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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale Listed 5 days ago

    57 Cutting Drive

    Elora/Salem·Centre Wellington, ON·N0B 1S0·Near York St E and Cutting Drive

    • 2 beds
    Centre Wellington real estate›X13561904
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    1 upcoming open house

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Sun, Jul 19
      2026-07-19T18:00:00.000-00:00 – 2026-07-19T20:00:00.000-00:00
      Public
    Walk through online
    Listing agent has provided two interactive tours
    Open virtual tour
    Overview

    What this listing tells us

    Property description

    Imagine Friday evening... You pull into the driveway of 57 Cutting Drive, instantly feeling the bustle of the week melt away. Nestled in the historic, enchanting village of Elora, this custom-built luxury 3200 sf bungalow isn't just a home-it's your Private Resort. The true magic happens when you step out back. Have you dreamed of having a low-maintenance POOL? Welcome to your personal backyard oasis. Enclosed by premium composite privacy fencing and framed by a backdrop of towering, mature pines, this yard offers rare, woodland tranquility. Spend hot summer afternoons floating in the 12' x 24' heated salt-water pool adjacent to upper sun deck and lower covered deck. Host unforgettable weekend BBQs spanning the covered deck and open sundeck, or lounge on the floating composite decking with a glass of wine. Step inside through large patio doors to the main level where upscale model-home aesthetic meets everyday warmth. Designed hand-in-hand with an interior designer, every finish speaks to sophistication. The heart of the daily routine centers around an airy, light-filled layout, leading to a serene primary retreat featuring a spa-inspired ensuite. With 1,600 sq ft on the main floor and a bright, professionally finished 1,485 sq ft lower level, there is boundless space for everyone. The lower level is a haven of its own, boasting a huge recreation room, gaming area, playroom, two additional bedrooms, and a sleek bath. Plus, with a separate entrance designed for a future walk-up, it's primed for multi-generational living or a premium in-law suite. Whether you're a couple seeking a peaceful retreat, a growing family wanting space to play, or the ultimate entertainer who loves hosting backyard pool parties, this property delivers an experiential lifestyle. Just minutes from the iconic Elora Gorge, boutique shops, and award-winning dining, you get unparalleled luxury and a true small-town community vibe. Cataract Trail is steps away. Your forever staycation starts here.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jul 14, 2026ListedCurrentFor sale$1,148,900 —X13561904This page
    Apr 15, 2026Previously listedTer$1,195,000 —X13003378View
    Jan 27, 2026Previously listedTer$1,248,000 —X12735524View
    Nov 28, 2025Previously listedTer$1,299,000 —X12586750View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Forced Air
      Air conditioning
      Central Air
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 57 Cutting Drive
    What's nearby

    Points of interest classified by the MLS® feed.

    • Golf
    • Greenbelt/Conservation
    • Hospital
    • Library
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $5,644
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $514
    0.54% mill rate · ON
    The market

    How this home sits in the Centre Wellington market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Centre Wellington market right now

    Average sold price, days on market, and closed-transaction count for Centre Wellington — sourced from MLS®.

    • Avg sold price
      —
      Last 30 days
    • Median sold price
      —
      Middle of the market
    • Days on market
      —
      Avg from list to close
    • Closed last 30d
      —
      MLS® transactions
    Full Centre Wellington market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 57 Cutting Drive — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 57 Cutting Drive and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 57 Cutting Drive listed for?

      57 Cutting Drive is listed at $1,148,900 on the MLS® (listing X13561904). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 57 Cutting Drive have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 3 baths
  2. 1500-2000 sqft
  3. Detached
  4. Asking
    $1,148,900
    $0 / sqft · MLS® X13561904
    Chat Zara
  5. Zara AI Estimate
    Live valuation

    Not enough neighbourhood comparable data yet to estimate this listing. Chat with Zara for a private valuation.

    Ask Zara
    Market analytics

    Live market data for Centre Wellington.

    Avg sold price
    —
    Median sold
    —
    Avg days on market
    —
    Recently sold
    —
    See comparable sales
    Watch video tour
    AI highlights by Zara
    • Spend hot summer afternoons floating in the 12' x 24' heated salt-water pool adjacent to upper sun deck and lower covered deck.
    • Host unforgettable weekend BBQs spanning the covered deck and open sundeck, or lounge on the floating composite decking with a glass of wine.
    • The heart of the daily routine centers around an airy, light-filled layout, leading to a serene primary retreat featuring a spa-inspired ensuite.
    • Whether you're a couple seeking a peaceful retreat, a growing family wanting space to play, or the ultimate entertainer who loves hosting backyard pool parties, this property delivers an experiential lifestyle.
    Ask Zara a follow-up
    Sewer
  6. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    2
    Parking spaces
    4
    Driveway
    Private Double
  7. Interior

