Inside the home
This is a four-unit brick building from the 1890s with a mix of renovated and original units. The two ground floor suites have seen the most work — one has a fully updated kitchen with white shaker cabinets, subway tile backsplash, and stainless appliances, while the other has been refreshed with new flooring and paint. A new furnace was installed in 2025. The two upper floor units are a different story. Both retain older kitchens and dated bathrooms, and the rear upper unit has sloped ceilings from the mansard addition that limit headroom along the walls. The shared common areas and driveway need attention. For investors, the numbers are the headline: four above-grade units, separate hydro meters, four parking spots, and a deep 160-foot lot with room at the back. The building is fully occupied, which means rental income on day one — but buyers should budget for ongoing unit-by-unit updates.
- Solid 1890s brick construction on a large 52x160 ft lot
- One fully updated unit with subway tile kitchen and stainless appliances
- Second ground floor unit with updated cabinets and flooring
- Separate hydro meters for each unit
- Four parking spots with rear lot access
- New furnace 2025
- Large shared backyard with rear fence
- Strong cap rate per MLS financials
Excellent opportunity to acquire a solid fourplex with positive cashflow and Over 8% Caprate with future upside. 3 Units Currently Leased Out & 1 Unit is Vacant. This detached, fully brick two-storey property with rear extension offers approximately 2,980 sq. ft. above grade, plus an unfinished basement, on a large 52 x 160 ft. lot. The building features four above-grade units, including two 2-bedroom units on the ground floor and two 1-bedroom units on the second floor. There is also a large shared storage room with potential to be converted into a common laundry area. The property includes separate hydro meters, 4 parking spots and has been professionally maintained previously. Current/Estimated total rent is $68,307, with expenses of $13,084, resulting in net operating income of $55,223. Significant improvements have been completed in recent years, including a new furnace in 2025, updated kitchens, new flooring, painting, drywall repairs, bathroom renovations, and more. Large shared backyard that is fully fenced at the back, lots of potential for accessory or additional storage use. Very Close to Downtown to Wilfred Laurier University, Conestoga College, Casino, TD Civic Centre, Harmony Square, the Downtown Strip & More. Close to Bus-Stops, Laundromats, Parks, Trails, Schools, Library & More. One of the Best Multi-Residential Properties in the City Offering All Solid Fundamentals, Great to Add to Your Investment Portfolio.