331 - 118 Preston Street
Wellington North, ON
- 3 bed
- 1 bath
- approx. 1000-1199 sqft
- Condo Apartment
- 73 days on market
Looking to break into homeownership without stretching your budget? This bright, well-maintained 3-bedroom, 1-bath condo offers an incredible opportunity to own your first home in the peaceful community of Arthur. Whether you're a first-time buyer, downsizing, or simply looking for an affordable place to call your own, this home checks all the right boxes. Step inside to a functional layout with comfortable living spaces, then unwind on your own private balcony surrounded by mature, leafy trees. It's the perfect place to enjoy your morning coffee, read a book, or simply take in the quiet surroundings after a long day. One of the best features? The monthly condo fees include heat, hydro, and water, helping make your monthly expenses more predictable and budget-friendly. That's one less thing to worry about as a homeowner. Located in a quiet neighbourhood, you'll enjoy the charm of small-town living while staying within easy commuting distance-just 40 minutes to Guelph and 30 minutes to Orangeville. Homeownership doesn't have to feel out of reach. Sometimes the perfect first home isn't the biggest or the fanciest-it's the one that fits your lifestyle, your goals, and your budget. If you've been waiting for the right opportunity to stop renting and start building equity, this could be the one. Let's book your private showing and see if it feels like home.
Listing Details
- Taxes (2025)
- $1,541
- Originally Listed
- $349,000
- Listed
- July 8, 2026
Price History
Property
- Style
- Multi-Level
- Construction
- Brick
- Interior
- None
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 1
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- Smith St. (Highway 6)
- Parcel Number
- 719970031
- Possession
- Flexible
- Occupancy
- Owner
Condo
- Maintenance Fee
- $903/month
- Fee Includes
- Heat Included, Hydro Included, Common Elements Included, Water Included, Parking Included, Building Insurance Included
- Pets
- Yes-with Restrictions
- Locker
- None
- Balcony
- Open
Included
- Inclusions
- REFRIGERATOR, MICROWAVE, STOVE
Schools
Elementary
- Arthur Public School0.5 km
Public · Upper Grand DSB · 435 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 43% met the provincial standard
- St John Catholic School, Arthur School1.3 km
Catholic · Wellington CDSB · 240 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 35% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N0G
- Population
- 86,935
- Private dwellings
- 35,896
- Median age
- 40.8
- Average household size
- 2.6
- Median household income
- $83,000
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 Condo & Other in Wellington North · last 12 months
- Median sold price
- $558,500
- Homes sold
- 188
- Median days on market
- 46
- Sale-to-list price
- 96.0%
Based on 188 recorded sales of residential condo & other properties in Wellington North over the last 12 months.
Rooms
3-piece on Main
Main
- Bedroom12'5" x 10'9"
- Bedroom13'5" x 10'10"
- Bedroom12'5" x 10'9"
- Dining Room8'11" x 10'8"
- Kitchen10'8" x 9'
- Living Room22'8" x 10'10"
Listed by
CENTURY 21 FIRST CANADIAN CORP
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$59,800
Estimated Monthly Payment
$1,469
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: $1,469/mo (20% down, 5.5%)
Taxes: $128/mo · Insurance: $75/mo
Maint: $903/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?