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$1.30M · 2 bed Condo Apartment · Elora/Salem, Centre Wellington | MyPropertyScout

$1,299,900

Unit 314

12 DOM

2212d

Map

DOM 12

Waterfront

$1,299,900

DOM12days

Unit 314

6523 Wellington Road 7 Road · Centre Wellington · Ontario N0B 1S0

MLS® X13544922 · Elora/Salem · N0B 1S0

22OwnerOccupied1400-1599 ft²Condo Apartment1-car UndergroundNo basement12d$867/ft²$7,762 tax/yrNo basement

12 days on market

About this home

Welcome to the Elora Mill Residences. This 1459 sq ft condo is going to impress. You will love the spacious full 2 BEDROOM / 2 BATHROOM + DEN layout with private south west facing covered balcony. A very bright unit with large windows and plenty of natural light. Primary bedroom with ensuite and two walk in closets. Full second bathroom. Great finishes throughout of course. Indoor heated parking plus storage. The Elora Mill Residences are known for their unrivalled amenities - including concierg…

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Property details

MLS#: X13544922
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 6
Kitchens: 1
Size: 1400-1599Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 4 pc
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Waterfront: Yes
Water view: Direct
Water body: Grand River
Shoreline: Deep, Rocky, Mixed
Waterfront features: River Front

Condo corp #: 297
Balcony: Open
Locker: Exclusive
Fees include: Common Elements Included, Cable TV Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Heat Pump
Heating fuel: Other
Cooling: Central Air
Fireplaces: —
Exterior: Stone, Metal/Steel Siding
Fronting on: —
Cross street: McNab and Wellington 7
Stories: 3
Utilities: —
Laundry: In-Suite Laundry
Interior: Carpet Free
Parking features: —

Additional listing data

ListAOR: One Point Association of REALTORS

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: Royal LePage Royal City Realty

Source: TRREB/PROPTX · MLS® X13544922

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$1.30M

Unit 314 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,299,900✓ $7,762 tax✓ Other✓ 1400-1599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$10,255/mo

incl. closing costs (yr 1)

Annual total

$123,059

year 1

Mortgage only

$4,931/mo

principal + interest

Beyond mortgage

$2,992/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$259,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$647/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,500 ft² · ON avg ~$75/mo · assumes gas heat

Other$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$12,999/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$69/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$22,473

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)48% $59,177/yr

Property taxes25% $30,235/yr

Utilities3% $3,960/yr

Insurance & security1% $1,600/yr

Maintenance11% $12,999/yr

Condo fees8% $9,989/yr

Closing costs4% $5,100/yr

Mortgage is 48% of your true cost of ownership. The other 52% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$59,177	$4,931/mo
Government & taxes
Property tax	$7,762	$647/mo
Land transfer tax(closing)	$22,473	$1,873/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Other	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$12,999	$1,083/mo
Condo fees
Condo / HOA fees	$9,989	$832/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$123,059	$10,255/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 314

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs