Set well back behind mature trees at the edge of Elora, this raised bungalow has been comprehensively renovated inside and out. The main level opens beneath a vaulted ceiling, where the living and dining areas flow into a custom kitchen anchored by a ten-foot quartz island with pot filler, quartz backsplash and a full Samsung appliance suite, while sliding doors lead out to the deck and the yard beyond. Two bedrooms sit on this level, the primary comfortably proportioned with its own walk-in closet. The lower level walks out to the garden and lives as a true second living space rather than a basement, with a soundproofed media room and fireplace at its heart, two further bedrooms, a private office and a full laundry room. Much of the more than $300,000 invested here is deliberately unseen. Electrical renewed throughout, plumbing entirely replaced, spray foam insulation to ceilings and basement, a water softener and whole-home filtration with dedicated drinking water at the kitchen, and every room hardwired for internet. Outside, the yard is set up for real use, with a gas-heated pool, a deck made for long summer evenings, a fresh gravel drive and walkway, 30-amp service for a trailer or boat, and provisions for a hot tub and EV charging. All of it minutes from downtown Elora, where the shops, restaurants and the Mill sit above the Grand River, with the Gorge trails just beyond and Fergus, Guelph and Waterloo Region an easy drive.
2 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $895 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 503 Wellington 7 Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow-Raised
Living space
1100-1500 sq ftas stated on the listing
Parking
10 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
10
Interior
Basement
Finished
Exterior & construction
Pool
Yes
Lot & land
Lot size (sqft)
15588.84
Listing & possession
Property style
Bungalow-Raised
Property class
Detached
503 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® X14102200$985,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 503 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
$4,839
/mo
based on the purchase price of $985,000
$197,000 cash
$788,000 financed
$663,703 total interest
Principal54%$788,000
Interest46%$663,703
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.
For homeowners nearby
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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 2–4 bed homes for sale in Centre Wellington around $985K.
Average days on market46Homes sold in about 46 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+3.6%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 231 sales from Jul 23 – Oct 21, 2026 (122 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 503 Wellington 7 Rd
How much is 503 Wellington 7 Rd listed for?
503 Wellington 7 Rd is listed at $985,000 (MLS® X14102200). Summitly updates the price as soon as the MLS® record changes.
Is $985,000 a good price for 503 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 503 Wellington 7 Rd changed?
No — 503 Wellington 7 Rd is still listed at its original asking price of $985,000.
How many bedrooms and bathrooms does 503 Wellington 7 Rd have?
503 Wellington 7 Rd has 2 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 503 Wellington 7 Rd?
About $4,839 a month — principal and interest on $985,000 with 20% down ($197,000), 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 503 Wellington 7 Rd compare with other homes in Centre Wellington?
Its asking price of $985,000 is about 26% above the median sold price in Centre Wellington over the last 90 days, $780,000, across 231 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 503 Wellington 7 Rd been sold before?
Summitly has no earlier MLS® sale or lease of 503 Wellington 7 Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 503 Wellington 7 Rd?
503 Wellington 7 Rd is in Centre Wellington, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 503 Wellington 7 Rd been on the market?
1 day — 503 Wellington 7 Rd was listed on October 20, 2026.
What is the price per square foot of 503 Wellington 7 Rd?
About $657 to $895 per square foot: the asking price of $985,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 503 Wellington 7 Rd have parking or a garage?
Yes — the listing gives 10 parking spaces. Garage: Yes.
Does 503 Wellington 7 Rd have a basement, and is it finished?
