129 Elgin Street, Wellington North, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey duplex located in the coveted neighborhood of Mount Forest. Expertly crafted featuring premium brick and other construction, this residence presents an exceptional opportunity offered at $550,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 56.4 x 230 ft lot
- Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient forced air heating via gas
Description
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.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Library, Park, Place Of Worship, School, Rec./Commun.Centre
Interior Features
Water Heater
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 129 Elgin Street S, Wellington North, ON N0G 2L1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Wellington North, ON
For a property listed at $550,000 in Wellington North, the legal minimum down payment is $30,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,475 for this transaction. As this listing is in Wellington North (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.