The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Space, Style & A Walkout Lot. Discover 2,510 sq. ft. of thoughtfully designed living space in this impressive two-storey home, situated on a desirable walkout lot in Elora's South River community. Currently at the drywall stage, this home offers buyers the exciting opportunity to select their own interior colour schemes and finishes! Please note that the photos shown are of a completed home that may have additional upgrades and are intended to illustrate the design and finishes available.Offering 3 bedrooms, 2.5 bathrooms and a bright, open layout, this home combines quality craftsmanship with the space and flexibility today's buyers are looking for.A grand 18-foot-high entryway creates a striking first impression, welcoming you into a home filled with natural light. The main level features hardwood flooring, 9-foot ceilings, pot lighting and large windows throughout. At the heart of the home is an expansive galley-style kitchen with stone countertops, offering generous space for cooking, gathering and entertaining.Upstairs, a versatile second-floor loft provides the perfect spot for a home office, family lounge or quiet retreat, while convenient second-floor laundry makes everyday living easier. The spacious primary suite features a luxurious 5-piece ensuite with a freestanding soaker tub, glass-enclosed tiled shower and double vanity.The walkout lot is a standout feature, bringing additional natural light to the lower level and providing direct access to the backyard, with exciting possibilities for future living and entertaining space.Ideally located close to Elora's charming downtown, shops, restaurants and everyday amenities, South River offers the perfect balance of small-town charm and modern convenience.Why settle for someone else's choices when you can make this home your own? With construction well underway and the opportunity to personalize your interior finishes, this is your chance to enjoy a brand-new home without starting from scratch.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,689/mo
Mortgage (principal + interest)$3,689
Minimum $73,599 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$197,198
Ontario land transfer taxProvincial brackets, no first-time refund$16,195
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$216,193
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Centre Wellington has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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