1 / 2545 WELLINGTON ROAD 124
Erin, Ontario, N0B1T0
$924,111
Bedrooms
6
Bathrooms
3
Parking
8
About this property
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/ just cash flow from a fully tenanted investment or/ make plans to redevelop later -- lots of possibilities with a water main connection now at the roadside. This property offers excellent future potential as the area expands with it's surrounding prestigious estate properties. 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! You'll appreciate the central location & long-term value the area provides. Major Value Is Location + Current Set Up: 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. 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 - Bedrm 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. (id:66779)
Details
- Heating
- Heat Pump, Forced air, Electric, Natural gas
- List aor
- Toronto
- Stories
- 2
- Tax year
- 2,025
- Basement
- Unfinished, Separate entrance, N/A, N/A
- Utilities
- Electricity
- Appliances
- Water Treatment
- Directions
- Cross Streets: Delarmbro Drive/Main Street. ** Directions: Main street/52/9th line, South on 124, house on right past apartments and open fields.
- Fireplace
- Yes
- Lot features
- Wooded area
- Water source
- Bored Well
- Structure type
- Other
- Fireplaces total
- 1
- Parking features
- No Garage
- Tax annual amount
- 4,929
- Building features
- Separate Electricity Meters
- Exterior features
- Stone, Hardboard
- Community features
- School Bus
- Fireplace features
- Woodstove
- Foundation details
- Block
- Lot size dimensions
- 110 FT
- Bedrooms above grade
- 6
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