$300,000 – $400,000 Multi-Family Homes For Sale

Cornwall, Ontario

Attention Investors! This clean and well-maintained duplex in the desirable Le Village District generates $3,220/month and offers strong rental potential. Conveniently located near parks, public transit, schools, shopping, recreation, and the St. Lawrence River, this fully occupied property is an excellent addition to any investment portfolio. Main Level Unit: 2 Bedrooms Rented at $1660/month + utilities. Upper Level Unit: 2 Bedrooms Rented at $1560/month + utilities. In-suite laundry in each unit. One parking space is provided per unit at the rear of the building. Please Note: A minimum of 24 hours’ notice is required for all showings. Don’t miss out on this solid income-generating property! (id:66888)

Cornwall, Ontario

Welcome to 414 Gloucester Street, an immaculate and exceptionally well-maintained all-brick duplex situated in a great Cornwall location! Pride of ownership is evident throughout this beautiful property, from the meticulously cared-for exterior to the pristine condition of both units. Offering plenty of parking and a double detached garage at the rear, this property is ideal for investors or buyers looking to live in one unit while generating rental income from the other. The spacious main-floor unit features a welcoming three-season enclosed porch, a bright living room, a separate dining room, a lovely kitchen with updated cabinetry, a full four-piece bathroom and a comfortable primary bedroom. The fully finished basement adds valuable living space with a generously sized recreation room, a second bedroom and a dedicated utility/laundry room. Upstairs, you’ll find an equally impressive one-bedroom unit offering a similar layout to the main floor, with comfortable living and dining areas, a functional kitchen and a full bathroom. The building, grounds and interiors have all been maintained to an exceptional standard, making this a truly turnkey opportunity. Whether you’re looking to expand your investment portfolio or enjoy the benefits of homeownership with rental income to help offset your expenses, 414 Gloucester Street is a property that deserves your attention! Roof reshingled in 2016, gas furnace 10 years old, upstairs heated by electric baseboard, main floor utilities; Gas $904/yr, Elec $795/yr. Both units have separate meters (id:66888)

Pembroke, Ontario

Great opportunity in the heart of Pembroke to own your very own side-by-side duplex. Each unit welcomes you with a large foyer, spacious open concept living/dining space. A kitchen with plenty of cabinetry with main floor laundry. Upstairs, 2 good sized bedrooms with a full bath. This fully rented duplex is walking distance to restaurants, children schools, daycare, and Algonquin College. Making it a perfect choice for Investors, Algonquin Parents for their students. (id:66888)

Smiths Falls, Ontario

Have you been searching for an investment property or a home where you can live in one unit and rent out the other? Welcome to 53 McCann Street, a fully vacant duplex on a large corner lot in Smiths Falls. The upper unit offers 2 bedrooms, washer and dryer hookups, and an updated 4-piece bathroom. The fully updated lower unit includes 2 generously sized bedrooms, a brand-new fridge and stove, and a 3-piece bathroom with a walk-in shower. The property also offers 4 parking spaces and a spacious yard. Conveniently located within a 15-minute walk of downtown and its wonderful shops and amenities. Updates include a new furnace (2026), on-demand water heaters (2025), new sewer pipes (2025), and a lower-unit renovation completed in 2026. Under an hour’s drive to Ottawa and Brockville, and approximately 20 minutes to Carleton Place or Perth. Reach out today for more information! (id:66888)

Clarence-Rockland, Ontario

What an incredible investment opportunity under $450K! Being situated only a few minutes from the established community of Rockland, with its small-town vibe but convenience of urban amenities, and only a short distance to Ottawa, it has exceptional tenant appeal. This triplex has spacious units, each with a private entrance, and has a list of recent renovations/upgrades including: roof, siding, decks, bathrooms, windows, and appliances. All units have two bedrooms, an in-suite washer and dryer, parking, and are leased month-to-month with a total income of $3605. Unit 1, on the left, is a two-story unit with 1.5 baths and a large private backyard. Unit 2, at the front, has 1 bath and a large deck. Unit 3, at the back, has 1.5 baths and an enormous private backyard. There is additional storage space in the basement that is accessed from the right-side door. This is your chance to secure a lucrative property. Book your showing today! Some photos are digitally enhanced. 24 hours irrevocable on all offers (id:66888)

