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Home ON Centre Wellington
545 ELGIN Street
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545 ELGIN Street $769,999
7 days ago
$769,999
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545 ELGIN Street
Fergus, Ontario N1M2C1

MLS® Number: 40743465
5
Bedrooms
2
Bathrooms
1878
Square Feet

Listing Description

If you are looking for a Legal Duplex for income or simply a home with a great in-law suite, your search ends here. There is a significant demand for short term rentals in Fergus averaging $200/night which could potentially generate up to $40,000/year/unit. In a mature neighborhood with a healthy mix of young families and retirees, minutes to Historic downtown, a thriving arts scene, farmers market, entertainment, Elora Mills, Highland Games and much more. This home, with wide fenced backyard backing onto the ravine, mature trees including two fruit-producing ones (apple and pear). A open concept living room, diner and kitchen space, additional built-in cabinets in dining, new flooring in entryway and kitchen. There are three bedrooms on the main floor with large closets and also 2 closets in the hallway for additional storage. The lower level, with its own private entrance and walkout to a huge backyard, features 2 bedrooms, 1 bathroom and a large kitchen diner. The laundry facilities are in the basement, but outside the additional apartment. The roof was replaced in 2018 and the furnace in 2022. (69241553)

Location Description

Belsyde & Scotland

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
2
Square Footage
1878 sqft
Subdivision Name
53 - Fergus
Title
Freehold
Land Size
under 1/2 acre
Built in
1968
Annual Property Taxes
$4,807
Parking Type
Attached Garage
Time on REALTOR.ca
7 days

Building

Bathrooms
Total
2
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Paved driveway
Foundation Type
Poured Concrete
Rental Equipment
Water Heater
Total Units
2
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Community Features
Quiet Area
Amenities Nearby
Hospital, Place of Worship
Parking
Parking Type
Attached Garage
Total Parking Spaces
5

Measurements

Square Footage
1878 sqft
Above Grade Finished
962 sqft
Source: Other
Below Grade Finished
916 sqft
Source: Other

Land

Lot Features
Frontage
65 ft
Land Depth
125 ft
Other Property Information
Zoning Description
R1B
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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