$1,098,000
Est. payment $4,862/moCalculate yours
503 Wellington 7 Road, Centre Wellington, ON N0B 1S0
Elora/Salem, Centre Wellington, ON N0B 1S0
- 2 + 2 Beds
- 3 Baths
- 2 Garage
- 1,100 Sq Ft
Listing courtesy of THE AGENCY MLS® X13743180
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow-Raised
- For
- For Sale
- Status
- New
- Approximate Age
- 31-50
- Size
- 1,100 sqft
Interior
- Bedrooms
- 2 + 2
- Bathrooms
- 3
- Kitchens
- 1
- Basement
- Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water
- Well
- Sewer
- Septic
Lot & Parking
- Lot Size
- 105 x 148 Feet
- Parking
- Attached garage · 10 total
Financial
- Property Taxes
- $4,872 (2025)
Location
- Neighbourhood
- Elora/Salem
- Cross Street
- WELLINGTON COUNTY RD 18 TO WELLINGTON ROAD 7
- Direction Faces
- East
Listing
- MLS® Number
- X13743180
- Days on Market
- 46
- Listed On
- 2026-09-02
- Possession
- FLEXIBLE
- Listed By
- THE AGENCY
Rooms
Features
Interior
- Other
Property
- Golf
- Greenbelt/Conservation
- Hospital
- Lake/Pond
- Library
- Park
Pool
- Above Ground
- Included
- Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
- Rental items
- Hot water heater
Mortgage calculator
Estimated mortgage payment
$4,862 per month
- Principal and interest
- $4,862
- Property tax
- $406
- Condo fees
- $0
- Estimated monthly cost
- $5,268
Your mortgage
- Mortgage amount
- $878,400
- Mortgage insurance
- Not needed
- Interest over 25 years
- $580,112
Cash to close
- Down payment
- $219,600
- Land transfer tax
- $18,435
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $238,035
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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