43 days on Market

261 Colborne St, Elora, Ontario N0B 1S0

Detached
5 + 2
3
~2447 sqft
$1,200,000
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Detached
5 + 2
3
~2447 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$490/sqft

Est. Mortgage$5,153/mo

Tax Amount (2024)$5,701/yr

Days On Market43 days


Description

Visit REALTOR® website for additional information. Experience small-town charm with this 1880 farmhouse, one of the area's original homesteads. The home features 7 bedrooms, 3 baths, and a separate suite in the walkout basement. Set on a spacious .68-acre, it's just 1 km from downtown and backs onto the Elora Cataract Trailway. The main level offers a bright eat-in kitchen, rear living room with deck access, and a converted bedroom from the garage. Upstairs are 4 bedrooms, including a large primary with double closets, plus a 4-piece bathroom. The basement has a kitchen, full bathroom, 2 bedrooms, and separate laundry, ideal for guests or a rental. The expansive lot includes a heated detached shop, shed, and 30 maple trees providing privacy in the summer. With plenty of parking and a short walk to downtown Elora’s shops and restaurants, this is the perfect private getaway.


Property Details

StyleTwo Story
View-
Age of property1880
SqFt~2447 SqFt
Lot Size29,561 Ac(412.7 x 71.63)
Parking Spaces6
MLS ®Number40707660
Community NameCentre Wellington
Data SourceITSO
Listing byPG Direct Realty Ltd. Brokerage

Features

Heating: Forced Air, Natural Gas
Cooling: Central Air
Basement: Walk-Out Access, Full, Finished

Main Floor

Living Room

4.90 x 4.62

Kitchen/Dining Room

5.18 x 6.98

Laundry

3.48 x 2.44

Bathroom

2.84 x 2.03

3-Piece


Features

Lot size: 29,561 Ac
Sewer (Municipal)

Parking

Garage spaces 1

Garage type -

Other parking spaces 5

Total parking spaces 6


Property History

Mar 18, 2025
ListedActive
$1,200,000
43 days on market
history photo preview20
Listing by itso®
Property listed by PG Direct Realty Ltd. Brokerage, Brokerage

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Market Data - Centre Wellington

Geo Zone Map ThumbnailCentre Wellington

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

41 days

Compared to

2024

22 days

2023

27 days

2022

7 days

New Listings

Past 30 days

89 listings

Compared to

2024

101 listings

2023

105 listings

2022

121 listings

Units sold

Past 30 days

37 units

Compared to

2024

54 units

2023

69 units

2022

88 units

Median Sold Price

Past 30 days

$940,000

Compared to

2024

$965,000

2023

$815,000

2022

$1,118,000


Population and Demographics

Overview

Total population 31158
Average household income $139,569

Age (%)

0 to 19
23%
65 and plus
22%
50 to 64
21%
35 to 49
18%
20 to 34
16%

Household composition (%)

Single family
74%
Single person
24%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
93%
Others
5%
Dutch
1%

House tenancy (%)

Owners
81%
Renters
19%

Schools and amenities

Estimated Budget