5 days on Market

261 Colborne St, Centre Wellington, Ontario N0B 1S0

Detached
4 + 2
3
~1500-2000 sqft
$1,175,000
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Detached
4 + 2
3
~1500-2000 sqft

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Highlights

Property Estimate

Days on market5 days

Estimated valueNot available

Price/Sqft$685/sqft

Monthly cost

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Description

Experience the perfect blend of historic charm and modern versatility at 261 Colborne Street - one of the area's original 1880 homesteads, set on an impressive 71 x 414 ft lot backing directly onto the Elora Cataract Trailway. Just a short 1 km stroll to downtown Elora, this property offers the rare combination of small-town convenience and private, country-like serenity. The main home features 4 spacious bedrooms upstairs, including a generous primary with double closets, along with a 4-piece bathroom on the upper level. The main floor offers a bright eat-in kitchen filled with natural light, a cozy rear living room with walkout access to the deck and backyard, and a convenient 3-piece bathroom - ideal for guests or everyday family living. Downstairs, you'll find a fully self-contained 2-bedroom basement apartment complete with its own kitchen, full bathroom, and separate laundry - an ideal setup for multigenerational living, steady rental income, or short-term Airbnb rental potential. Outside is where this property truly shines. The massive, beautifully landscaped lot provides exceptional privacy in the warmer months, framed by mature trees and direct trail access. A heated detached workshop offers endless possibilities for hobbyists, small business owners, or additional storage, with ample room for future expansion. Generous parking easily accommodates multiple vehicles, guests, or recreational toys. Whether you're looking for a family home with income support, a savvy investment, or a private retreat just steps from downtown charm - this property delivers. Space. Privacy. Flexibility. A truly rare offering in Elora.


Property Details

Style2-Storey
View-
Age of property100+
SqFt~1500-2000 SqFt
Lot Size29,674 SqFt(414.28 x 71.63)
Parking Spaces7
MLS ®NumberX12844206
Community NameCentre Wellington
Data SourceTRREB
Listing byRE/MAX Real Estate Centre Inc

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Fin W/O

Main Floor

Dining

5.94 x 2.51

Kitchen

6.99 x 2.64

Living

4.68 x 5.69

Bathroom

2.86 x 2.02

3 Pc Bath


Features

Lot size: 29,674 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 6

Total parking spaces 7


Property History

Mar 4, 2026
ListedActive
$1,175,000
5 days on market
history photo preview37
Listing by trreb®
Property listed by RE/MAX Real Estate Centre Inc, Brokerage
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Market Data - Centre Wellington

Geo Zone Map ThumbnailCentre Wellington

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

52 days

Compared to

2025

40 days

2024

42 days

2023

26 days

New Listings

Past 30 days

64 listings

Compared to

2025

68 listings

2024

77 listings

2023

80 listings

Units sold

Past 30 days

28 units

Compared to

2025

30 units

2024

57 units

2023

36 units

Median Sold Price

Past 30 days

$861,000

Compared to

2025

$820,000

2024

$842,000

2023

$894,950


Population and Demographics

Overview

Total population 31158
Average household income $139,569

Age (%)

0 to 19
23%
20 to 34
16%
35 to 49
18%
50 to 64
21%
65 and plus
22%

Household composition (%)

Single family
74%
Single person
24%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
93%
Others
5%
Dutch
1%

House tenancy (%)

Owners
81%
Renters
19%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget