Welcome to 16 Water Street West - a solid well maintained sidesplit with a great layout - and located a short 5 minute stroll to Downtown Elora and everything it has to offer. The home itself offers 1,500 square feet of finished living space, featuring 3 bedrooms and 2 bathrooms. Hardwood floors in primary living area. And what really stands out here is the amount of natural light that steams through the home. Gas fireplace in living room. One of the highlights is the newer elevated deck out back which enjoys views of the downtown landscape including the Elora Mill. And the large lot here is simply amazing, with mature trees and tasteful hardscaping. The circular drive allows for easy in and out access onto the street - and extra room for parking. This property offers a lot of value at this price point.
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $636 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 16 Water St W
Every detail from the listing, in one place.
Type
Detached
Style
Sidesplit
Living space
1100-1500 sq ftas stated on the listing
Parking
7 spacesYes garage
Basement
Partially Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
7
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Sidesplit
Property class
Detached
16 Water St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14007608$699,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 16 Water St W 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
$3,438
/mo
based on the purchase price of $699,900
$139,980 cash
$559,920 financed
$471,600 total interest
Principal54%$559,920
Interest46%$471,600
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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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 2–3 bed homes for sale in Centre Wellington around $700K.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings213Homes for sale here right now.
Median vs prior 90 days+7.9%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 234 sales from Jul 15 – Oct 13, 2026 (119 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 16 Water St W
How much is 16 Water St W listed for?
16 Water St W is listed at $699,900 (MLS® X14007608). Summitly updates the price as soon as the MLS® record changes.
Is $699,900 a good price for 16 Water St W?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% 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 16 Water St W changed?
No — 16 Water St W is still listed at its original asking price of $699,900.
How many bedrooms and bathrooms does 16 Water St W have?
16 Water St W has 3 bedrooms and 2 bathrooms, 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 16 Water St W?
About $3,438 a month — principal and interest on $699,900 with 20% down ($139,980), 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.
Are there open houses at 16 Water St W?
Yes — Sunday, October 18, 12:00 PM – 2:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 16 Water St W compare with other homes in Centre Wellington?
Its asking price of $699,900 is about 11% below the median sold price in Centre Wellington over the last 90 days, $782,450, across 234 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 16 Water St W been sold before?
Summitly has no earlier MLS® sale or lease of 16 Water St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 16 Water St W?
16 Water St W is in Centre Wellington, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 16 Water St W been on the market?
16 Water St W was listed today (October 13, 2026).
What is the price per square foot of 16 Water St W?
About $467 to $636 per square foot: the asking price of $699,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 16 Water St W have parking or a garage?
Yes — the listing gives 7 parking spaces. Garage: Yes.
