For Sale: 43-45 Railway Street, Leeds and the Thousand Islands, ON - REW
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$479,000
4 bd • 4 ba • 1500 - 1999 sf • Multifamily
43-45 Railway Street
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$479,000
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43-45 Railway StreetLeeds and the Thousand Islands, ON, K0E 1L0

  • 4 Bed
  • 4 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

Welcome to this purpose-built newly upgraded side by side duplex, located in the village of Lansdowne, just north of Highway 401. This is a great cashflowing opportunity for investors with $43,500 gross income a year. Each unit is currently rented and offers a two storey layout with a full basement and sits on a generous lot. Both units feature a main floor bathroom and a full 4 piece bathroom upstairs, providing comfort and convenience for tenants or owners. Unit 43 is turn key rented $1775 plus utilities with upgraded bathroom vanity and toilet. Unit 45 is also turn key rented $1850, freshly painted, new windows, new kitchen, 5 x appliances and floors, bathroom vanity and toilet. Each unit is equipped with a cold climate air source heat pump, providing efficient heating and cooling year round. The basements include laundry hookups, adding to the functionality of each unit. Outside, you will find back decks, fenced yard areas, and front parking for both units. The property also features separate heat, hydro, and water and sewer services, making it easy to manage and keep operating costs predictable. Whether you choose to live in one unit and rent the other, or rent both units for positive cash flow, this property offers strong investment potential with reliable rental income. Located just minutes from the Thousand Islands, International Bridge, and Charleston Lake, this area is attractive to professionals, families, or retirees looking to invest and potentially occupy in the future. This is a rare opportunity to own a solid income property in a stable area. (id:63626)
Listed by: MARTIN OUELLET, Salesperson, REAL BROKER ONTARIO LTD., BROKERAGE

Home facts and features

Price details
List Price
$479,000
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Gross Taxes for 2026
$1,852
Home facts
Bedrooms
4
Full Bathrooms
2
Partial Bathrooms
2
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Lot Size
64 ft x 136 ft (8704 ft²)
Depth
136 feet
Frontage
64.0 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Heat Pump, Baseboard heaters, Electric
Cooling
Wall unit
Basement Details
Partially finished, Partial
Appliances
Dryer, Refrigerator, Stove, Two Washers
Agent details
Primary Agent
MARTIN OUELLET
Primary Broker
REAL BROKER ONTARIO LTD., BROKERAGE
Listing details
Days on REW
1 Day
MLS® Number
X13628058
Source
Canadian Real Estate Association
Board
Kingston & Area Real Estate Association
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25 Years
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Property Insights

Thousand Islands Elementary School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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