$1,499,900
377 GEDDES STREET
Beds
5
Baths
4 full + 2 half
Sqft
—
Year
—
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Centre Wellington (Elora/Salem). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Discover an exceptional opportunity in the heart of Elora: two complete homes on one beautiful, treed lot,offering flexibility for multi-generational living, guest accommodations, or strong rental income. The StoneHouse blends heritage charm with modern updates and expansion opportunities. Recent improvementsinclude a fully renovated kitchen, updated bathrooms, new windows and doors, refreshed flooring,insulation upgrades, and a rebuilt chimney. A newer furnace (2023), A/C (2019), water heater (2025) and electrical panel (2020) provide peace of mind. The Coach House (Built 2024) offers stylish, lowmaintenance high efficiency living with beautiful LVP flooring throughout, a bright modern custom kitchen,upstairs laundry, and a spa-like bathroom. The cozy radiant floor heating throughout the main floor issimply perfect for the home. The fenced backyard and landscaped patio create an intimate outdoor retreat.A double garage provides a dedicated parking bay for each home. The property features professionallandscaping, mature trees, green space views across the road, paved driveway, new fencing, shared welland water systems, and full appliance packages in both homes. Houses are separately metered. Locatedjust a short walk to downtown Elora's restaurants, shops, and riverfront trails, this is a rare chance to livebeautifully close to nature and community. With estimated rental income of $3,000+ per month perdwelling, this property is both a lifestyle upgrade and a smart financial move. Two homes. One remarkablesetting. Endless possibilities. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Elora/Salem
- Condition
- Insulation upgraded
- Common interest
- Freehold
- Lot dimensions
- 70.3 x 131.8 FT
- Bedrooms
- 5 above grade
- Parking
- 6 total
- Stories
- 2
- On market
- Apr 24, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $5,634.99
- Zoning
- R
- Photos
- 50
- MLS#
- X13041196
- Area
- CENTRE_WELLINGTON_(ELORA/SALEM)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Community
Cash on cash
-6.39%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,181
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.