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Renanza Realty
For sale

370 FORFAR Street E

Fergus, Ontario

MLS® 40876238

$850,000

Status
Active
Property type
Multi-family
MLS® number
40876238
Bedrooms
5
Bathrooms
3
Year built
1956

Listing description

Ask anyone in Fergus and they will tell you the best streets are the ones where you can leave the car at home. Forfar Street East is one of them. A short stroll takes you into downtown, with its shops and cafes, and that is only the beginning of the story.

This legal duplex started life in 1956 as a modest bungalow. In 2023 it was rebuilt with a second storey, creating two stacked, self-contained units, each with a feel all its own. Step onto the main level and picture yourself settling in.

About 900 sq ft and 2 bedrooms, with a private deck made for morning coffee and slow summer evenings. It is vacant and ready for you, whether you plan to live here or lease it out. Below, the basement holds shared laundry and a bathroom rough-in, with room to finish more living space for the main floor owner as your needs grow.

Upstairs, the 3 bedroom unit spans about 1,230 sq ft with a private deck of its own and room for a growing family, a long-term renter or relatives who want to stay close. This is where the story gets interesting. Live on the main floor and let the upper help carry the mortgage.

Or hold the whole building as an investment and let both units work for you. An attached garage and driveway parking take care of the cars, and the lot, zoned R3, offers more outdoor room than you might expect this close to town. Daily life is easy here.

Victoria Terrace Public School is just down the street, with more schools nearby. Downtown Fergus and the Fergus Marketplace are within walking distance, Walmart is an easy walk, and the Sportsplex, Zehrs and Groves Memorial Community Hospital are minutes away. A legal duplex with room to live, lease, or hold.

Book a showing and see the opportunity.

Property summary

MLS® number
40876238
Property type
Multi-family
Building type
Duplex
Size
2,162 sq ft
Title
Freehold
Built in
1956
Annual property taxes
$3,504.00
Parking
5 spaces · Attached Garage
Days on market
0 days

Features & details

Heating
Forced air, Natural gas
Cooling
Central air conditioning
Basement
Unfinished, Full
Appliances
Water softener, Window Coverings
Exterior features
Vinyl siding

What would this home cost you?

Based on the $850,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,955 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Exp Realty, Kitchener.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.