$899,900
Est. payment $3,985/moCalculate yours
120 Wellington 7 Road, Centre Wellington, ON N0B 1S0
Elora/Salem, Centre Wellington, ON N0B 1S0
- 2 Beds
- 1 Baths
- 1 Garage
- 1,100 Sq Ft
Listing courtesy of M1 Real Estate Brokerage Ltd MLS® X13778402
About this home
Acreage today. Potential for tomorrow. Set on approximately 2.4 acres in Elora, 120 Wellington Road 7 combines an existing two-bedroom bungalow, a heated detached workspace and an unusually deep property with the opportunity to explore one additional rear flag lot. Preliminary planning correspondence identified a possible two-lot arrangement, with a retained front parcel and a new lot behind, subject to current planning, servicing and access approvals. The accompanying aerial concept illustrates the idea; it is not an approved severance or survey. Centre Wellington’s master plan identifies future municipal water and wastewater infrastructure along Wellington Road 7. The development concept illustrates one possible residential vision for the property’s longer-term potential, subject to feasibility and approvals. Enjoy the property as it stands while considering its next chapter. The home offers a generous living room, separate dining area, kitchen, main-floor laundry, a small den and one four-piece bathroom. A heated detached workspace adds flexibility for personal projects or working from home. An established orchard of apple and pear trees and mature plantings bring character to the grounds. Natural gas and electricity serve the property; the furnace, water heater and water softener are owned. For buyers seeking room to spread out today and a meaningful opportunity to investigate future severance, this property brings the home, land and possibilities together just minutes from the heart of Elora.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- New
- Size
- 1,100 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- Crawl Space
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete Block, Poured Concrete
- Roof
- Asphalt Rolled, Asphalt Shingle
- Water
- Well
- Sewer
- Septic
Lot & Parking
- Lot Size
- 90 x 572 Feet
- Parking
- Attached garage · 7 total
- Zoning
- R
Financial
- Property Taxes
- $4,870 (2026)
Location
- Neighbourhood
- Elora/Salem
- Cross Street
- Speers Rd.
- Direction Faces
- East
Listing
- MLS® Number
- X13778402
- Days on Market
- 37
- Listed On
- 2026-09-11
- Possession
- 60-90 days
- Listed By
- M1 Real Estate Brokerage Ltd
Rooms
Features
Interior
- None
Pool
- None
- Included
- Fridge, Stove, Dishwasher, Washer, Dryer.
Mortgage calculator
Estimated mortgage payment
$3,985 per month
- Principal and interest
- $3,985
- Property tax
- $406
- Condo fees
- $0
- Estimated monthly cost
- $4,390
Your mortgage
- Mortgage amount
- $719,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $475,449
Cash to close
- Down payment
- $179,980
- Land transfer tax
- $14,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $194,453
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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