Lakeside retreat with boathouse on Belwood Lake

Property details for 40 Third Line Road, Centre Wellington

Type: Residential
Bedrooms: 4
Bathrooms: 3
Stories: 2
Basement: Unfinished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Propane
Cooling: Central air conditioning
Exterior: Stone, Vinyl siding
Ownership: Leasehold
Annual Taxes: $6,558

This Wrighthaven-built lakefront on Belwood Lake is all about the water. You've got 2,500 sq ft over two levels, with 4 beds (one downstairs in the unfinished basement) and 3 baths. The main floor is where it happens: a great room with two-storey windows and a stone fireplace that opens to the kitchen via a two-way fireplace. Kitchen has stainless appliances, a big island with seating, and direct sightlines to the lake. Primary suite is on the main level with a walk-in closet and ensuite with walk-in shower. Upstairs, two more bedrooms, each with its own walk-in closet, plus a loft/den that looks over the great room. Above the garage, the bonus loft could be a media room or guest space. The attached boathouse is the real standout, plus a two-car garage and parking for 7 total. Outside, mature trees at the front give privacy, but the rear is all about the water. You're on leased GRCA land, so full-time living runs April 15 to Nov 15, and 10 days per month in the off-season. The unfinished basement (1,300 sq ft) has high ceilings, ready for your plans. Taxes run about $6,558 a year. Centre Wellington High School is 7.7 km away, and Fergus Aerodrome is just 3 km. Price is $1.6M, which lines up with the only other active listing nearby.

About 40 Third Line Road, Centre Wellington — Property Score

Feature Rich Hot Market

Score: 60/100

Value

Priced 74.9% above area median of $914,900 based on 90 comparable properties nearby 1

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

3 bathrooms - 1 fewer than similarly priced properties nearby 48

Location

$69K median household income - near the Canadian average of $70K 65

72% of residents hold postsecondary credentials - a highly educated neighbourhood 81

94% homeownership rate - indicating a stable, owner-occupied community 96

18% of residents commute under 30 minutes - longer average commute times 45

25/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 51 days on market 100

+103.3% median price change over 1 month - rising prices in the area 100

57.5 months of housing supply - 115 active listings with 2 sold last month (buyer's market) 40

Features

7-car garage - more than the area average of 5.9 spots 95

Unfinished, Full basement - adds valuable living space 85

standard forced air system 75

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

Waterfront, View - premium features that add significant value 80

Investment

0.41% effective tax rate ($6,557/yr) - very low tax burden 88

6% renter population - primarily owner-occupied area 37

Quality

Condition

Listing

50 photos provided - 19% more than the area average of 42 photos 92

5 of 7 key property details provided (71%) - good detail coverage 76

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.