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$997K · 2 bed Condo Apartment · Unit 201, Elora Mills Residences, 6523 Wellington Rd 7 N/A, Centre Wellington, Ontario N0B 1S0 | HomeSearchCanada

$997,000

Unit 201

4 DOM

224d

Map

DOM 4

$997,000

DOM4days

Unit 201

Elora Mills Residences · 6523 Wellington Rd 7 N/A · Centre Wellington · Ontario N0B 1S0

MLS® X14090368 · Elora/Salem · N0B 1S0

22Vacant1200-1399 ft²Condo Apartment1-car UndergroundNo basement4d$767/ft²$7,269 tax/yrBuilt 20233 yrs oldNo basement

4 days on market

About this home

Enjoy five-star hotel-like living at The Elora Mill Condominium Residences on the Grand River, just a short walk to downtown. This 1267 sq ft south-west facing 2-bedroom, 2-bath, 2-balcony suite is the first of only six corner suites of this size to come up for sale. In the light-filled interior, the kitchen is the showpiece: Custom quartz two-level island, clean-line cabinetry and matching panelling on the fridge/freezer and dishwasher. The adjacent 21-ft balcony, induction cooktop and oven and…

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Property details

MLS#: X14090368
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 4
Kitchens: 1
Size: 1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: 2023

Occupancy: Vacant
Washrooms: 4 pc · Main; 3 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No

Property features: Arts Centre, Clear View, Electric Car Charger, Hospital, Library, River/Stream

View: Trees/Woods

Building name: Elora Mills Residences
Condo corp #: 297
Balcony: Terrace
Locker: Owned
Association amenities: Bike Storage, Concierge, Gym, Outdoor Pool, Party Room/Meeting Room, Recreation Room
Fees include: Common Elements Included, Building Insurance Included, Parking Included, Cable TV Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Stone · Landscaped, Patio, Recreational Area, Controlled Entry
Fronting on: —
Cross street: Wellington Rd 7 & Wellington Rd 21
Stories: 2
Utilities: —
Laundry: Ensuite
Laundry level: Main Level
Interior: Built-In Oven, Carpet Free, Countertop Range, Primary Bedroom - Main Floor, Floor Drain, Intercom, Separate Heating Controls, Separate Hydro Meter, Storage, Storage Area Lockers, Water Purifier, Wheelchair Access
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

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

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: SOTHEBY'S INTERNATIONAL REALTY CANADA

Source: TRREB/PROPTX · MLS® X14090368

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$997K

Unit 201 · Bryon Bertrim

Bryon Bertrim, REALTOR® | Real Broker Ontario Ltd. Brokerage · MLS® via PropTx · © CREA · Bona fide use only

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $997,000✓ $7,269 tax✓ Electric✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$8,168/mo

incl. closing costs (yr 1)

Annual total

$98,019

year 1

Mortgage only

$3,782/mo

principal + interest

Beyond mortgage

$2,560/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$199,400

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$606/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,300 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

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%$9,970/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)$68/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$16,415

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)46% $45,388/yr

Property taxes24% $23,684/yr

Utilities3% $2,460/yr

Insurance & security2% $1,600/yr

Maintenance10% $9,970/yr

Condo fees10% $9,817/yr

Closing costs5% $5,100/yr

Mortgage is 46% of your true cost of ownership. The other 54% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$45,388	$3,782/mo
Government & taxes
Property tax	$7,269	$606/mo
Land transfer tax(closing)	$16,415	$1,368/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$9,970	$831/mo
Condo fees
Condo / HOA fees	$9,817	$818/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	$98,019	$8,168/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 201

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs