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Property Type: Detached HouseOwnership: Leasehold
40 THIRD LINE ROAD
Centre Wellington, ON N1M2W4
MLS® X13692238
$1,600,000
4 bed3.5 bath7 parking
Amenities
Also listed: Fireplace(s)
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Leasehold
- Annual property tax
- $6,557.65
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Propane
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Appliances
- Refrigerator, Water purifier, Water softener, Dishwasher, Stove, Microwave, Water Treatment, Garage door opener remote(s)
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | — |
| Den | Second level | — |
| Bathroom | Second level | — |
| Loft | Second level | — |
| Dining room | Main level | — |
| Great room | Main level | — |
| Living room | Main level | — |
| Primary Bedroom | Main level | — |
| Bathroom | Main level | — |
| Bathroom | Main level | — |
| Laundry room | Main level | — |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
Description
Welcome to your private lakeside retreat on beautiful Lake Belwood. Custom built by Wrighthaven Homes, this exceptional GRCA leased lakefront property offers over 2,500 sq. ft. of thoughtfully designed living space, breathtaking unobstructed lake views, and the perfect balance of luxury, comfort, and tranquility. Complete with a two-car garage plus attached boathouse, this rare 3 bedrooms + loft, 2.5 bathroom waterfront home offers an unparalleled opportunity to enjoy the Lake Belwood lifestyle. Step inside to an open-concept main floor featuring a stunning kitchen with stainless steel appliances, a large island with breakfast seating, spacious dining area, and an impressive great room highlighted by soaring two-storey windows that frame spectacular waterfront views and a two storey stone fireplace . The 2-way fireplace creates a warm and inviting atmosphere, connecting the great room to a charming living room/reading room. The main-floor primary suite is a true retreat, complete with both walk-in and double closets, and a spacious ensuite featuring a walk-in shower. Upstairs, you'll find two generous bedrooms, each with walk-in closets, as well as a 4-piece bathroom, ample storage, and an open loft and den area overlooking the great room below. Above the garage, a separate loft space with its own garage access offers endless possibilities as a media room, games room, guest suite, home office, or additional bedroom.The unfinished 1,300 sq. ft. basement with high ceilings provides a blank canvas for future expansion and customization. Outside, enjoy stunning lake views from the rear of the property while mature trees at the front create privacy and a peaceful natural setting. If you are looking for the ultimate family cottage getaway, this remarkable property is ready to create lasting memories for generations to come. Seasonal cottage on GRCA leased land, fulltime living is permitted April 15th to Nov 15th and 10 days PER MONTH living permitted in the off season. (id:63159)
Listing Information
- MLS®
- X13692238
- Data last synced
- September 29, 2026
REAL BROKER ONTARIO LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: REAL BROKER ONTARIO LTD.
MLS® Number: X13692238
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
31,093
(2021 Census)
+10.3% since 2016
Density: 75.9/km²
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($320,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,280,000.00
Periodic payment — Principal & Interest (monthly)$8,258.13
Additional monthly expenses (condo fees, tax, utilities, etc.)$546.47
Total monthly cost$8,804.60
Interest paid over 5-yr term$366,851.68
Balance at end of term$1,151,364.14
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$320,000
Stress test qualifying rate8.19%
Payment you must qualify for$9,924.79
Cash Needed at Closing
Minimum down payment$320,000
Estimated Land Transfer Tax (LTT)$28,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$349,975
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
