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Ryan Schinker

ryan@soldbyschinker.com +1(519) 807-8485

Listed by Mark Persaud • CENTURY 21 RED STAR REALTY INC BROKERAGE

$ 788,800

Est. payment | -/mo

4 Beds

2 Baths

1,047 SqFt

Save Virtual Tour

$ 788,800

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

1,047 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,047 sqft

Price per Sqft $753

MLS Listing ID 40868314

Style Colonial

Bedrooms 4

Full Baths 2

Abv Grd Liv Area 1,047

Annual Tax Amount $3,617

Property Sub-Type Detached

Source Cornerstone

Property 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.

Location

State ON

County Wellington

Area Centre Wellington

Zoning S_F

Rooms

Basement Partial, Finished

Main Level Bedrooms 3

Kitchen 2

Interior

Interior Features Central Vacuum

Heating Baseboard

Cooling Central Air

Fireplace No

Appliance Dishwasher, Dryer, Washer

Exterior

Parking Features Attached Garage

Garage Spaces 1.0

Roof Type Asphalt Shing

Lot Frontage 50.0

Lot Depth 130.0

Garage Yes

Building

Lot Description Urban, Park

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Colonial

Level or Stories 2

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 713810014

Ownership Freehold/None

Virtual Tour https://propertysupnext.hd.pics/475-Forfar-St-E/idx

Nearby Locations

Ryan Schinker

Agent

+1(519) 807-8485 | ryan@soldbyschinker.com

475 Forfar Street E Centre Wellington, ON N1M 3H6

Ryan Schinker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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475 Forfar Street E