Renovated bungalow on half-acre wooded lot near Wellesley

Property details for 2157 Gerber Road, Wellesley

Type: Residential
Style: Bungalow
Bedrooms: 2
Bathrooms: 2
Lot Size: 148 x 164 FT
Stories: 1
Basement: None
Parking: Detached Garage, Garage, RV
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Hardboard
Ownership: Freehold
Annual Taxes: $4,617

This is a 1,400 sq ft bungalow on a 0.49 acre lot, with 3 bedrooms and 1.5 bathrooms. Hardboard siding covers the exterior. Inside, you'll find a fireplace in the living room, plus a foyer, dining room, and kitchen on the main level. All bedrooms are on the ground floor, and there's a laundry room too. For heating, it's forced air with natural gas, and cooling comes from central air. The property sits on a slab foundation with no basement. Parking includes a detached 2-car garage plus RV space for 8 total spots. That lot measures 148 by 164 feet and backs onto a wooded conservation area. You're 0.8 km from Nith River Chop House restaurant, and Waterloo-Oxford D.S.S. is 9.7 km away. Municipal water and a septic system handle the utilities. Annual taxes are $4,617. It's priced at $799,000, which is below the nearby median of $812,000. Only 2 active listings are in the area. Location score? 82 out of 100.

About 2157 Gerber Road, Wellesley — Property Score

Hot Market Great Location

Score: 66/100

Value

Stable pricing - no price changes since original listing date 50

Size

2 bedrooms - 2 fewer than similarly priced 4-bedroom homes nearby 36

2 bathrooms - 1 fewer than similarly priced properties nearby 48

24,272 sqft lot - an oversized lot for the area 90

Location

$94K median household income - above the Canadian average of $70K 77

71% of residents hold postsecondary credentials - a highly educated neighbourhood 80

71% homeownership rate - indicating a stable, owner-occupied community 80

73% of residents commute under 30 minutes - excellent commuter accessibility 89

1,389/km² population density - a well-balanced suburban area 84

Market

Just listed - area average is 39 days on market 100

+18.5% median price change over 1 month - rising prices in the area 100

8 months of housing supply - 8 active listings with 1 sold last month (buyer's market) 55

Features

8-car garage - area average is 8.5 spots 95

None basement 30

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.58% effective tax rate ($4,617/yr) - very low tax burden 83

29% renter population - primarily owner-occupied area 65

Quality

Condition

Listing

32 photos provided - below 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.