Centre Wellington - Elora/Salem
Sold For$775,000
Listed For $649,900
Sold 7 months ago
Welcome to the heart of Elora, Ontario's most picturesque village. This historic and charming 3 bedroom home has exceptional investment potential. Strategically positioned on a 69' x 138' corner lot, just steps to downtown, it offers the savvy investor an incredible opportunity to build a legacy or capitalize on high-demand density. Build, Hold, or Sever - In a high-demand, high-income market, the property's value is in the land and the density upside. A Professional Feasibility Study is available outlining a clear path to significant profit. Explore a Minor Variance or pursue R2 Rezoning to sever this large parcel into two distinct lots. This allows for the construction of two detached or semi-detached dwellings, maximizing your return in a town with tight inventory. Alternatively, demoli
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