Alfred And Plantagenet, Ontario

ATTENTION INVESTORS! An exceptional opportunity to own a versatile income-producing mixed-use property in the heart of Alfred! This impressive four-unit building features three residential apartments and one established commercial unit, offering multiple streams of rental income and excellent upside potential. The residential portion consists of two spacious 2-bedroom apartments and one bachelor unit. Adding to its appeal, one of the 2-bedroom apartments has been completely renovated and is currently vacant, allowing the new owner to set their own rental rate, with an estimated rental potential of approximately $1,300/month plus heat and hydro. The commercial unit is currently occupied by the well-established Milano Pizza, providing an additional source of income and stability.Ideally situated along Highway 17, this property benefits from excellent exposure, convenient access to local amenities, schools, restaurants and everyday services, while offering easy connectivity to both Ottawa and Montreal. With an established commercial tenant secured under a renewed four-year triple-net lease, three residential units and the added opportunity to maximize rental income from the vacant renovated apartment, this property presents an outstanding investment opportunity. Boasting a true potential net capitalization rate of 10.28%, this is an attractive opportunity for investors seeking strong income potential, multiple revenue streams and long-term value in a desirable central location. Don’t miss your chance to add this exceptional mixed-use investment property to your portfolio! (id:66888)

Alfred And Plantagenet, Ontario

An excellent investment opportunity in the heart of Alfred! This solid brick, two-storey mixed-use property offers approximately 6,400 sq. ft. of total building space and is zoned for up to six units. The property features three residential apartments on the second floor, all with existing leases, plus approximately 3,100 sq. ft. of commercial space on the main level, offering excellent potential for an owner-operator or investor. Previously occupied by the National Bank of Canada for many years, the commercial space includes a large retail area, four separate offices, a walk-in safe, storage space and handicap accessibility.Offering multiple income streams and future development potential, this property presents an exceptional opportunity for investors looking to maximize returns. With a potential net capitalization rate of 10.4%, this is an attractive addition to any investment portfolio. Whether you’re looking to operate your own business, lease the commercial space, or explore the property’s six-unit zoning potential, the possibilities are endless! (id:66888)

Cornwall, Ontario

Well maintained four plex on a quiet street. Generating a gross revenue of $44,355.72. All tenants pay their own utilities. Unit 425 (2 bedrooms) pays $1300.00, Unit 425A (2 bedrooms) pays $722.62, Unit 423 ( 1 bed room and a den)pays $922.50 and Unit423A (1 bedroom and a den)pays $751.19. Good cash flow. Property tax $2674.24, water tax $3385.20. There is one rental hot water tank which costs $270.00 a year. Insurance is $2568.54. 24 hours notice is required for showings (id:66888)

Smiths Falls, Ontario

Vacant upper unit, tenanted lower unit. Good upside potential here. This up/down duplex offers 3 bedrooms upstairs with a 4- piece bathroom, a kitchen, laundry closet, a dining area, a living room and mudroom entrance. The lower level adds a second self-contained suite with 2 more bedrooms, a 2nd kitchen, another living room and dining area plus a 4- piece bathroom. The home has 2 100-amp breaker panels, each unit with its own meter. Steel roofing (2022). One new hot water tank in 2014 and one in 2024. This is a great opportunity to live in and rent one suite or rent both units. An easy managed lot with parking on the side. Lower suite is currently tenanted and is being sold with a Buyer assuming the tenancy. Tenant paying $1100/month plus Hydro (heat) on a 1year lease through to Sept 30, 2026. Good sized yard. Parking for 4 vehicles. Steel roofing too. Note: Photos available only for the upper vacant unit. Lower level tenant is good and tidy but requested privacy. (id:66888)

