$724K · 3 bed Condo Townhouse · Elora/Salem, Centre Wellington

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About this home

Welcome to South River in Elora. Elora is not just a place to live. It is a community and a lifestyle. Welcome to this beautifully designed townhome built by highly regarded builder Granite Homes, located in the sought after South River community in one of Canada's most picturesque villages. Offering approximately 1,756 square feet of living space and more than $50,000 in upgrades, this home combines thoughtful design with modern comfort. Step inside to a bright open concept main floor designed…

Property details

MLS#

X13025144

Status

Buy Now

Beds

Baths

3 full, 0 half

Size

1600-1799

Style

2-Storey

Type

Condo Townhouse

Year built

—

Roof: Asphalt Shingle
Foundation: Poured Concrete
Property features: Arts Centre, Hospital, Library, School, Rec./Commun.Centre, River/Stream

Fireplace features: Electric, Living Room

Condo corp #: 286
Balcony: Open
Locker: None
Association amenities: BBQs Allowed, Visitor Parking
Fees include: Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Attached
Garage spaces: 1
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Waterfront: No
Exterior: Brick, Stone · Deck, Patio
Fronting on: —
Cross street: Harrison & Haylock
Basement: Unfinished, Walk-Out
Stories: 1
Utilities: —
Laundry: In Area
Interior: Air Exchanger, Auto Garage Door Remote, ERV/HRV, Floor Drain, On Demand Water Heater, Rough-In Bath, Sump Pump, Water Heater, Water Meter, Water Purifier, Water Softener, Water Treatment
Parking features: Private

Level	Room	Dimensions
Main	Bathroom	2.64m × 1m
Main	Dining Room	3.72m × 2.53m
Main	Kitchen	3.89m × 3.29m
Main	Living Room	3.79m × 5.82m
Second	Bathroom	1.54m × 2.87m
Second	Bathroom	1.65m × 2.83m
Second	Bedroom	4.64m × 2.84m
Second	Bedroom	3.56m × 2.86m
Second	Primary Bedroom	3.71m × 4.32m

Level

Room

Dimensions

Main

Bathroom

2.64m × 1m

Main

Dining Room

3.72m × 2.53m

Main

Kitchen

3.89m × 3.29m

Main

Living Room

3.79m × 5.82m

Second

Bathroom

1.54m × 2.87m

Second

Bathroom

1.65m × 2.83m

Second

Bedroom

4.64m × 2.84m

Second

Bedroom

3.56m × 2.86m

Second

Primary Bedroom

3.71m × 4.32m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $724,000✓ $4,784 tax✓ Gas✓ 1600-1799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,866/mo

incl. closing costs (yr 1)

Annual total

$70,386

year 1

Mortgage only

$2,747/mo

principal + interest

Beyond mortgage

$1,748/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$144,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$399/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,700 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$7,240/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$26/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$10,955

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)47% $32,960/yr

Property taxes22% $15,739/yr

Utilities6% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance10% $7,240/yr

Condo fees5% $3,788/yr

Closing costs7% $5,100/yr

Mortgage is 47% of your true cost of ownership. The other 53% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$32,960	$2,747/mo
Government & taxes
Property tax	$4,784	$399/mo
Land transfer tax(closing)	$10,955	$913/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$7,240	$603/mo
Condo fees
Condo / HOA fees	$3,788	$316/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$70,386	$5,866/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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27 Hedley Lane

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