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Property Type: Detached HouseOwnership: Freehold
245 GEDDES Street
Elora, ON N0B1S0
MLS® 40834401
$1,295,000
4 bed4 bath4 parking2,435 sqftBuilt 2021
Property Details
Property & Lot
- Sub-type
- House
- Style
- Contemporary
- Stories
- 2
- Frontage
- 69 feet
C4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,270
Interior
- Basement
- Finished, Full
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Lower level | 8'10'' x 6'5'' |
| Recreation room | Lower level | 13'6'' x 22'1'' |
| Bedroom | Lower level | 11'7'' x 15'3'' |
| Cold room | Lower level | 17'0'' x 7'4'' |
| 3pc Bathroom | Lower level | 7'5'' x 6'5'' |
| Primary Bedroom | Second level | 12'5'' x 15'1'' |
| Bedroom | Second level | 10'4'' x 13'2'' |
| Bedroom | Second level | 15'9'' x 10'2'' |
| 4pc Ensuite bath | Second level | 12'4'' x 7'2'' |
| 4pc Bathroom | Second level | 7'7'' x 6'4'' |
| Living room | Main level | 14'4'' x 13'6'' |
| Kitchen | Main level | 12'5'' x 14'6'' |
| Foyer | Main level | 10'1'' x 5'1'' |
Description
Welcome to 245 Geddes Street, a breathtaking custom-built residence nestled in the vibrant heart of downtown Elora. Previously operated as a successful high-end AirBNB and being sold fully furnished. This exquisite home built in 2021 showcases unparalleled craftsmanship and premium finishes at every turn. Natural light floods the interior, accentuating the luxurious heated flooring in the bathrooms and foyer, and the elegant engineered hardwood throughout. Solid wood privacy doors open to reveal a spacious kitchen, adorned with high-end appliances, quartz countertops, and a generous island perfect for entertaining. Adjacent to the kitchen, the charming dining room and inviting family room, featuring a striking gas fireplace, create a warm and welcoming atmosphere. Upstairs, the residence offers three generously sized bedrooms, a convenient laundry area, a stylishly appointed bathroom, and a sumptuous primary suite complete with a walk-in closet and a spa-like ensuite. The finished basement, with its 9-foot ceilings, provides additional living space including an extra bedroom currently set up as a home gym, a versatile recroom, ample storage, and a luxury three-piece bathroom. Outdoors, a large covered front porch, mature trees, and a low-maintenance landscaped yard invite relaxation and enjoyment. The newly paved driveway allows for 4-5 vehicles. With C4 zoning, this property offers a wealth of possibilities. This showpiece home can come furnished, and a great rental possibility! This is Downtown Elora's best kept secret, perfectly tucked away from view of the street. Experience this exceptional home for yourself—schedule your private tour today! (id:63159)
Listing Information
- MLS®
- 40834401
- Data last synced
- September 15, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: 40834401
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$532/sqft
Building average
—
No other active listings in this building
54 - Elora/Salem average
$400/sqft
8 active listing(s)
Parking: 4 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
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.
Nearby Places
Restaurants (5+)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 8.1% ($104,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,036,000.00
Periodic payment — Principal & Interest (monthly)$6,683.92
Additional monthly expenses (condo fees, tax, utilities, etc.)$477.83
Total monthly cost$7,161.75
Interest paid over 5-yr term$296,920.58
Balance at end of term$931,885.35
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$104,500
Stress test qualifying rate8.19%
Payment you must qualify for$9,230.83
Cash Needed at Closing
Minimum down payment$104,500
Estimated Land Transfer Tax (LTT)$22,375
Legal / closing costs (typical estimate)$1,500
Total cash needed$128,375
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.
