5-Bed Bungalow with Legal Basement Apartment in Fergus

Property details for 545 Gartshore Street, Centre Wellington

Type: Residential
Style: Bungalow
Bedrooms: 5
Bathrooms: 2
Lot Size: 60.1 x 120.2 FT
Stories: 1
Basement: Finished, Apartment in basement, N/A, N/A
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $3,315 (2026)

This 1,100 sqft bungalow is a solid 5-bed, 2-bath split with a legal accessory apartment downstairs. You're getting three beds and a 3-piece bath on the main floor, plus a separate two-bed unit in the basement with its own kitchen and family room. It works well for a mortgage helper or multi-generational setup. The block foundation and brick exterior are classic, and the lot's a flat 60 x 120 feet with a fenced yard. There's central air and forced air gas heating, so the place stays comfy year-round. Two spots to park out front, no garage, but the side porch gives you a separate entry to the lower unit. Around $600K is fair for the area, especially since similar homes nearby are selling in the high $800s. You're within walking distance of the Grand River and downtown Fergus, plus the Cataract Trail. Quick drive to Guelph and the 401. This one's got real potential, whether you're living in one side and renting the other or just want room for the whole clan.

About 545 Gartshore Street, Centre Wellington — Property Score

Hot Market Well Priced

Score: 71/100

Value

Priced 39.7% below area median of $994,500 based on 52 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 2 more than similarly priced 3-bedroom homes nearby 84

2 bathrooms - typical for similarly priced properties 60

7,224 sqft lot - a generous lot for the area 78

Location

$61K median household income - near the Canadian average of $70K 61

80% of residents hold postsecondary credentials - a highly educated neighbourhood 88

71% homeownership rate - indicating a stable, owner-occupied community 80

64% of residents commute under 30 minutes - excellent commuter accessibility 82

55/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 51 days on market 100

+103.3% median price change over 1 month - rising prices in the area 100

57.5 months of housing supply - 115 active listings with 2 sold last month (buyer's market) 40

Features

2-car garage - area average is 6 spots 80

Finished, Apartment in basement, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.55% effective tax rate ($3,315/yr) - very low tax burden 84

32% renter population - moderate rental market 68

Quality

Condition

Listing

41 photos provided - consistent with area listings 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.