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For saleMLS® X14102200

503 Wellington 7 Road, Centre Wellington, ON N0B 1S0

Elora/Salem · N0B 1S0

$985,000

$895 / sq ft

2 weeks on market

Bedrooms
2+2
Bathrooms
3
Interior
1,100 sf
Parking
10
Lot
105 × 148 ft
Age
31-50 years

What's special

  • Attached garage
  • Pool
  • Central air
  • Finished basement
  • Fireplace

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About this property

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.

Rooms

9 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomMain4.44 × 3.68 m14.6 × 12.1 ft—
Dining RoomMain2.82 × 4.01 m9.3 × 13.2 ft—
KitchenMain4.78 × 3.23 m15.7 × 10.6 ft—
BedroomMain3.25 × 3.30 m10.7 × 10.8 ft—
Primary BedroomMain3.66 × 5.21 m12.0 × 17.1 ft—
RecreationBasement4.95 × 4.19 m16.2 × 13.7 ft—
BedroomBasement3.33 × 2.97 m10.9 × 9.7 ft—
BedroomBasement4.06 × 3.73 m13.3 × 12.2 ft—
OfficeBasement2.06 × 2.69 m6.8 × 8.8 ft—

Features

  • Other

Property details

Property

Property type
detached
Bedrooms
2 + 2
Bathrooms
3
Interior size
1,100 sq ft
Year built
31-50
Lot size
105 × 148 ft
Possession
FLEXIBLE

Interior

Basement
Finished
Heating
Forced Air · Gas
Cooling
Central Air
Fireplaces
1
Exposure
East

Exterior & services

Construction
Brick, Vinyl Siding
Garage
Attached
Parking spaces
10
Pool
Above Ground
Water
Drilled Well
Sewer
Septic

Costs

List price
$985,000
Property taxes
$4,872 / year (2025)
Price per sq ft
$895
Rental items
Hot water heater

Listing

MLS® number
X14102200
Status
For sale
Listed
October 21, 2026
Days on market
15
Last updated
October 21, 2026
Listing brokerage
THE AGENCY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 54% of comparable detached listings in Elora/Salem are asking less.

$800KMedian $944K$1.36M
This home
$895 / sq ft
Comparable median
$646 / sq ft

Based on 28 comparable active detached listings in Elora/Salem. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.5% · minimum $73,500
$73,500
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$5,039.84
Property tax (est.)
$406.00
Estimated monthly
$5,446

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$16,175
Total due on closing
$16,175

An estimate on the asking price of $985,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of THE AGENCY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$985,000

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