Vacant Lot Wellington Rd 7 is a land in Centre Wellington, listed for $499,900.
1A rare opportunity to build your dream home on a private, mature 0.84-acre lot just outside Elora on Wellington Road 7.
2Known for quality custom homes throughout Centre Wellington, Pinestone Construction can assist if needed with everything from design and planning through construction and finishing selections.
3Enjoy the best of country living with the Grand River, Elora Gorge, trails and outdoor recreation all nearby.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Centre Wellington
About Vacant Lot Wellington Rd 7
A rare opportunity to build your dream home on a private, mature 0.84-acre lot just outside Elora on Wellington Road 7. Tucked well back from the road down a long driveway and surrounded by established trees, this beautiful property offers privacy and a peaceful country setting just minutes from the shops, restaurants, cafés and amenities of Elora and Fergus.Pinestone Construction has completed renderings for the property and is ready to consult with buyers or bring the vision to life with a custom build. Known for quality custom homes throughout Centre Wellington, Pinestone Construction can assist if needed with everything from design and planning through construction and finishing selections. Enjoy the best of country living with the Grand River, Elora Gorge, trails and outdoor recreation all nearby. Bring your own plans or explore the existing vision-an exceptional opportunity to create a custom home in one of Centre Wellington's most sought-after areas.
Centre Wellington land priced at $499,900 — book a tour to see if it fits your search.
Inside Vacant Lot Wellington Rd 7
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
Vacant Lot Wellington Rd 7 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$2,456
/mo
based on the purchase price of $499,900
$99,980 cash
$399,920 financed
$336,838 total interest
Principal54%$399,920
Interest46%$336,838
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 homes for sale in Centre Wellington around $500K.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings210Homes for sale here right now.
Median vs prior 90 days+2.0%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 224 sales from Jul 25 – Oct 23, 2026 (124 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About Vacant Lot Wellington Rd 7
How much is Vacant Lot Wellington Rd 7 listed for?
Vacant Lot Wellington Rd 7 is listed at $499,900 (MLS® X13690424). Summitly updates the price as soon as the MLS® record changes.
Has the price of Vacant Lot Wellington Rd 7 changed?
Yes — it was first listed at $549,900 and is now $499,900, a drop of $50,000 (9.1%).
How many bedrooms and bathrooms does Vacant Lot Wellington Rd 7 have?
The listing for Vacant Lot Wellington Rd 7 doesn't publish its bedroom and bathroom count. It is a lot in Centre Wellington.
How much would the monthly mortgage be on Vacant Lot Wellington Rd 7?
About $2,456 a month — principal and interest on $499,900 with 20% down ($99,980), 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 Vacant Lot Wellington Rd 7 compare with other homes in Centre Wellington?
Its asking price of $499,900 is about 36% below the median sold price in Centre Wellington over the last 90 days, $777,450, across 224 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 Vacant Lot Wellington Rd 7 been sold before?
Summitly has no earlier MLS® sale or lease of Vacant Lot Wellington Rd 7 on record from the last two years. Older records aren't shown under TRREB rules.
Where is Vacant Lot Wellington Rd 7?
Vacant Lot Wellington Rd 7 is in Centre Wellington, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has Vacant Lot Wellington Rd 7 been on the market?
65 days — Vacant Lot Wellington Rd 7 was listed on August 19, 2026.
What is the lot size of Vacant Lot Wellington Rd 7?
The lot is 25.995 acres, as published in the listing.
What is the land transfer tax on Vacant Lot Wellington Rd 7?
About $6,473 in Ontario land transfer tax at the asking price of $499,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of Vacant Lot Wellington Rd 7 or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for Vacant Lot Wellington Rd 7?
The listing for Vacant Lot Wellington Rd 7 doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Centre Wellington.
