$1,175,000Asking Price
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.
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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 22.93' x 8.66' | |
| 2 | Bathroom | Main | 9.38' x 6.63' | 3-PieceBath |
| 3 | Laundry | Main | 11.45' x 9.12' | |
| 1 3-Piece Bathroom on Main Floor | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
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Elora/Salem, Centre Wellington is a west GTA neighbourhood notable for its university grads, executives and business and education, law & public sector professionals. Residents tend to be older with a significant number of kids aged 10 to 14, youth aged 15 to 19, adults aged 40 to 59 and seniors aged 70 to 74.
Kids Per Family
1.0
kids per family
in the neighbourhood.
35%
of residents are
single and loving it.
35% singles
Centre Wellington (36%)
14%
of residents
are renters.
14% renters
Centre Wellington (18%)
31%
of residents are
university grads.
31% university grads
Centre Wellington (26%)Average Household Income
$129K
is the average household
income in the neighbourhood.
Professions
| Sales | 13% |
| Trades | 11% |
| Business | 9% |
| Government | 8% |
| Management | 8% |
9%
of residents were
born outside of Canada.
9% immigrants
Centre Wellington (10%)3.9% from UK
All-time
0.4% from UK
Recent
Foreign Languages
| German | 2% |
| Dutch | 1% |
| French | 1% |
Religions
| Christian | 76% |