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$599,900
DOM28days6492 Gerrie Road · Centre Wellington · Ontario N0B 1S0
28 days on market
Welcome to 6492 Gerrie Rd Unit 207. These desirable condos (built by James Keating Construction Ltd) are nestled on the edge of green space, yet just a stone's throw from downtown Elora. This 1300 sqft, 2 bedroom, 2 bathroom corner unit has large windows that allow an abundance of natural light. Other features include: an open balcony (electric bbq permitted), two parking spaces, an affordable eco friendly Geo thermal heating and cooling system, and a private locker. There's even a private garag…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: Red Brick Real Estate Brokerage Ltd.
Source: TRREB/PROPTX · MLS® X13827164
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~1,300 ft² · ON avg ~$75/mo · assumes gas heat
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $27,310 | $2,276/mo |
| Government & taxes | ||
| Property tax | $4,592 | $383/mo |
| Land transfer tax(closing) | $8,473 | $706/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Ground Source | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $5,999 | $500/mo |
| Condo fees | ||
| Condo / HOA fees | $8,820 | $735/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 | $65,854 | $5,488/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.