292 FARES STREET
Cornerstone · L3K1W8
$525,000
About this residence
Discover a RARE OPPORTUNITY with this LEGAL side-by-side DUPLEX. Ideal for homeowners seeking both lifestyle and income potential. This property offers the flexibility to live comfortably in one unit while generating rental income from the other, creating a smart pathway toward offsetting mortgage costs or building long-term wealth. Fully compliant with city safety and occupancy standards, this duplex features above-grade units, SEPARATE HYDRO METERS, and modern finishes including carpet-free flooring and stainless steel appliances. Peace of mind comes standard with ROOF (2018), FURNACE (2021), and AIR CONDITIONER (2021). Situated in a thriving community, this property offers close proximity to local amenities, schools, and transportation—making it highly attractive to tenants and future buyers alike. Add this to your FAVORITES as the perfect blend of comfortable living and built-in rental income—an opportunity to live well while your property helps pay the way. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Duplex
- Ownership
- Freehold
- Bedrooms
- 3
- Bathrooms
- 2
- Storeys
- 2
- Living area
- 1,731 sq ft
- Frontage
- 39 feet
- Parking
- 2 spaces
- Year built
- 1900
- Annual tax
- $2,282
- MLS®
- 40825019
- Board
- Cornerstone
- Status
- Active
- Listed
- May 1, 2026
- Updated
- Jun 2, 2026
Features & finishes
Heating
- Forced air
- Natural gas
Cooling
- Central air conditioning
Basement
- Full
- Unfinished
Exterior
- Aluminum siding
- Vinyl siding
Foundation
- Poured Concrete
Lot
- Sump Pump
Sewer & Utilities
- Municipal sewage system
Financing
Estimated monthly payment
$2,455/mo
Loan amount
$420,000
Down payment
$105,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · L3K- 19,458
- Population
- 51
- Median age
- $70,000
- Median income
- $448,000
- Median home value
- 73%
- Home ownership
- 25 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 292 FARES STREET?
292 FARES STREET is listed for $525,000, in Cornerstone.
How many bedrooms and bathrooms does 292 FARES STREET have?
It offers 3 bedrooms and 2 bathrooms.
What type of home is 292 FARES STREET?
292 FARES STREET is a Multi-family, Duplex set over 2 storeys, built in 1900.
How large is 292 FARES STREET?
The home offers approximately 1,731 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,455. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $2,282 per year.
Is there parking?
Yes — 292 FARES STREET includes 2 parking spaces.
What is the Cornerstone area like?
Cornerstone has a population of about 19,458, a median age of 51, a 73% home-ownership rate, with an average commute of about 25 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $448,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $70,000.
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