type-Detached
MLS® Number-X14089348
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-49.25 × 104.86 ft
Listed on site-Oct 16, 2026
Style-Bungalow
Building Type-Detached
Age-6-15
Taxes-$6,466.01 (2026)
Parking-4 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX Real Estate Centre Inc
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room, Rec Room
Pool-Inground, Salt
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Elora/Salem
Title-Residential Freehold

No agent assigned

Stunning custom-built luxury bungalow offering 4 bdrms, over 3000sqft of finished living space, bright lookout bsmt W/in-law potential & backyard oasis all nestled in the town of Elora! Thoughtfully designed in collaboration with an interior designer, every finish has been carefully selected to create a home that exudes sophistication & warmth. Step into spectacular backyard where hardscaping, composite privacy fencing & mature trees create a peaceful retreat. Designed W/low-maintenance in mind you can spend less time on upkeep & more time enjoying this outdoor space. Lounge by the 12' x 24' heated saltwater pool surrounded by stone patios W/lots of space for relaxing & entertaining. Elevated deck is perfect for BBQs & cocktails while covered patio below offers charming outdoor bar & lounge area. Inside an open-concept layout is designed for entertaining & everyday comfort. Living room W/fireplace, rustic wood mantel & expansive windows. Custom kitchen W/white cabinetry, quartz counters, premium S/S appliances & centre island W/breakfast bar seating. Adjoining dining area is surrounded by oversized windows & offers access to elevated deck creating effortless indoor-outdoor living. Primary bdrm W/large windows overlooking mature trees, W/I closet & ensuite W/dbl vanity & tiled W/I glass shower. A 2nd bdrm offers ensuite access to the main bathroom making it ideal for guests or home office. Main-floor laundry completes this level. Prof. finished lookout bsmt offers add'l 1485sqft of finished living space. Large windows make the lower level feel open & welcoming. Rec room offers perfect setting for movies, family gatherings or games area W/fireplace. There are 2 bdrms, 3pc bath & 2 add'l flexible spaces ideal for playroom, hobby room, gym or office. W/its large layout & potential for future sep walk up entrance, this level offers exciting possibilities for an in-law suite. Enjoy nearby trails or spend wknds exploring Elora Gorge, shops, cafes & restaurants of downtown

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Closing Costs

Mortgage Amount
$879,920
Land Transfer Taxes$18,473
Legal Fees (Est.)
$
Total cash required for closing$239,953

Total Monthly Obligation

$5,351/mo
Mortgage $4,437
Monthly Loss $4,183
Principal$1,168
Interest$3,269
Property Tax$539
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 57 Cutting Drive

Time

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