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Investment signal

$879,900

470 ELORA STREET

Beds

5

Baths

3

Sqft

Year

Location

See the block, not just the house.

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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

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.

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