503 Wellington 7 Road, Centre Wellington

$985,000
503 Wellington 7 Road

$985,000

New
3d
DetachedBungalow-Raised

503 Wellington 7 Road, Centre Wellington

Total Monthly Obligation $4,754

Beds
4
Baths
3
Park
8
Sqft
1100-1500
DOM
3d
Property Type-Detached
MLS® Number-X14102200
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-105 × 148 ft
Listed on site-Oct 20, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$4,872 (2025)
Parking-10 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-THE AGENCY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Above Ground
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-FLEXIBLE
Neighbourhood-Elora/Salem
Title-Residential Freehold

No agent assigned

Set well back behind mature trees at the edge of Elora, this raised bungalow has been comprehensively renovated inside and out. The main level opens beneath a vaulted ceiling, where the living and dining areas flow into a custom kitchen anchored by a ten-foot quartz island with pot filler, quartz backsplash and a full Samsung appliance suite, while sliding doors lead out to the deck and the yard beyond. Two bedrooms sit on this level, the primary comfortably proportioned with its own walk-in closet. The lower level walks out to the garden and lives as a true second living space rather than a basement, with a soundproofed media room and fireplace at its heart, two further bedrooms, a private office and a full laundry room. Much of the more than $300,000 invested here is deliberately unseen. Electrical renewed throughout, plumbing entirely replaced, spray foam insulation to ceilings and basement, a water softener and whole-home filtration with dedicated drinking water at the kitchen, and every room hardwired for internet. Outside, the yard is set up for real use, with a gas-heated pool, a deck made for long summer evenings, a fresh gravel drive and walkway, 30-amp service for a trailer or boat, and provisions for a hot tub and EV charging. All of it minutes from downtown Elora, where the shops, restaurants and the Mill sit above the Grand River, with the Gorge trails just beyond and Fergus, Guelph and Waterloo Region an easy drive.

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Closing Costs

Mortgage Amount
$788,000
Land Transfer Taxes$16,175
Legal Fees (Est.)
$
Total cash required for closing$214,675

Total Monthly Obligation

$4,754/mo
Mortgage $3,973
Monthly Loss $3,709
Principal$1,046
Interest$2,928
Property Tax$406
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 503 Wellington 7 Road

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