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.
The Welland by Granite Homes is a beautifully designed 2,410 sq. ft. two-storey home in the desirable South River community in Elora. Offering 3 bedrooms, 2.5 bathrooms, and a versatile loft, this home combines modern design with functional family living.The main floor features 9' ceilings, 8' interior doors, and a bright open-concept layout for everyday living and entertaining. The great room is anchored by an electric fireplace and finished with hardwood flooring. The chef's kitchen showcases granite countertops, custom soft-close cabinetry with pot-and-pan drawers, extended upper cabinets, a stainless steel chimney hood fan, and a spacious island overlooking the dining area. A full appliance package is included, and hardwood stairs carry you from the main floor to the second level.Upstairs, the primary suite offers a walk-in closet, a tray ceiling with waffle detail, and a luxurious ensuite with granite countertops, a custom vanity, and a walk-in tiled shower with frameless glass. Two additional bedrooms, a full bathroom, second-floor laundry, and a generous loft round out the level. An optional fourth-bedroom layout is available.The basement offers 8'10" ceiling height for excellent future living potential, plus a garage door opener for everyday convenience.Minutes from downtown Elora, boutique shopping, restaurants, trails, parks, and the Grand River, South River offers an exceptional lifestyle with convenient access to Guelph, Kitchener, and Waterloo.Start your tour at the sales office located at 47 Imrie Road. Open Monday-Thursday 2-7 PM and Friday-Sunday 12-5 PM.Listing price reflects the price after HST rebates and assumes eligibility for the proposed full HST rebate. Please speak with a Granite Homes Sales Representative for more information and to see if you qualify.
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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$5,008/mo
Mortgage (principal + interest)$4,467
Property taxFrom listing: $6,500/yr$542
Minimum $94,400 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$238,800
Ontario land transfer taxProvincial brackets, no first-time refund$20,355
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$261,955
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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