516 Fifth Street
Centre Wellington, ON
- 2 bed
- 1 bath
- approx. 1100-1500 sqft
- Detached
- 129 days on market
Experience the best of Lake Belwood cottage life with this stunning four-season waterfront retreat, just 1 hour from the GTA and minutes from Fergus, Elora, Guelph, Kitchener-Waterloo, and Hwy 401. Buy early and be settled in before summer arrives, so you can enjoy every warm-weather moment on the lake. This fully winterized cottage offers a turnkey alternative to Ontario's more distant cottage destinations. Belwood Lake offers calm waters, scenic shoreline, and year-round recreation, while nearby Fergus and Elora add small-town charm, dining, shopping, and a vibrant calendar of festivals, concerts, and community events. Spend your days boating, paddling, swimming, or simply relaxing by the water, with cottage-country tranquility at your doorstep. Inside, a bright open-concept living area features vaulted ceilings, whitewashed pine walls, exposed wood beam accents, luxury vinyl plank flooring, and large windows framing 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 ideal for entertaining. The slightly sloped lot provides direct waterfront access and a private dock. A detached 3-season 380 sq ft bunkie offers 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. Get in before summer and spend the season making memories on the water. Discover the ultimate four-season retreat: a stunning lakeside property nestled within the Belwood Lake cottage community. An Annual Land lease of $3237 through GRCA.
Listing Details
- Taxes (2025)
- $1,701
- Originally Listed
- $759,000
- Listed
- May 11, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Age
- 31-50
- Construction
- Aluminum Siding, Board & Batten
- Roof
- Asphalt Shingle
- Foundation
- Unknown
- Interior
- Bar Fridge, Water Heater Owned
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Septic
- Heat Source
- Electric
Location & Legal
- Cross Street
- Smith Street to Belwood Sports Field
- Zoning
- CA
- Possession
- Flexible
- Occupancy
- Owner
Included
- Inclusions
- Refrigerator, Stove, Wine Cooler, Wood Stove and 2 20' aluminum docks from wholesale docks. Stainless Fridge and Stove 4 years old
- Exclusions
- 2 Gazebos 10x12 and 10x10
Waterfront
- Water Body
- Belwood Lake
- Shoreline
- Unknown
- Docking
- Marina
Community
Postal area N0B
- Population
- 86,919
- Private dwellings
- 31,269
- Median age
- 42.8
- Average household size
- 2.9
- Median household income
- $120,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Centre Wellington · last 12 months
- Median sold price
- $769,000
- Homes sold
- 476
- Median days on market
- 31
- Sale-to-list price
- 97.4%
Based on 476 recorded sales of residential freehold properties in Centre Wellington over the last 12 months.
Listed by
RE/MAX TWIN CITY REALTY INC.
Walk Score
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Location
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Mortgage Calculator
$129,980
Estimated Monthly Payment
$3,193
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,193/mo (20% down, 5.5%)
Taxes: $142/mo · Insurance: $162/mo
Estimates only. Consult a financial advisor.
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