$1,215,000
57 CUTTING Drive
Elora, Ontario
4bed3bath3,104sqft
Ontario
Elora Real Estate
Browse homes for sale in Elora • Median $1,248,000
$1,248,000Median Price
30Avg Days on Market
6Detached4Condo
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About Elora Real Estate
Nestled along the Grand River, Elora is a charming village located in Wellington County, Ontario, known for its stunning natural beauty and vibrant arts scene. Historically, Elora was settled in the early 19th century, and its rich heritage is evident in the well-preserved limestone buildings that line its quaint streets. The town's name is derived from the Elora Gorge, a breathtaking natural formation that draws visitors year-round. Elora's unique character is defined by its blend of historic charm and contemporary creativity, making it a hub for artisans and entrepreneurs alike.
Elora is particularly appealing to those who appreciate the outdoors, as it offers an array of recreational activities, including hiking, kayaking, and cycling, all set against the backdrop of stunning landscapes. The Elora Gorge Conservation Area is a highlight for residents and visitors, providing opportunities for swimming, picnicking, and exploring the rugged trails. Additionally, the vibrant cultural scene is anchored by the Elora Centre for the Arts, which hosts various events, workshops, and exhibits, fostering a strong sense of community.
This small town is not only picturesque but also boasts a diverse population that contributes to a friendly and welcoming atmosphere. Elora's unique combination of natural beauty, artistic expression, and historical significance makes it an attractive destination for both residents and tourists, fostering a tight-knit community that values its heritage while embracing modern living. The blend of residential and commercial spaces, along with the commitment to preserving the local environment, enhances its appeal to various buyer types, from families to retirees seeking a peaceful yet active lifestyle.
16 active listings with a median price of $1,299,000.
Lifestyle & Community
Living in Elora offers a serene lifestyle characterized by a close-knit community and a strong appreciation for the arts and nature. Residents enjoy a slower pace of life, with local shops, cafés, and eateries providing a cozy atmosphere for socializing and relaxation. The community regularly hosts events such as the Elora Festival, which showcases local talents and attracts visitors from afar. The vibrant farmers' market is a highlight, bringing fresh produce and handmade goods to the community, fostering a sense of local pride and sustainability.
Local Amenities
- Elora Gorge Conservation Area
- Elora Centre for the Arts
- Local shops and boutiques on Mill Street
- Elora Farmers' Market
- Public library
- Community parks and trails
- Restaurants and cafés
- Yoga and wellness studios
- Historic sites and museums
- Public transit access
Points of Interest
- Elora Gorge
- Elora Mill Hotel & Spa
- Grand River Raceway
- Elora's Historic Downtown
- Bissell Park
- The Elora Festival
- The Elora Sculpture Project
- The Elora Quarry
- Local art galleries
Market Overview
The real estate market in Elora is currently experiencing a surge of interest, with 16 active listings and a median listing price of $1,299,000. Homes in this picturesque town typically spend an average of 30 days on the market, reflecting a competitive environment driven by demand. Buyers can expect to find a mix of historical properties and modern builds, appealing to various tastes and preferences. As the community continues to attract new residents, it's essential for buyers to act swiftly to secure their desired property in this vibrant area.
Investment Outlook
Elora presents promising investment opportunities, particularly for those interested in the rental market and vacation properties. With its growing popularity as a tourist destination, short-term rentals can yield substantial returns. Additionally, ongoing development trends indicate a steady appreciation in property values, making Elora a wise choice for long-term investments. The town's commitment to preserving its natural beauty and enhancing its amenities only adds to its attractiveness for future growth.
Ideal For
Elora is ideal for first-time homebuyers looking for a charming community, families seeking a safe and engaging environment, and retirees wanting a peaceful yet active lifestyle. Investors will also find opportunities in this lively market, especially with the area's appeal to tourists and vacationers.
Living in Elora
Lifestyle
Living in Elora offers a serene lifestyle characterized by a close-knit community and a strong appreciation for the arts and nature. Residents enjoy a slower pace of life, with local shops, cafés, and eateries providing a cozy atmosphere for socializing and relaxation. The community regularly hosts events such as the Elora Festival, which showcases local talents and attracts visitors from afar. The vibrant farmers' market is a highlight, bringing fresh produce and handmade goods to the community, fostering a sense of local pride and sustainability.
Local Amenities
Elora Gorge Conservation AreaElora Centre for the ArtsLocal shops and boutiques on Mill StreetElora Farmers' MarketPublic libraryCommunity parks and trailsRestaurants and cafésYoga and wellness studiosHistoric sites and museumsPublic transit access
Market Insights
The real estate market in Elora is currently experiencing a surge of interest, with 16 active listings and a median listing price of $1,299,000. Homes in this picturesque town typically spend an average of 30 days on the market, reflecting a competitive environment driven by demand. Buyers can expect to find a mix of historical properties and modern builds, appealing to various tastes and preferences. As the community continues to attract new residents, it's essential for buyers to act swiftly to secure their desired property in this vibrant area.
Investment Potential
Elora presents promising investment opportunities, particularly for those interested in the rental market and vacation properties. With its growing popularity as a tourist destination, short-term rentals can yield substantial returns. Additionally, ongoing development trends indicate a steady appreciation in property values, making Elora a wise choice for long-term investments. The town's commitment to preserving its natural beauty and enhancing its amenities only adds to its attractiveness for future growth.
Written with AI assistance using live MLS data, reviewed by our team.
Price Distribution
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$600K – $800K
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$800K – $1.0M
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$1.0M – $1.5M
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$1.5M – $2.0M
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$2.0M – $3.0M
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Explore More in Elora
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Frequently Asked Questions About Elora
There are currently 13 active residential listings in Elora. This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.