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Investment signal

$879,900

470 ELORA STREET

Beds

Baths

Sqft

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Year

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Location

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About this home

Great opportunity here to live in one unit and have the other unit as a fantastic mortgage helper ! Perfect option for those wanting to downsize but don't want a condo. And the strong rental income will improve affordability for many home purchasers while building equity in home ownership. Potential for ideal MULTI-GENERATIONAL living arrangement. Quality built duplexed home (single family dwelling with legal accessory apartment), with upper 3 bedroom unit and main level 2 bedroom unit. Designed so both units are above grade. Completely separate mechanicals and separately metered. Be sure to check out the floorplans. Attached two car garage, one for each resident. Separately fenced backyards for each unit. Multi-unit homes like this do not come to market often. Investors will want to look at this one too. Close to all amenities. Main level has been intentionally left vacant for prospective buyer to be able to move in immediately - or investor will be able to lease out at current market rent. Book your showing today. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: Fergus
Lot dimensions: 44 x 131.9 FT
Bedrooms: 5 above grade
Parking: 4 total
Stories: 2
On market: Mar 25, 2026
Status changed: Apr 19, 2026
Annual tax: $5,990.25
Zoning: R1B
Photos: 47
MLS#: X12919044
Area: CENTRE_WELLINGTON_(FERGUS)

Features and systems

Parking

Attached GarageGarage

Basement

Crawl space

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Poured Concrete

Lot

In-Law Suite

Negative cash flow ~$1,722/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.74%

Cap rate

3.54%

GRM

16.7

Break-even rent

$6,212

Financing

Down payment$175,980

Loan amount$703,920

Mortgage$4,318/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$403

Insurance$80

Maintenance$733

CapEx reserve$367

Vacancy loss$220

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $4,318/mo at 5.49% with 20% down, 25-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 19, 2026.