$1,099,900
Est. payment $4,870/moCalculate yours
57 Cutting Drive, Centre Wellington, ON N0B 1S0
Elora/Salem, Centre Wellington, ON N0B 1S0
- 2 + 2 Beds
- 3 Baths
- 2 Garage
- 1,500 Sq Ft
Listing courtesy of RE/MAX Real Estate Centre Inc MLS® X14089348
About this home
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
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- New
- Approximate Age
- 6-15
- Size
- 1,500 sqft
Interior
- Bedrooms
- 2 + 2
- Bathrooms
- 3
- Kitchens
- 1
- Basement
- Finished, Full
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 49.25 x 104.86 Feet
- Parking
- Attached garage · 4 total
- Zoning
- R2.58.7
Financial
- Property Taxes
- $6,466 (2026)
Location
- Neighbourhood
- Elora/Salem
- Cross Street
- York St E
- Direction Faces
- East
Listing
- MLS® Number
- X14089348
- Days on Market
- 2
- Listed On
- 2026-10-16
- Possession
- Flexible
- Listed By
- RE/MAX Real Estate Centre Inc
Rooms
Features
Interior
- Water Softener
Property
- Golf
- Greenbelt/Conservation
- Hospital
- Library
- Park
- Rec./Commun.Centre
Pool
- Inground
- Salt
- Included
- Dishwasher, Microwave, Pool Equipment, Range Hood, Refrigerator, Stove, Inground Heated Saltwater Pool & All Pool Equipment
- Excluded
- Washer & Dryer
- Rental items
- Hot Water Heater
Mortgage calculator
Estimated mortgage payment
$4,870 per month
- Principal and interest
- $4,870
- Property tax
- $539
- Condo fees
- $0
- Estimated monthly cost
- $5,409
Your mortgage
- Mortgage amount
- $879,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $581,116
Cash to close
- Down payment
- $219,980
- Land transfer tax
- $18,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $238,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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