239-249 Main Street, Wellington North, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Mount Forest. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,395,000 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.
- 11 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 58 x 236 ft lot
- Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available
- Notable attributes: Water Softener
- equipped with wall unit(s) central cooling and highly efficient heat pump heating via gas
Description
Looking for a maintenance free investment? This sixplex is definitely worth a look! Offering a solid return, this investment property is comprised of five 2 bed 1 bath units and one 1 bed 1 bath. Units are a mix of fully renovate and brand new, all with with their own laundry. Boasting a new metal roof, electrical and plumbing throughout which have all been renovated within the last 6 years.
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Property Summary
This multiplex located at 239-249 Main Street, Wellington North is currently for sale and has been available on SousaSells for 164 days. This property is listed at $1,395,000 with an estimated mortgage of $4,643* per month. It has 11 beds, 6 bathrooms, and is 3500-5000 square feet. 239-249 Main Street, Wellington North is in the Mount Forest neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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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 239-249 Main Street N, 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 $1,395,000 in Wellington North, the legal minimum down payment is $279,000 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 $24,375 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 $24,375.
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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.