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7
BEDROOMS 4
BATHROOMS 4
KITCHENS 15
ROOMS X14095578
MLSID Contact Us
Property Description
Excellent investment opportunity in Bonfield! This four plex features four residential units, consisting of three 2 bedroom units, and one bachelor unit . Two of the 2 bedroom units are currently tenanted, providing rental income of from day one. The remaining 2 bedroom unit and bachelor unit require completion of renovations, offering an opportunity for investors to add value, complete the improvements, and maximize the property's rental potential. Ideal for investors looking to expand their portfolio and increase future income potential. Explore the possibilities this multi unit property has to offer! Annual expenses are $8543.02. Tenant in Unit 2 pays $1650 / month but carries out snow removalAnd lawn care, water filters and UV , and basic maintenance to the property. Unit 4 pays $1850 per month. Unit 1 & 3 are requiring renovation but could potentially generate even greater cashflow, or live in one unit, and generate rental income from the others to help cover your mortgage and living expenses!
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Property Features
Sewage Pump, Water Heater Owned, Water Treatment, Private, None, UV System
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Property Details
Address
226 Railway Street
Community
City
Postal Code
P0H 1E0
Property Type
Fourplex, Fourplex
Zoning
Residential property with four self contained unit
Lot Size
160' x 136'
Acreage
0.5 Feet
Taxes
$2,173 (2025
Basement
Unfinished, Separate Entrance, Partial Basement
Heat Type
Baseboard
Heat Source
Electric
Water
Well
Parking Spaces
8
Garage Type
None
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Listing contracted with Royal Lepage Northern Life Realty, Brokerage
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