497 Forfar Street E, Centre Wellington

$775,000
497 Forfar Street E

$775,000

New
22d
DetachedBungalow-Raised

497 Forfar Street E, Centre Wellington

Total Monthly Obligation $3,840

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
22d
Yield
5.0%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-X13855238
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-51 × 130 ft
Listed on site-Oct 1, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$4,068.8 (2026)
Parking-5 - Attached
Basement-Finished with Walk-Out, Separate Entrance, Full, Walk-Out, Finished
Heating-Forced Air (Gas)
Brokerage-Keller Williams Home Group Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Fergus
Title-Residential Freehold

No agent assigned

Welcome to 497 Forfar Street East, a well-cared-for raised bungalow offering a total of 2,113 sq ft of flexible living space, thoughtful updates and a mature corner setting in Fergus. The main level offers approximately 1,096 sq. ft. with three bedrooms and a bright, comfortable layout. An updated kitchen and bathroom, hardwood flooring and fresh paint give the home a welcoming, move-in-ready feel while still leaving opportunities for a new owner to make it their own. What really sets this home apart is the versatility of the lower level. Fully above grade kitchen with direct access to back yard, engineered flooring, additional bedroom and bathroom, this space is ideally suited to extended family, multigenerational living, older children or simply creating more room for everyday life. Outside, the mature corner lot offers established landscaping and a sense of privacy that can be difficult to replicate in newer neighbourhoods. The park behind and access the the Elora/Cataract trail are a bonus. An attached single-car garage, driveway parking for approximately four vehicles and a storage shed add everyday convenience. With three bedrooms on the main level, flexible lower-level living space, an attached garage and a mature setting, 497 Forfar Street East offers a combination of features that can appeal to buyers looking for both comfortable everyday living and room to adapt as their needs change. A wonderful opportunity to make your next move in Fergus.

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Closing Costs

Mortgage Amount
$620,000
Land Transfer Taxes$11,975
Legal Fees (Est.)
$
Total cash required for closing$168,475

Total Monthly Obligation

$3,840/mo
Mortgage $3,126
Monthly Loss $3,018
Principal$823
Interest$2,303
Property Tax$339
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 497 Forfar Street E

Time

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