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Investment signal

$539,900

105 WELLINGTON STREET W

Save this home

Beds

3

Baths

2 full + 1 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for South Huron (Exeter). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This solid brick bungalow offers a well-maintained interior, thoughtful updates, and excellent flexibility for a variety of living arrangements. The main level features a bright living room highlighted by a large front window that fills the space with natural light. Three comfortable bedrooms and a recently updated 4-piece bathroom, complete with a built-in storage tower, offering practical family living. A convenient side entrance includes a built-in storage nook for coats and shoes and provides potential for a future duplex or in-law setup. The lower level adds valuable living space, featuring a kitchenette, laundry area, spacious recreation room, and an additional bedroom or office. This layout offers excellent flexibility for extended family or guests. Situated on a corner lot with two laneways, the property allows for ample parking and easy access. A carport off the Carling Street entrance adds everyday convenience, while a separate entrance from Wellington Street leads to additional parking and a detached shop. The shop is equipped with a poured concrete floor, hydro, and good ceiling clearance, ideal for hobbies, storage, or workspace needs. The lot is partially fenced, offering both privacy and usability. Recent improvements include newer windows & furnace (approximately 11 years), updated flooring and trim, a refreshed bathroom, and newly finished concrete work, providing a clean and modern feel throughout. A solid home with key updates and income potential, this property is well-suited for homeowners and investors alike. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Exeter
Common interest
Freehold
Lot dimensions
66 x 138 FT
Bedrooms
3 above grade
Parking
8 total
Stories
1
On market
Mar 31, 2026
Status changed
Apr 26, 2026
Annual tax
$2,810.14 (2025)
Zoning
R1
Photos
46
MLS#
X12941382
Area
SOUTH_HURON_(EXETER)

Features and systems

Parking

GarageCarport

Basement

FinishedFull

Appliances

RefrigeratorDishwasherWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Concrete

Lot

Flat site

Utilities

SewerElectricityCable
Negative cash flow ~$626/mo at these assumptions

Cash on cash

-6.95%

Cap rate

3.47%

GRM

16.7

Break-even rent

$3,359

Financing

Down payment$107,980
Loan amount$431,920
Mortgage$2,188/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$247
Insurance$80
Maintenance$450
CapEx reserve$225
Vacancy loss$135

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,188/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.

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