5-Bed Bungaloft with Finished Basement Near Elora Gorge

Property details for 48 Harpin Way E, Centre Wellington

Type: Residential
Bedrooms: 5
Bathrooms: 5
Lot Size: 49.9 x 124.9 FT
Stories: 1.5
Basement: Finished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $7,246 (2026)

This bungaloft packs 5 bedrooms and 5 bathrooms into a smart 1.5-storey layout on a 49.9 x 124.9 ft lot. Throughout the main floor, you'll find hardwood, marble tile in the foyer and bathrooms, and a living room with vaulted ceilings and big windows. The kitchen features a waterfall quartz island and stainless appliances, with a breakfast area that opens to the dining space. You'll also find the primary suite with a 5-piece ensuite, a second bedroom, laundry, and a mudroom with direct garage access all on the main level. Upstairs, there's a third bedroom with its own 4-piece ensuite plus a family room that overlooks the main living area. The fully finished lower level adds two more bedrooms with ensuite access, a rec room, an office, and storage. Outside: a fully fenced backyard with a shed, and the lot is carpet-free. Two fireplaces, forced-air gas heat, central air. Parking for 2 in the attached garage. Taxes run $7,246 a year. You're 4 km from Centre Wellington District High School, 2 km to the Breadalbane Inn, and 4.2 km to Grand River Raceway. Median nearby price is $1,112,900 and this one asks $1,075,900. Sold prices nearby average $999,000, so there's room to negotiate.

About 48 Harpin Way E, Centre Wellington — Property Score

Great Location

Score: 64/100

Value

Priced 8.8% above area median of $989,000 based on 57 comparable properties nearby 57

Stable pricing - no price changes since original listing date 50

Size

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

5 bathrooms - 2 more than similarly priced properties nearby 84

6,233 sqft lot - a generous lot for the area 78

Location

$112K median household income - above the Canadian average of $70K 86

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

97% homeownership rate - indicating a stable, owner-occupied community 98

68% of residents commute under 30 minutes - excellent commuter accessibility 84

25/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

2-car garage - area average is 6 spots 80

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

2 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

0.67% effective tax rate ($7,246/yr) - below the Canadian average of ~1% 80

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

7% renter population - primarily owner-occupied area 38

Quality

Condition

Listing

50 photos provided - 19% more than 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.