475 Forfar Street E, Centre Wellington
2 self-contained units, separate hydro meters, the potential for strong rental income. Previously generating $2,800/month for the upper unit & $2,100/month for the lower unit. Whether you're looking to offset your mortgage, accommodate multi-generational living or just make $4,900 per month! Situated on a 50' x 130' lot with no sidewalk, this property enjoys a premium location facing a tranquil tree-lined and backing directly onto the Elora Trail & Forfar Park. The bright and spacious upper unit features 3 bedrooms and 1 full bathroom, complemented by large windows and skylights that fill the home with natural light. The expansive kitchen offers abundant counter space, newer appliances, in-suite laundry, and convenient access to the fully insulated garage. Step outside to the walkout deck overlooking the private backyard-perfect for relaxing or entertaining. The professionally finished lower level has been converted into a separate self-contained unit with its own walkout entrance to the backyard. Designed with comfort and style in mind, it features oversized windows, a full-size kitchen with stone countertops and a modern backsplash, a spa-inspired bathroom, & a spacious bedroom large enough to accommodate a king-size bed. Baseboard heating provides independent temperature control for added comfort during the winter months. Additional features include no carpet throughout, newer appliances, ample driveway parking, & the option to divide the backyard into separate outdoor spaces for each unit. For buyers seeking a single-family layout, the home can easily be converted back by removing one interior wall, allowing access between the upper and lower levels. An outstanding investment opportunity with proven rental history, previously generating $2,800/month for the upper unit & $2,100/month for the lower unit. (id:1945)
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Property details for 475 Forfar Street E, Centre Wellington
- Type
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Lot Size
- 50 x 130 FT
- Stories
- 2
- Basement
- Partially finished, Separate entrance, N/A, N/A
- Parking
- Attached Garage, Garage
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- None
- Exterior
- Brick, Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $3,617
Nearby Listings Stat
Estimated price and comparable properties near 475 Forfar Street E
Active Listings
4
Min Price
$775,000
Max Price
$8,500,000
Avg Price
$2,715,925
Days on Market
38
days
Sold Listings
4
Min Sold Price
$729,900
Max Sold Price
$849,900
Avg Sold Price
$794,900
Days until Sold
32
days
Neighbourhood Census Data
Centre Wellington, Ontario
Population
1,253
Median Age
36.5
Median Income
$44,390
Dwelling Value
$374,887
Housing Tenure
Owners 76%
Renters 23%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.7
Pop. Density: 609.0/km²
Avg Shelter Cost: $1,384/mo
Owners with Mortgage: 70.3%
Owners Spending 30%+: 13.5%
Tenants Spending 30%+: 63.6%
English only: 94.4%
English and French: 5.6%
Median Household Income: $89,984
Median Employment Income: $44,595
Price History
Listed
October 1, 2026
by CENTURY 21 RED STAR REALTY INC.
Current Price
$788,800
-4.8% from last change
Type
Residential
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $788,800 | $40,000 (-4.8%) |
| Oct 1, 2026 | $828,800 | Listed |
