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.
Welcome to 294 Colborne Street, a spacious custom-built 2+2 bedroom bungalow offering generous living space across two levels in one of Elora's most desirable neighbourhoods. Thoughtfully designed for comfortable main-floor living, the home opens to a bright front living room and formal dining room, while the large eat-in kitchen provides plenty of space for everyday meals and entertaining. At the rear of the home, a warm and inviting family room with fireplace overlooks the private backyard and offers the perfect place to relax. The main floor also features two bedrooms, including a generous primary suite with walk-in closet and 4-piece ensuite, a second full bathroom, convenient laundry room and attached double garage. Downstairs, the finished basement expands the living space with two large bedrooms, a third full bathroom and an impressive rec room with room for movie nights, games, a home gym and more. Set on a nicely landscaped, private lot close to schools and parks, this home is also just a 15-minute walk from Downtown Elora's shops, restaurants, cafés and scenic Grand River attractions. A rare combination of space, comfort and walkable village living.
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What’s NearbyDistances approximate
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Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
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$3,583/mo
Mortgage (principal + interest)$3,105
Property taxFrom listing: $5,740/yr$478
Minimum $57,990 down for this price; the slider moves in whole percent, starting at 7%. 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$165,980
Ontario land transfer taxProvincial brackets, no first-time refund$13,073
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$181,853
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
