For Sale: 226 Railway Street, Bonfield, ON - REW
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$375,000
7 bd • 4 ba • 2500 - 2999 sf • Multifamily
226 Railway Street
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$375,000
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226 Railway StreetBonfield, ON, P0H 1E0

  • 7 Bed
  • 4 Bath
  • 2500 - 2999 Sqft
  • Multifamily

About this home

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! (id:63626)
Listed by: RENEE ROY, Salesperson, Royal LePage Northern Life Realty, Brokerage

Home facts and features

Price details
List Price
$375,000
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Gross Taxes for 2026
$2,173
Home facts
Bedrooms
7
Full Bathrooms
4
Parking Spaces
8
Parking Details
No Garage
Property Type
Multifamily
Depth
136.1 feet
Frontage
159.7 feet
Exterior Finish
Vinyl siding
Heating Type
Baseboard heaters, Electric
Basement Details
Unfinished, Partial, Separate entrance, ,
Features
Irregular lot size
Appliances
Stove, Two Refrigerators, Water Heater, Water Treatment
Agent details
Primary Agent
RENEE ROY
Primary Broker
Royal LePage Northern Life Realty, Brokerage
Listing details
Days on REW
1 Day
MLS® Number
X14095578
Source
Canadian Real Estate Association
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Property Insights

É Sép Lorrain
  • Catholic
  • JK - 8
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Call Agent
Salesperson
RENEE ROY
Phone:
(705) 498-1975
Cell:
705-498-1975
Office:
705-472-2980
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