Brand-new Granite-built home backing onto greenspace in Elora

Property details for 162 Harrison Street, Centre Wellington

Type: Residential
Bedrooms: 5
Bathrooms: 4
Lot Size: 77 x 98 FT
Stories: 2
Basement: Unfinished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Stone, Vinyl siding
Ownership: Freehold
Annual Taxes: $7,050

You're a five-minute stroll from downtown Elora's shops and bakeries, but this 2023 Granite-built home feels a world away. It looks out over protected greenspace, so your view from the big rear windows is all trees and grass. Exteriors mix dark modern board-and-batten with stone and timber, and there's a covered front porch. Inside, the foyer soars two storeys with a hickory staircase, and 10-ft ceilings with 8-ft doors carry the scale on the main floor. The kitchen has stone counters, extra-tall cabinets, a chimney hood fan, and champagne bronze hardware. There's a work-from-home nook off the entry, plus a proper mudroom and a powder room with stone counters. Upstairs, the primary suite faces the green space and comes with a huge walk-in closet and a spa-like ensuite with double sinks, a tiled shower, and a soaker tub. Two of the other three bedrooms have ensuite access too, which is rare for this price point. Other details: $180K in upgrades, 4 total bathrooms (1 partial), central air, and an unfinished basement with 9-ft ceilings and a rough-in for a fifth bath. The 77x98-ft lot includes a 4-car driveway and an attached garage. It's listed at $1,199,999, which is right around the neighborhood median of $1.2M. Recent sales here averaged $855K, so you're paying a premium for new construction and the green belt lot. If you work in Guelph, it's a 20-minute commute.

About 162 Harrison Street, Centre Wellington — Property Score

Great Location Feature Rich

Score: 61/100

Value

Priced 33.3% above area median of $899,900 based on 89 comparable properties nearby 20

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

4 bathrooms - 1 more than similarly priced properties nearby 72

7,546 sqft lot - a generous lot for the area 78

Location

$106K median household income - above the Canadian average of $70K 83

79% of residents hold postsecondary credentials - a highly educated neighbourhood 87

92% homeownership rate - indicating a stable, owner-occupied community 95

70% of residents commute under 30 minutes - excellent commuter accessibility 86

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

Market

Just listed - area average is 58 days on market 100

-3.1% median price change over 1 month - declining prices in the area 35

26.5 months of housing supply - 106 active listings with 4 sold last month (buyer's market) 40

Features

4-car garage - area average is 6 spots 95

Unfinished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.59% effective tax rate ($7,049/yr) - very low tax burden 82

-13.8% area price change year-over-year - significant price correction in Centre Wellington 1

8% renter population - primarily owner-occupied area 39

Quality

Condition

Listing

45 photos provided - 10% more than the area average of 41 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* 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.