20 Station Square 106, Centre Wellington

$540,000
20 Station Square 106

$540,000

Sold Conditional Escape
18d
Condo ApartmentApartment

20 Station Square 106, Centre Wellington

Total Monthly Obligation $3,411

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
18d
Score
21
Yield
7.1%
Cash on Cash
-0.3%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Condo Apartment
MLS® Number-X13864132
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 5, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,680.05 (2026)
Maintenance-$726/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Water (Other)
Brokerage-eXp Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Elora/Salem
Title-Residential Condo & Other

No agent assigned

Welcome to 20 Station Square, a well-established condominium community in the heart of beautiful Elora, Ontario. This location offers an appealing combination of low-maintenance condominium living, excellent building amenities, beautifully maintained grounds, and easy access to the charm and attractions of historic downtown Elora. Station Square is a popular choice for those looking to simplify their lifestyle without giving up comfort or convenience. The building offers a range of amenities including an exercise/fitness room, party and recreation room, guest suite for overnight visitors, elevator access, visitor parking, secure designated underground parking, private storage lockers and a convenient car-wash area. The property is professionally managed and the surrounding grounds are landscaped and maintained Residents can enjoy the ability to walk into downtown Elora to experience local shops, cafés, restaurants, galleries and community amenities. Nearby Bissell Park provides a beautiful riverside setting along the Grand River, with a boardwalk, pedestrian bridge, waterfall views, pavilion and seasonal community activities.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$432,000
Land Transfer Taxes$7,275
Legal Fees (Est.)
$
Total cash required for closing$116,775

Total Monthly Obligation

$3,411/mo
Mortgage $2,178
Monthly Loss $2,838
Principal$573
Interest$1,605
Property Tax$307
Condo Fees$726
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.3%2
5-Year IRR
11.7%47
10-Year IRR
12.1%
Returns Index
24.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$38,604/yr
NOI
$19,952/yr
Net Cash Flow
-$516/mo
Cash Margin
-16.0%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
25.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 20 Station Square 106

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.