226 Railway Street Bonfield, Ontario P0H 1E0
$375,000
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:49269)
Property Details
| MLS® Number | X14095578 |
| Property Type | Multi-family |
| Community Name | Bonfield |
| Equipment Type | None |
| Features | Irregular Lot Size |
| Parking Space Total | 8 |
| Rental Equipment Type | None |
| Structure | Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Age | 100+ Years |
| Appliances | Water Heater, Water Treatment, Stove, Two Refrigerators |
| Basement Development | Unfinished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (unfinished), N/a, Partial |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Stone, Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Fourplex |
| Utility Water | Dug Well, Artesian Well |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 136 Ft ,1 In |
| Size Frontage | 159 Ft ,7 In |
| Size Irregular | 159.6 X 136.1 Ft ; Lot Size Irregular |
| Size Total Text | 159.6 X 136.1 Ft ; Lot Size Irregular |
| Zoning Description | Residential Property With Four Self Contained Unit |
Utilities
| Cable | Available |
| Electricity | Installed |
https://www.realtor.ca/real-estate/30420262/226-railway-street-bonfield-bonfield
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October 19 2026 09:26:41
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