45 WELLINGTON ROAD 124
Erin, Ontario
MLS® X13615714
$888,111
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13615714
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- —
1 / 29Listing description
Invest in your future in the charming & growing community of Erin! Versatile income-generating property features 2 detached houses for a total of 3 separate above-grade apartments! Perfect for a multi-generational family or/ opportunity to supplement your mortgage by living in one unit & earning rental income from the others or/ cash flow from a fully tenanted investment and/or make plans to redevelop later -- lots of possibilities with a water main connection now at the roadside.
Enjoy the countryside feel while still being able to walk to shops & nearby trails. A rare opportunity to add a flexible, cash-flowing asset to your portfolio within an hour to GTA= Central location & long-term value with 2 detached houses, 2 natural gas furnaces, 2 separate electrical panels, 2 hydro meters, 2 septic systems, 2 hot water tanks (1 owned, 1 rented), well, UV system, heat pump, parking for 8+ cars on paved driveway. Fully rented!
Reach out for financials. Each apartment has it's own entrance, 2 bedrooms and 1 bathroom, kitchen, bright living room, outdoor patio area & 2 car parking for each. Bonus: Detached bungalow has it's own separate hydro meter, electrical panel, natural gas furnace, hot water tank, & laundry.
Granite countertops & large breakfast bar complimented w/ barn board in the kitchen w/ S/steel stove 2024, fridge & microrange'18. Plus, huge unfinished basement too! Bungalow Roof + Gas BBQ line'17.
UV system'18. Carpet free Bungalow - Bedroom 2 Flooring'18. There's more...
Separate Detached 2 storey Duplex w/ 2 separate apartments. Heat pump 2024. Luxury Vinyl flooring upper bedrooms'25.
Flooring in main floor living & bedrms'21, Laundry Rm Exterior Door & flooring'20. Chimney swept'25. Zoning R1-105 "Existing Single Detached Dwelling And A Duplex Dwelling On One Lot.
48 hrs needed for showings pls. This property offers excellent future potential as the area expands with it's surrounding prestigious estate properties + extra lot 711510447 included!
Property summary
- MLS® number
- X13615714
- Property type
- Multi-family
- Building type
- Other
- Land size
- 110 x 183 FT ; Additional lot + pin 711510447 included
- Annual property taxes
- $4,929.00
- Parking
- 8 spaces · No Garage
- Days on market
- 50 days
Features & details
- Heating
- Heat Pump, Forced air, Electric, Natural gas
- Basement
- Unfinished, Separate entrance, N/A, N/A
- Appliances
- Washer, Refrigerator, Stove, Range, Dryer, Water Treatment, Water Heater
- Exterior features
- Stone, Hardboard
- Lot features
- Wooded area
- Community features
- School Bus
What would this home cost you?
Based on the $888,111 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REAL BROKER ONTARIO LTD., Orillia.
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.