We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
516 FIFTH STREET N
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
2
Baths
1
Sqft
—
Year
—
Type
Single Family
On market
28d
Lovely lakefront living on Lake Belwood - four seasons of cottage country fun just 1 hour from the GTA, and minutes from Fergus, Elora, Guelph, Kitchener-Waterloo, and Hwy 401. This FULLY WINTERIZED property is a turnkey alternative to more distant cottage areas. Inside, a bright open-concept living space features vaulted ceilings, whitewashed pine walls, exposed wood beam accents, luxury vinyl hardwood-look flooring, and large windows capturing peaceful lake views. The Pacific Energy wood stove adds classic cottage warmth, while the updated kitchen showcases white shaker cabinetry, butcher block countertops, stainless steel appliances, and a stylish tile backsplash. Two comfortable bedrooms, a 3-piece bathroom with heated floor, and a 2023 heat pump/air conditioner complete the interior. Outside, an expansive deck with metal-roof gazebo and privacy curtains is made for entertaining. The slightly sloped lot offers direct waterfront access and a private dock. A detached 3-season 380 sq ft bunkie provides flexible guest space, along with a second deck, two 10x10 storage sheds, and ample parking. Walking distance to Belwood village, a restaurant, public boat launch, and the beloved Belwood Country Market - home of Wellington County's finest butter tarts. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Centre Wellington (Belwood). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.