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Erin, ON, N1H6H7
Asking Price
$649,999
4
Beds
2
Baths
1,200
Sq ft
Detached
Type
Not publicly listed. Surfaced by PrivateDeals from off-market and pre-market activity.
8896 Wellington Road 124, Erin, Ontario Charming Country Property with Opportunity in Erin Welcome to 8896 Wellington Road 124, a charming 4-bedroom, 2-bathroom home situated on approximately a quarter-acre lot in Erin. Offering approximately 1,200 square feet of living space, this property provides an excellent opportunity for buyers looking for a home they can personalize and make their own. The home offers four bedrooms and two bathrooms, with plenty of potential to update and modernize the interior while maintaining its character. Some cosmetic improvements, including new flooring and fresh paint, would help bring out the home’s full potential. Situated on a generous lot with no garage, the property offers outdoor space and the opportunity to create a comfortable home in the Erin community. Property Highlights: * 4 bedrooms * 2 bathrooms * Approximately 1,200 sq. ft. * Approximately ¼-acre lot * New flooring and paint would enhance the interior * Excellent opportunity for buyers looking to add their own personal touches * Located in Erin, Ontario property taxes are roughly 2500 a year
Opportunity score
5.5 / 10
Recommended strategy
Fix & FlipAutomated estimate generated from listing data. Not a property valuation or investment advice.
Property type
Detached
Square feet
1,200 sq ft
Lot size
approximately ¼-acre
Strengths
Opportunities
Weaknesses
20.0%
Monthly payment (principal + interest)
$3,483
Down payment
$130,000
Mortgage amount
$519,999
Rate · amortization
6.5% · 25 yrs
Canadian semi-annual compounding. Add CMHC & land transfer tax →
/month
What it would rent for, all units combined
%
= $130,000 · linked to the mortgage calculator
/mo
Est. 1.2% of price a year
/mo
Repairs, condo fees
Monthly cash flow
Enter the rent to see if this home pays for itself.
Rent needed to break even
$4,133/mo
Mortgage (P+I)
−$3,483
Property tax
−$650
Asking Price
$649,999
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