120 Wellington 7 Rd is a 2-bedroom, 1-bathroom detached home in Centre Wellington, listed for $799,900. It has 1100-1500 sq ft of living space.
1Potential for tomorrow.
2Preliminary planning correspondence identified a possible two-lot arrangement, with a retained front parcel and a new lot behind, subject to current planning, servicing and access approvals.
3The home offers a generous living room, separate dining area, kitchen, main-floor laundry, a small den and one four-piece bathroom.
Acreage today. Potential for tomorrow. Set on approximately 2.4 acres in Elora, 120 Wellington Road 7 combines an existing two-bedroom bungalow, a heated detached workspace and an unusually deep property with the opportunity to explore one additional rear flag lot. Preliminary planning correspondence identified a possible two-lot arrangement, with a retained front parcel and a new lot behind, subject to current planning, servicing and access approvals. The accompanying aerial concept illustrates the idea; it is not an approved severance or survey. Centre Wellington's master plan identifies future municipal water and wastewater infrastructure along Wellington Road 7. The development concept illustrates one possible residential vision for the property's longer-term potential, subject to feasibility and approvals. Enjoy the property as it stands while considering its next chapter. The home offers a generous living room, separate dining area, kitchen, main-floor laundry, a small den and one four-piece bathroom. A heated detached workspace adds flexibility for personal projects or working from home. An established orchard of apple and pear trees and mature plantings bring character to the grounds. Natural gas and electricity serve the property; the furnace, water heater and water softener are owned. For buyers seeking room to spread out today and a meaningful opportunity to investigate future severance, this property brings the home, land and possibilities together just minutes from the heart of Elora.
2 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $727 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 120 Wellington 7 Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
7 spacesYes garage
Basement
Crawl Space
Features & systems
Parking & garage
Garage
Yes
Parking spaces
7
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
120 Wellington 7 Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14116502$799,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 120 Wellington 7 Rd Compares to the Centre Wellington Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,930
/mo
based on the purchase price of $799,900
$159,980 cash
$639,920 financed
$538,981 total interest
Principal54%$639,920
Interest46%$538,981
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Wellington 7 Road? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 120 Wellington 7 Rd with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 120 Wellington 7 Rd day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Centre Wellington
Other 2–4 bed homes for sale in Centre Wellington around $800K.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings214Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 29 – Jul 28, 2026: prices up.
Based on 226 sales from Jul 28 – Oct 26, 2026 (128 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 120 Wellington 7 Rd
How much is 120 Wellington 7 Rd listed for?
120 Wellington 7 Rd is listed at $799,900 (MLS® X14116502). Summitly updates the price as soon as the MLS® record changes.
Is $799,900 a good price for 120 Wellington 7 Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Centre Wellington. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 120 Wellington 7 Rd changed?
No — 120 Wellington 7 Rd is still listed at its original asking price of $799,900.
How many bedrooms and bathrooms does 120 Wellington 7 Rd have?
120 Wellington 7 Rd has 2 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Centre Wellington.
How much would the monthly mortgage be on 120 Wellington 7 Rd?
About $3,930 a month — principal and interest on $799,900 with 20% down ($159,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 120 Wellington 7 Rd compare with other homes in Centre Wellington?
Its asking price of $799,900 is about 4% above the median sold price in Centre Wellington over the last 90 days, $771,750, across 226 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 120 Wellington 7 Rd been sold before?
Summitly has no earlier MLS® sale or lease of 120 Wellington 7 Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 120 Wellington 7 Rd?
120 Wellington 7 Rd is in Centre Wellington, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 120 Wellington 7 Rd been on the market?
120 Wellington 7 Rd was listed today (October 26, 2026).
What is the price per square foot of 120 Wellington 7 Rd?
About $533 to $727 per square foot: the asking price of $799,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 120 Wellington 7 Rd have parking or a garage?
Yes — the listing gives 7 parking spaces. Garage: Yes.
Does 120 Wellington 7 Rd have a basement, and is it finished?
The listing describes the basement as: Crawl Space.