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Property Type: Detached House
7241 WELLINGTON RD 21 ROAD
Centre Wellington, ON N0B1B0
MLS® X13798230
$599,900
3 bed1 bath5 parking
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 100 x 175.2 FT
- Frontage
- 100 feet
A
Ownership & Fees
- Property type
- Detached House
- Annual property tax
- $766 (2026)
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | — |
| Living room | Main level | — |
| Kitchen | Main level | — |
| Bedroom | Main level | — |
Description
Situated in the hamlet of Inverhaugh on Road 21, this 980 ft2 3 bedroom bungalow situated on a .4 acre lot, built in 1964 is in need of a new chapter in its life and is being sold "as is where is". An exceptional opportunity awaits for a young Family or renovator, Ideally located with easy access to Elora Gorge Park, Elora, Fergus, KW and Guelph. (id:63159)
Listing Information
- MLS®
- X13798230
- Tax assessment year
- 2026
- Data last synced
- October 7, 2026
Coldwell Banker Neumann Real Estate
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Coldwell Banker Neumann Real Estate
MLS® Number: X13798230
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 OnePoint Association of REALTORS®.
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: 5.8% ($34,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$479,920.00
Periodic payment — Principal & Interest (monthly)$3,096.28
Additional monthly expenses (condo fees, tax, utilities, etc.)$63.83
Total monthly cost$3,160.11
Interest paid over 5-yr term$137,546.45
Balance at end of term$431,689.59
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$34,990
Stress test qualifying rate8.19%
Payment you must qualify for$4,380.17
Cash Needed at Closing
Minimum down payment$34,990
Estimated Land Transfer Tax (LTT)$8,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$44,963
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.