    4
    Basement
    Finished, Full
    Family room
    Y
    Kitchens
    1
    Total rooms
    7
  8. Exterior & construction

    4
    Exterior
    Concrete, Brick
    Roof
    Asphalt Shingle
    Foundation
    Concrete
    Pool
    Inground, Salt
  9. Lot & land

    1
    Zoning
    R2.58.7
  10. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    Bungalow
    Property class
    Detached
  11. Room-by-room · 17 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    9 rooms
    • Laundry
      8.8 × 8.0 ft
    • Living Room
      fireplace · carpet free
      17.3 × 14.2 ft
    • Bedroom
      Walk-In Closet(s)
      13.0 × 13.3 ft
    • Bathroom
      4 Pc Ensuite
      13.1 × 5.4 ft
    • Foyer
      9.1 × 5.7 ft
    • Primary Bedroom
      walk-in closet(s) · carpet free
      20.9 × 12.5 ft
    • Bathroom
      4 Pc Ensuite
      9.0 × 7.3 ft
    • Dining Room
      w/o to deck · tile floor · carpet free
      13.5 × 12.0 ft
    • Kitchen
      stainless steel appl · double sink · open concept
      11.9 × 18.4 ft

    Basement level

    8 rooms
    • Office
      8.7 × 10.2 ft
    • Recreation
      20.7 × 24.3 ft
    • Bathroom
      3 pc bath · linen closet
      8.4 × 7.2 ft
    • Den
      9.3 × 13.1 ft
    • Bedroom
      13.6 × 13.1 ft
    • Cold Room/Cantina
      5.6 × 17.3 ft
    • Utility Room
      9.3 × 13.1 ft
    • Bedroom 2
      17.3 × 13.2 ft
  12. Park
  13. Rec./Commun.Centre
  14. Combined estimate
    $6,158
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $5,644
    /mo
    based on the purchase price of $1,148,900
    $229,780 cash
    $919,120 financed
    $774,140 total interest
    Monthly payment$5,644/ month
    Principal54%$919,120
    Interest46%$774,140

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Centre Wellington

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 360 Colborne Street
      Sold
      Sign in for price
      360 Colborne Street
      Detached
    • 273 Millburn Boulevard
      Sold
      Sign in for price
      273 Millburn Boulevard
      Detached
    • 103 McGowan Street
      Sold
      Sign in for price
      103 McGowan Street
      Detached
    • 735 Campbell Avenue
      Sold
      Sign in for price
      735 Campbell Avenue
      Detached
    • 74 FARLEY Road
      Sold
      Sign in for price
      74 FARLEY Road
      Detached
    • 184 Haylock Avenue
      Sold
      Sign in for price
      184 Haylock Avenue
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    57 Cutting DriveThis home2 / 315,002,000$1,148,900ask———
    360 Colborne Street3 / 2700—
    273 Millburn Boulevard4 / 21,100—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Centre Wellington

    Active listings within ±20% of this asking price.

    • 98 Rea Drive
      $999,000
      98 Rea Drive
      Detached 5 5
    • 201 McFarlane Crescent
      $990,000
      201 McFarlane Crescent
      Detached 4 4
    • 479 St George Street
      $996,900
      479 St George Street
      Detached 3 3
    • 123 REA Drive
      $979,900
      123 REA Drive
      Detached 4 4
    • 19 Dover Lane
      $999,900
      19 Dover Lane
      Detached 2 3
    • 19 Keating Drive
      $929,900
      19 Keating Drive
      Detached 5 4
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  15. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  16. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  17. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  18. Public listing courtesy of RE/MAX REAL ESTATE CENTRE INC. · displayed on Summitly per MLS® data-share rules

    57 Cutting Drive is a 2-bedroom, 3-bath, 1500-2000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  19. When was 57 Cutting Drive built?

    The year built for 57 Cutting Drive isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  20. What is the property tax for 57 Cutting Drive?

    The 'Property tax' tab in the History section shows the most recent annual tax for 57 Cutting Drive plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  21. How much would the monthly mortgage be on 57 Cutting Drive?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,148,900 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  22. Has 57 Cutting Drive been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 57 Cutting Drive with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  23. What neighbourhood is 57 Cutting Drive in?

    57 Cutting Drive is in Elora/Salem, Centre Wellington. The 'Neighbourhood' section below links to the live Centre Wellington real estate hub with average sold price, days on market, and current inventory.

  24. Is Centre Wellington a good place to live?

    Centre Wellington is one of ON's actively-tracked Summitly markets. The full Centre Wellington real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  25. 103 McGowan Street
    3 / 3
    1,100
    —
    735 Campbell Avenue3 / 31,500—
    74 FARLEY Road4 / 42,500—
    184 Haylock Avenue3 / 32,000—