475 Forfar Street E,Centre Wellington, ON N1M 3H6
Centre Wellington, ON N1M 3H6
Description
2 self-contained units, separate hydro meters, the potential for strong rental income. Previously generating $2,800/month for the upper unit & $2,100/month for the lower unit. Whether you're looking to offset your mortgage, accommodate multi-generational living or just make $4,900 per month! Situated on a 50' x 130' lot with no sidewalk, this property enjoys a premium location facing a tranquil tree-lined and backing directly onto the Elora Trail & Forfar Park. The bright and spacious upper unit features 3 bedrooms and 1 full bathroom, complemented by large windows and skylights that fill the home with natural light. The expansive kitchen offers abundant counter space, newer appliances, in-suite laundry, and convenient access to the fully insulated garage. Step outside to the walkout deck overlooking the private backyard-perfect for relaxing or entertaining. The professionally finished lower level has been converted into a separate self-contained unit with its own walkout entrance to the backyard. Designed with comfort and style in mind, it features oversized windows, a full-size kitchen with stone countertops and a modern backsplash, a spa-inspired bathroom, & a spacious bedroom large enough to accommodate a king-size bed. Baseboard heating provides independent temperature control for added comfort during the winter months. Additional features include no carpet throughout, newer appliances, ample driveway parking, & the option to divide the backyard into separate outdoor spaces for each unit. For buyers seeking a single-family layout, the home can easily be converted back by removing one interior wall, allowing access between the upper and lower levels. An outstanding investment opportunity with proven rental history, previously generating $2,800/month for the upper unit & $2,100/month for the lower unit.
Details
| MLS # | 40868314 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 42 |
| Listing Provided By | CENTURY 21 RED STAR REALTY INC BROKERAGE | Mark Persaud |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,047 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | S_F |
| Acreage | 0.15 |
Interior
| Appliances | Dishwasher, Dryer, Washer |
|---|---|
| Rooms Total | 11 |
| Interior Features | Central Vacuum |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Baseboard |
| Heating Yes / No | Yes |
Exterior
| Lot Features | Urban, Park |
|---|---|
| Construction Materials | Brick, Vinyl Siding |
| Roof | Asphalt Shing |
Parking
| Garage Spaces | 1 |
|---|---|
| Parking Features | Attached Garage |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | Yes |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 3617 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Wellington |
| City | Centre Wellington |
| Postal Code | N1M 3H6 |
| Area | Centre Wellington |
| Subarea | 52 Rural Centre Wellington East |
| Community Name | 52 Rural Centre Wellington East |
| Listing VS Median (in 52 Rural Centre Wellington East) | |
Price: $788,800 low | high Med: $664,400 sqft: 1,047 low | high Med: 1,183 $ / sqft: $753 low | high Med: $582 On site: 42 low | high Med: 67 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Wellington |
| City | Centre Wellington |
| Postal Code | N1M 3H6 |
| Area | Centre Wellington |
| Subarea | 52 Rural Centre Wellington East |
| Community Name | 52 Rural Centre Wellington East |
| Listing VS Median (in 52 Rural Centre Wellington East) | |
Price: $788,800 low | high Med: $664,400 sqft: 1,047 low | high Med: 1,183 $ / sqft: $753 low | high Med: $582 On site: 42 low | high Med: 67 | |
