$788,800
Est. payment $3,493/moCalculate yours
475 FORFAR Street E, Centre Wellington, ON N1M 3H6
Fergus, Centre Wellington, ON N1M 3H6
- 3 + 1 Beds
- 2 Baths
- 1 Garage
- 700 Sq Ft
Listing courtesy of CENTURY 21 RED STAR REALTY INC. MLS® X13851480
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 31-50
- Size
- 700 sqft
Interior
- Bedrooms
- 3 + 1
- Bathrooms
- 2
- Kitchens
- 2
- Total Rooms
- 7
- Basement
- Separate Entrance, Partially Finished
Building & Systems
- Heating
- Baseboard (Gas)
- Cooling
- None
- Exterior
- Vinyl Siding, Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 130 Feet
- Parking
- Attached garage · 6 total
- Zoning
- res
Financial
- Property Taxes
- $3,617 (2025)
Location
- Neighbourhood
- Fergus
- Cross Street
- Gartshore to Forfar
- Direction Faces
- North
Listing
- MLS® Number
- X13851480
- Days on Market
- 17
- Listed On
- 2026-10-01
- Possession
- TBD /
- Listed By
- CENTURY 21 RED STAR REALTY INC.
Rooms
Features
Interior
- Central Vacuum
Property
- Fenced Yard
Pool
- None
- Included
- 2 fridges, 2 stoves, 2 over the range microwaves, 2 dishwashers, 2 washers, 2 dryers, water softener
- Excluded
- All staging items and window coverings.
- Rental items
- Hot Water Tank
Mortgage calculator
Estimated mortgage payment
$3,493 per month
- Principal and interest
- $3,493
- Property tax
- $301
- Condo fees
- $0
- Estimated monthly cost
- $3,794
Your mortgage
- Mortgage amount
- $631,040
- Mortgage insurance
- Not needed
- Interest over 25 years
- $416,751
Cash to close
- Down payment
- $157,760
- Land transfer tax
- $12,251
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $170,011
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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