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Unit 506 at Elora Mill Residences

Sold

6523 Wellington 7 Road 506, Centre Wellington, ON N0B 1S0

MLS #X12479432

$3,050,000

Sold on March 19, 2026

March 19, 2026

Originally listed at $3,190,000 114 days on market

About This Property

Introducing The Terrace Penthouse the premier residence at The Elora Mill Residences, offering an unmatched blend of indoor elegance and outdoor Luxury. This one-of-a-kind home features an expansive 2,400 sq.ft. wraparound terrace, complete with open-air and covered spaces, anchored by a striking double-sided stone fireplace perfect for year-round entertaining and relaxation. Inside, you will find 2289 sq.ft of living space and over $400,000 in premium upgrades which elevate every detail. Soaring 10-ft custom ceilings, softly curved architectural walls, and a dramatic two-sided fireplace set a sophisticated tone throughout the open-concept living space. Designed with the entertainer in mind, this home includes a wet bar, butlers pantry, and a chefs kitchen equipped with top-tier Miele appliances, extra-tall custom cabinetry, and an oversized island with bar seating. The open dining space is perfect for both casual dining or entertaining. The layout offers exceptional flexibility, with a spacious bonus room ideal for a home office, formal dining room or additional bedroom. The primary bedroom suite is thoughtfully positioned for privacy, featuring a walk-in closet and spa-inspired ensuite with a soaker tub, oversized glass shower, dual vanities, and private water closet. A second bedroom is located in its own wing with its own ensuite and sitting area providing comfort for guests or family members. Additional highlights include a grand entry with 2 closets, powder room, full laundry room, two parking spaces, and storage locker. Residents of The Elora Mill Residences enjoy resort-style amenities, including concierge service, a lobby coffee bar, gym and yoga studio, furnished terrace with river views, and an outdoor pool with spectacular views of the river. Located just steps from Elora's top restaurants, cafés, galleries, and shops this penthouse offers an unparalleled lifestyle in one of Ontario's most charming communities.

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($914/mo). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$1,343/sqft
Elora/Salem
$695/sqft+93.2%
Centre Wellington
$550/sqft

Fair Market Price

Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 2375 sqft.

Property Details

Bedrooms

2

Bathrooms

3

Square Feet

2250-2499 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeNone
LockerYes
Heating TypeForced Air
Style1 Storey/Apt
Ensuite LaundryNo
Corp #TSCC-297
MLS Size2250-2499
Listed OnOct 22, 2025
Maintenance Fees$914/month
0

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Rooms

NameSize (m)Size (ft)Features
Living Room(Main)5.97 x 5.7919.6 x 19.0-
Living Room(Main)5.97 x 5.7919.6 x 19.0-
Living Room(Main)5.97 x 5.7919.6 x 19.0-
Dining Room(Main)2.54 x 5.698.3 x 18.7-
Dining Room(Main)2.54 x 5.698.3 x 18.7-
Dining Room(Main)2.54 x 5.698.3 x 18.7-
Kitchen(Main)3.43 x 5.6911.3 x 18.7-
Kitchen(Main)3.43 x 5.6911.3 x 18.7-
Kitchen(Main)3.43 x 5.6911.3 x 18.7-
Other(Main)2.13 x 2.017.0 x 6.6-
Other(Main)2.13 x 2.017.0 x 6.6-
Other(Main)2.13 x 2.017.0 x 6.6-
Den(Main)4.39 x 3.9914.4 x 13.1-
Den(Main)4.39 x 3.9914.4 x 13.1-
Den(Main)4.39 x 3.9914.4 x 13.1-
Primary Bedroom(Main)3.45 x 5.0811.3 x 16.7-
Primary Bedroom(Main)3.45 x 5.0811.3 x 16.7-
Primary Bedroom(Main)3.45 x 5.0811.3 x 16.7-
Bedroom(Main)3.56 x 3.6111.7 x 11.8-
Bedroom(Main)3.56 x 3.6111.7 x 11.8-
Bedroom(Main)3.56 x 3.6111.7 x 11.8-
Laundry(Main)3.12 x 1.6510.2 x 5.4-
Laundry(Main)3.12 x 1.6510.2 x 5.4-
Laundry(Main)3.12 x 1.6510.2 x 5.4-

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Unit 506 History

Complete transaction history for this unit

Expired

Listed: Jun 17, 2025

$3,400,000

92 days on marketSale
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Price History

Original List Price

$3,190,000

Listed on Oct 22, 2025

Sold Price

$3,050,000

Sold on Mar 19, 2026

-$140,000

-4.4%

114 days on market

Price History Available

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Available For Sale in This Building

OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameElora Mill Residences
Address6523 WELLINGTON Road, Centre Wellington
Parking TypeNone

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About Unit 506 at Elora Mill Residences

Unit 506 is a residential condo & other with 2 bedrooms, 3 bathrooms spanning approximately 2250-2499 square feet located at Elora Mill Residences, 6523 WELLINGTON Road, Centre Wellington. This unit is currently sold (sold for $3050K).

About Elora Mill Residences

Elora Mill Residences is located at 6523 WELLINGTON Road, Centre Wellington. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Elora/Salem Neighbourhood

This unit is located in Elora/Salem, part of Centre Wellington in the Wellington area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at Elora Mill Residences, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

Keywords: Unit 506 Elora Mill Residences Centre Wellington

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