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475 FORFAR STREET E, Centre Wellington (Fergus) — listed at $788,800. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.73 x 3.12 meters |
| Bedroom | Basement | 2.7 x 5.09 meters |
| Kitchen | Main level | 4.15 x 3.12 meters |
| Dining room | Main level | 3.52 x 1.67 meters |
| Bathroom | Main level | 2.24 x 1.5 meters |
| Bedroom | Main level | 3.91 x 3.33 meters |
| Primary Bedroom | Main level | 5.55 x 3.33 meters |
| Bedroom | Main level | 3.52 x 2.56 meters |
| Living room | Basement | 5.72 x 3.03 meters |
| Kitchen | Basement | 3.49 x 3.81 meters |
| Bathroom | Basement | 1.22 x 2.76 meters |
How is the space laid out across floors?+
This is a 2-storey single family. The 4 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Could this work as an investment property?+
The basement description mentions: Partially finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Centre Wellington (Fergus) before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,617, heating is baseboard heaters, forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 475 FORFAR STREET E a good fit for a growing family?+
With 4 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 6 spaces — Attached Garage, Garage.
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