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$450,000
Wellington North
129 Elgin Street South, Wellington North (Mount Forest), Ontario, N0G2L1
This multi-family property in Wellington North is for sale offering roughly 2,750 sq ft of space.
Attention investors and first-time home buyers! This side-by-side duplex presents an excellent opportunity to build equity and generate income. Live in one unit while renting the other to help offset your mortgage, or add a solid investment property to your portfolio with room for future growth. Designed for easy ownership and management, each unit offers separate living spaces, individual driveways, and private yard areas, providing added convenience and privacy for tenants. Both units feature three bedrooms, while one unit also includes the added benefit of a convenient 2-piece bathroom. Constructed with durable yellow brick, this property is ideally located within walking distance of downtown amenities, schools, and the laundromat, making it an attractive option for tenants and owner-occupants alike. Whether you're looking to get started in real estate investing or searching for a home that helps pay for itself, this duplex is a fantastic opportunity with plenty of potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 127 days on market, against an average age of 88 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 76 days on the market over the past year, against a median of 48 days across the markets we publish.
This 6-bed multi-family in Wellington North (Mount Forest) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $450,000, about 5.4× the local median household income of $83,000.
Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 6% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0G)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.