$799,900
1 Cutting Drive, Centre Wellington, ON N0B 1S0
Elora/Salem
Listing courtesy of PEAK REALTY LTD.
Elora/Salem · N0B 1S0
$799,900
$727 / sq ft1 weeks on market
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.
9 rooms. Dimensions as published by the listing brokerage.
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Bathroom | Main | 1.72 × 1.51 m5.6 × 5.0 ft | — |
| Bedroom | Main | 3.35 × 3.54 m11.0 × 11.6 ft | — |
| Den | Main | 1.70 × 1.53 m5.6 × 5.0 ft | — |
| Dining Room | Main | 3.90 × 3.02 m12.8 × 9.9 ft | — |
| Kitchen | Main | 5.73 × 2.48 m18.8 × 8.1 ft | — |
| Laundry | Main | 5.86 × 2.31 m19.2 × 7.6 ft | — |
| Living Room | Main | 3.58 × 5.88 m11.7 × 19.3 ft | — |
| Primary Bedroom | Main | 4.88 × 3.68 m16.0 × 12.1 ft | — |
| Office | Main | 3.46 × 7.13 m11.4 × 23.4 ft | Separate Room |
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 7% of comparable detached listings in Elora/Salem are asking less.
Based on 28 comparable active detached listings in Elora/Salem. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $799,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of M1 Real Estate Brokerage Ltd. 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.
What similar homes in this area actually sold for.
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$799,900
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Listing courtesy of PEAK REALTY LTD.
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Listing courtesy of REAL BROKER ONTARIO LTD.