Private 1.5-Acre Bungalow with In-Law Suite Near Elora

Property details for 7689 Second Line, Centre Wellington

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 3
Lot Size: 200 x 325 FT
Stories: 1
Basement: Finished, Full, Apartment in basement, Walk-up, N/A, N/A, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Propane
Cooling: None
Exterior: Vinyl siding
Ownership: Freehold
Annual Taxes: $6,751 (2025)

This one's a rare find: a 1.5-acre lot right at the border of Elora and Fergus, with a 200-foot frontage. This bungalow packs 3,445 square feet total, with three beds and two baths upstairs. The main floor has an eat-in kitchen, separate dining room, and a sunroom that looks out over the yard. Vinyl siding outside, deck in back, shed with hydro. But the real kicker? The basement is a full one-bedroom apartment with its own entrance via the garage, kitchen, bath, and laundry. Perfect for in-laws or rental income. It's on a drilled well and septic, heated with propane, no A/C. Taxes run about $6,751 a year. You're 3 km from Centre Wellington District High School, 3-4 km from a few pubs and cafes, and 5 km from Grand River Raceway. Only two active listings nearby, median price $874K, so this at $1,049,000 is on the higher side, but the extra acreage and the apartment justify it. Zero homes sold in the last month, though, so you've got room to negotiate.

About 7689 Second Line, Centre Wellington — Property Score

Hot Market Great Location

Score: 66/100

Value

Priced 11.7% above area median of $939,450 based on 92 comparable properties nearby 52

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72

3 bathrooms - typical for similarly priced properties 60

65,000 sqft lot - an oversized lot for the area 90

Location

$73K median household income - near the Canadian average of $70K 67

84% of residents hold postsecondary credentials - a highly educated neighbourhood 92

80% homeownership rate - indicating a stable, owner-occupied community 86

57% of residents commute under 30 minutes - good commuting convenience 75

43/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

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

Finished, Full, Apartment in basement, Walk-up, N/A, N/A, N/A basement - adds valuable living space 85

standard forced air system 75

None 30

View - premium features that add significant value 60

Investment

0.64% effective tax rate ($6,751/yr) - below the Canadian average of ~1% 81

21% renter population - primarily owner-occupied area 56

Quality

Condition

Listing

39 photos provided - below the area average of 42 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.