Property Description

Versatile 2-Unit Property on 1 Acre in Sought-After Wellington! Whether youre looking for an owner-occupied home with rental income to help offset your costs or an opportunity to expand your real estate portfolio, this beautifully updated 2-unit property in Wellington offers flexibility, income potential, and plenty of room to grow. Situated on approximately 1 acre, the home features two fully self-contained units, each with its own private entrance, laundry facilities, heat pump, and power meter. The upper level offers 3 bedrooms and 1.5 bathrooms, while the lower level features 2 bedrooms and 1 full bathroom. Both units have benefited from numerous updates over the years, including updated kitchens and bathrooms, siding, roof shingles, windows, and decks. The upper unit is currently vacant, providing an excellent opportunity for easy showings and allowing a new owner to occupy the space themselves or select their own tenant. The lower unit is home to a wonderful long-term tenant, providing immediate rental income. Looking for even more potential? The spacious 1-acre property offers the possibility of adding a self-contained backyard suite, subject to municipal approvals, creating the potential for a future three-unit property. Located in the sought-after community of Wellington, youll be just around the corner from some of the area's local favourites, including freshly baked goods at the Wellinton Bakery and the famous Wellington Pizza. With its convenient location, extensive updates, separate utilities, existing rental income, and future development potential, this property offers an exciting opportunity for homeowners and investors alike. Live in one, rent the other, or add this property to your investment portfolio the possibilities are yours to explore! (id:7434)