284 Colborne Street, Centre Wellington

$899,900
284 Colborne Street

$899,900

New
8d
DetachedBacksplit 4

284 Colborne Street, Centre Wellington

Total Monthly Obligation $4,472

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
8d
Yield
4.1%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-X14081738
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-57.42 × 121.07 ft
Listed on site-Oct 15, 2026
Style-Backsplit 4
Building Type-Detached
Age-31-50
Taxes-$5,600.96 (2025)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Keller Williams Home Group Realty
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Elora/Salem
Title-Residential Freehold

No agent assigned

Home for Your Family! This very spacious, over 3000 square feet of total living space, home is built by Keating, a local, award-winning builder. Step out your front door to a short walk to downtown Elora and all that is has to offer. Great coffee shops, restaurants, shops and incredible natural beauty, set on the Grand River. Great parks and schools are also within a short walk. Current homeowners have meticulously upgraded and maintained the home over the years and it shows. Enter in to the home to find a large living room and dining room. Also on this level is a large, brand new, eat-in kitchen. New cabinets in 2023, new counter, sink, lighting and appliances all this year. Head up one level and find three large bedrooms and two full bathrooms. The primary suite includes two large closets and handy ensuite bathroom. Venture back downstairs to the first of two lower levels Large rec room with gorgeous fireplace (yet another recent upgrade). This could even be a great large bedroom/retreat for that teen of yours begging for their own space. One more bedroom and very convenient laundry room complete this level. One more level to go...another great hangout spot with lots more space to hang out in this spacious basement. Bring your imagination here. Family movie nights, bar, pool table, quiet office space how about all of the above there is room for it. Last but not least head outside and find a precisely landscaped yard, great patio and deck space for those morning coffees or evening cocktails. This home has exactly what your family wants and needs come check it out.

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Closing Costs

Mortgage Amount
$719,920
Land Transfer Taxes$14,473
Legal Fees (Est.)
$
Total cash required for closing$195,953

Total Monthly Obligation

$4,472/mo
Mortgage $3,630
Monthly Loss $3,516
Principal$955
Interest$2,675
Property Tax$467
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 284 Colborne Street

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