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Property Type: Condo / ApartmentOwnership: Condominium
6523 WELLINGTON ROAD 7 Unit# 114
Elora, ON N0B1S0
MLS® 40854517
73
Walk Score
35
Bike
$1,749,000
2 bed2 bath1 parking1,381 sqftBuilt 2024
73
Walk Score
35
Bike
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
R1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $824/mo
- Annual property tax
- $7,472
Maintenance Fee Includes
Management
Also included: Landscaping, Cable TV, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | — |
| Bedroom | Main level | 15'1'' x 9'4'' |
| 5pc Ensuite bath | Main level | 11'0'' x 10'0'' |
| Primary Bedroom | Main level | 15'0'' x 17'1'' |
| 4pc Bathroom | Main level | 6'2'' x 9'1'' |
| Kitchen | Main level | 20'5'' x 10'2'' |
| Dining room | Main level | 5'10'' x 6'5'' |
| Living room | Main level | 17'0'' x 19'3'' |
| Foyer | Main level | 7'3'' x 6'1'' |
Description
Luxury Living at The Elora Mill Residences! Introducing a professionally furnished, riverfront corner suite at Elora Mill Residences, with refined living space and a private 734 sq. ft. wraparound terrace. Professionally designed, with all furnishings included, this two-bedroom, two-bathroom residence offers a turnkey opportunity in the heart of Elora. Wraparound floor-to-ceiling windows frame views of the Grand River and historic Elora Mill, while three walkouts connect the suite to its expansive terrace. Custom privacy screening and electric blinds provide comfort and control. The open-concept kitchen features custom cabinetry, an oversized waterfall island with seating, KitchenAid appliances and an integrated Fisher & Paykel fridge/freezer. The dining and living areas create an inviting setting for entertaining, anchored by an elegant fireplace feature. The primary suite includes a walk-in closet, a second closet and a spa-inspired ensuite with heated floors, double vanity, walk-in shower and soaker tub. A second bedroom and full bathroom with heated floors, offer comfortable accommodation for guests. Whirlpool in-suite laundry, EV parking and a storage locker complete the suite. Residents enjoy concierge service, a lobby coffee bar, lounge, private dining room, gym, yoga studio, fire-pit patios, outdoor pool and sun deck. With Elora's shops, cafes, restaurants, trails and parks just steps away, this ground-level corner residence combines luxury finishes, generous outdoor space and a distinctive riverfront setting. This rare ground-level suite with walkout terrace delivers unmatched luxury, convenience, and views - a truly exceptional offering in the heart of Elora. (id:63159)
Listing Information
- MLS®
- 40854517
- Data last synced
- October 3, 2026
RED AND WHITE REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RED AND WHITE REALTY INC.
MLS® Number: 40854517
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
$1,266/sqft
Building average
—
No other active listings in this building
54 - Elora/Salem average
$625/sqft
4 active listing(s)
Parking: 1 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: 20.0% ($349,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,399,200.00
Periodic payment — Principal & Interest (monthly)$9,027.16
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,515.81
Total monthly cost$10,542.97
Interest paid over 5-yr term$401,014.74
Balance at end of term$1,258,584.93
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$349,800
Stress test qualifying rate8.19%
Payment you must qualify for$10,849.03
Cash Needed at Closing
Minimum down payment$349,800
Estimated Land Transfer Tax (LTT)$31,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$382,755
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.