Homula Realty Brokerage
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45 Wellington Road 124, Erin, ON N0B 1T0

6 beds · 3 baths · 3 kitchens · 8 parking spaces · 2500-3000 sq ft · Other
$924,111
Property tax
$4,929 / year

Invest in your future in the charming & growing community of Erin! Versatile income-generating property features 2 detached houses for a total of 3 separate above-grade apartments! Perfect for a multi-generational family, or opportunity to supplement your mortgage by living in one unit & earning rental income from the others or/ just cash flow from a fully tenanted investment or/ make plans to redevelop later -- lots of possibilities with a water main connection now at the roadside. This property offers excellent future potential as the area expands with it's surrounding prestigious estate properties. Enjoy the countryside feel while still being able to walk to shops & nearby trails. A rare opportunity to add a flexible, cash-flowing asset to your portfolio within an hour to GTA= Central location & long-term value with 2 detached houses, 2 natural gas furnaces, 2 separate electrical panels, 2 hydro meters, 2 septic systems, 2 hot water tanks (1 owned, 1 rented), well, UV system, heat pump, parking for 8+ cars on paved driveway. Fully rented! Reach out for financials. Each apartment has it's own entrance, 2 bedrooms and 1 bathroom, kitchen, bright living room, outdoor patio area & 2 car parking for each. Bonus: Detached bungalow has it's own separate hydro meter, electrical panel, natural gas furnace, hot water tank, & laundry. Granite countertops & large breakfast bar complimented w/ barn board in the kitchen w/ S/steel stove 2024, fridge & microrange'18. Plus, huge unfinished basement too! Bungalow Roof + Gas BBQ line'17. UV system'18. Carpet free Bungalow - Bedrm 2 Flooring'18. There's more... Separate Detached 2 storey Duplex w/ 2 separate apartments. Heat pump 2024. Luxury Vinyl flooring upper bedrooms'25. Flooring in main floor living & bedrms'21, Laundry Rm Exterior Door & flooring'20. Chimney swept'25. Zoning R1-105 "Existing Single Detached Dwelling And A Duplex Dwelling On One Lot. 48 hrs needed for showings pls.

MLS number
X13615714
Type
Other
Status
Active
Bedrooms
6
Bathrooms
3
Postal code
N0B 1T0
Photos
33
45days · this listing
—days · this property
Registration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Erin Public School
Upper Grand DSB
Elementary1.3 km6.7 / 10
67% met the standard
Erin District High School
Upper Grand DSB
Secondary1.6 km7.9 / 10
79% met the standard · 2 of 6 measures
Brisbane Public School
Upper Grand DSB
Elementary2.4 km8.7 / 10
87% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 624 people.

$108,000Median household income
71.1%Own their home
68.8%Detached houses
44.4Median age
12.8%Born outside Canada
27.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35230346 — the few blocks around this address, home to 624 people. It describes the area, not this property.

624Population
42Average age
2.6Household size
$131,000Average household income
$108,000Median household income
71%Own their home
29%Rent
0%Condominiums
13%Born outside Canada
28%University degree
$1,050,000Average home value
6%Low income
18%Not in the labour force
27%Never married
$20,000 to $24,9993%
$25,000 to $29,9991%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9994%
$100,000 and over36%
$100,000 to $124,9999%
$125,000 to $149,9996%
$150,000 to $199,99911%
$200,000 and over11%

Percentages are of the 350 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$184,822 · minimum here is $67,411
$4,206.33per month
Borrowed before insurance$739,289
Default insurance premium, added to the loan$20,700
Total borrowed$759,989
Interest over 25 years at 4.5%$501,911

If you rented it out

-$4,617.08per month out of pocket
Rent$0.00
Everything it costs to hold$4,617.08
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by REAL BROKER ONTARIO LTD.. Listing data provided by the Toronto Regional Real Estate Board.