6523 Wellington Road 7 201, Centre Wellington

$997,000
6523 Wellington Road 7 201

$997,000

New
7d
Condo Apartment1 Storey/Apt

6523 Wellington Road 7 201, Centre Wellington

Total Monthly Obligation $5,646

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
7d
Score
15
Yield
4.3%
Cash on Cash
-10.2%
Cap Rate
2.4%
5Y IRR
7.6%
10Y IRR
8.4%
Property Type-Condo Apartment
MLS® Number-X14090368
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 16, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$7,269.4 (2026)
Maintenance-$818.11/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-SOTHEBY'S INTERNATIONAL REALTY CANADA
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Stone
Possession-Immed/TBA
Neighbourhood-Elora/Salem
Title-Residential Condo & Other

No agent assigned

Enjoy five-star hotel-like living at The Elora Mill Condominium Residences on the Grand River, just a short walk to downtown. This 1267 sq ft south-west facing 2-bedroom, 2-bath, 2-balcony suite is the first of only six corner suites of this size to come up for sale. In the light-filled interior, the kitchen is the showpiece: Custom quartz two-level island, clean-line cabinetry and matching panelling on the fridge/freezer and dishwasher. The adjacent 21-ft balcony, induction cooktop and oven and upgrades of purified water tap, garbage centre and pull-out drawers in the full-height pantry add to the appeal. The primary bedroom's pocket door opens to the large custom en-suite with double-door level-entry shower, 5-ft floating vanity, soaker tub, underfloor heating and washlet toilet. The doors to the balcony are furnished with sheers and room-darkening draperies. There are 9-ft ceilings and automated solar blinds throughout, including the spacious second bedroom. Other pluses include an in-suite laundry room, underground parking with EV charger, upsized locker and additional 60 sq ft locker across the corridor. Designed for accessibility: Roll-in double shower, knee space under the en suite vanity, pocket doors or lever door handles and dining/desk height at the kitchen island. Residents enjoy exceptional amenities: concierge service, elegant lobby lounge with coffee bar and bread and pastries fresh from The Elora Mill, private dining room, fitness and yoga centre, heated outdoor pool and furnished landscaped terrace with fire pits and BBQs. The many common spaces support social events, new friendships or quiet relaxation. This exceptional community blends refined architecture with convenient access to The Elora Mill Hotel & Spa, restaurants, breweries, delightful shops, trails, water activities, farmers markets and a vibrant arts and music scene.

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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$797,600
Land Transfer Taxes$16,415
Legal Fees (Est.)
$
Total cash required for closing$217,315

Total Monthly Obligation

$5,646/mo
Mortgage $4,022
Monthly Loss $4,587
Principal$1,058
Interest$2,963
Property Tax$606
Condo Fees$818
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.6%0
5-Year IRR
5.1%11
10-Year IRR
6.9%
Returns Index
6.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$42,876/yr
NOI
$19,102/yr
Net Cash Flow
-$2,430/mo
Cash Margin
-68.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.9/ 100

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

Comparables

Properties near 6523 Wellington Road 7 201

Time

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