475 Forfar St E, Fergus, ON

House

For Sale

Listed price in listed location currency (CAD).

$788,800

426

MLS® 40868314

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size 1047 sqft

Garage Yes

Taxes $3,617

Days Active 23

Lot Size

Approx. Age

Avg. Price Per Sqft $753

MLS® Number 40868314

Property Address: 475 Forfar St E, Fergus, ON, N1M3H6

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number40868314

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

BasementPartial, Finished

DrivewayAttached Garage

Garage Spaces

HeatBaseboard

A/CCentral Air

Extras

Dishwasher, Dryer, Washer, 2 Fridges, 2 Stoves, 2 Over The Range Microwaves, 2 Dishwashers, 2 Washers, 2 Dryers, Water Softener

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $685,000 and $841,000.

Similar properties in this area sold on average for: $685,857

Expected to sell in 7 days. Similar properties sold in 30 days. This home has been on Zoocasa for 23 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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