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$1,175,000Asking Price

261 Colborne Street, Centre Wellington, ON N0B 1S0

Elora/Salem, Centre Wellington

Detached
4 + 2
Bedrooms
3
Baths
7
Parking
Days on Market

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.

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Tour this home:

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.

Key Info

  • 2-Storey Detached
  • 6-Car Driveway
  • 1-Car Detached Garage
  • Metcalfe St & Colborne St
  • 1500-2000 Approximate Sq Feet
  • 100+ Years Approximate Age
  • Basement Apartment
  • 2 + 1 Kitchens
  • Forced Air Gas Heating
  • Central Air

Property

  • Lot Size 71.63 x 414.28 Feet
  • .50-1.99 Acreage
  • Brick/Vinyl Siding Exterior
  • Taxes were $5,890 in 2025
  • Possession: Flexible

Details

  • No Fireplace
  • No Family Room
  • Sewers
  • Municipal Water
  •  
  • MLS #X12844206
  • RE/MAX Real Estate Centre Inc

Extras

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'
Washroom1 3-Piece Bathroom on Main Floor
Washroom1 4-Piece Bathroom
Washroom1 4-Piece Bathroom

Who lives here?

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.

Families

Kids Per Family

1.0

kids per family
in the neighbourhood.

Centre Wellington  (1.0)

Singles

35% of residents are
single and loving it.

35% singles

Centre Wellington (36%)

Renters

14% of residents
are renters.

14% renters

Centre Wellington (18%)

Education

31% of residents are
university grads.

31% university grads

Centre Wellington (26%)

Income

Average Household Income

$129K

is the average household
income in the neighbourhood.

Centre Wellington  ($118K)

Professions

Professions

Sales 13%
Trades 11%
Business 9%
Government 8%
Management 8%

Immigrants

9% of residents were
born outside of Canada.

9% immigrants

Centre Wellington (10%)

Birthplace - All

UK was once home to 3.9% of immigrants.
Netherlands 1.3%
Germany 0.7%
USA 0.6%
Ireland 0.5%

3.9% from UK
All-time

Birthplace - Recent

UK was once home to 0.4% of immigrants.
USA 0.1%
Other South America 0.1%
Southern Africa 0.1%

0.4% from UK
Recent

Foreign Languages

Foreign Languages

German 2%
Dutch 1%
French 1%

Religions

Religions

Christian 76%