Cornwall, Ontario

An exciting opportunity for investors or buyers looking to offset their mortgage expenses! Centrally located in a desirable area, this triplex features a spacious two-storey main unit complemented by two one-bedroom rental units with long-term tenants.The main unit offers three generous bedrooms upstairs, with a kitchen, dining room and living room on the main floor. Its spacious layout makes it an appealing option for buyers considering living in one unit while collecting rental income from the other two. .Numerous improvements add to this property’s appeal. Roof materials have been redone within the past 10 years, including the flat membrane roof and the re-shingled sections. The large front verandah was completely rebuilt in 2024. Additional updates include tenant entrance steps, rebuilt wooden steps from the driveway, soffits, completed parging and a widened driveway with an additional parking space and refreshed gravel. Attic insulation was increased by 18 inches, and the chimney was removed and capped.The main unit also features an updated tub surround and toilet. All three hot water tanks are owned, with the main unit’s tank replaced approximately three years ago and the other two approximately nine years ago. All units pay their own utilities. Upstairs rent 492.10/mth downstair unit $590.93/mth. Space, rental income and valuable improvements-explore the possibilities this centrally located triplex has to offer! Call today and book your private viewing (id:66888)

Smiths Falls, Ontario

Investment opportunity in Smiths Falls with a projected cap rate of 8.09%! Large side-by-side updated 2 storey duplex is separately metered & consists of one 4 bedroom, 1.5 bath unit & one 3 bedroom, 1bath unit. Choose your own tenants on the vacant side and assume the tenants paying market rent on the other OR move in and enjoy while having a mortgage helper. 154 Beckwith is rented for $1,850/month and all utilities paid by the tenant. An open dining and living space with powder room on main level. Kitchen & laundry are renovated with new backsplash, sink and faucet. All appliances are owned by the tenant. Upstairs are 4 beds & a 4pc bath. Freshly painted with new laminate flooring, all exterior doors, deck & HWT (all in 2023), back porch, attached storage/workshop, detached shed, large yard, parking for 4 vehicles. 156 is currently vacant and just underwent $35,000 in renovations including all brand new flooring, paint, carpet on the stairs, a new toilet, a new vanity, and all new appliances. This side offers 3 bedrooms and a 4pc bath with large yard, back enclosed porch, parking for 2 & plenty of storage space. Projected market rent for this unit is $2,000/month. Other building updates include: electrical (2010), newer windows, roof (2013), storage/workshop roof (2021), foundation re-parged. Excellent location, walking distance to downtown Smiths Falls and easy access to Highway 15 and commuting into the city. 24hrs irrevocable on all offers. (id:66888)

Lanark Highlands, Ontario

Historic Charm Meets Modern Opportunity in Lanark Village Discover a unique investment or lifestyle opportunity in the heart of Lanark Village! This recently renovated duplex beautifully blends historic character with modern updates, offering versatility for investors, owner-occupants, or entrepreneurs looking to make the most of a distinctive property. The building features two separate units: a one-bedroom, one-bathroom unit on the ground floor and a spacious two-bedroom, one-and-a-half-bathroom unit on the upper 2 floors. Each unit has its own meter and heating/ventilating/air conditioning system, providing added independence and convenience. The potential to develop a third unit offers a variety of exciting possibilities for future expansion and increased income potential subject to municipal approval. Zoning also permits business use in one unit, provided the owner occupies the other, creating an excellent opportunity for a live-work arrangement. Whether you’re looking to live in one unit while renting out the other, expand your investment portfolio, establish a home-based business, or explore the potential for a third unit, this property offers plenty of options to suit your vision. Heating features include in-floor radiant heating on the main floor and forced-air propane heating in the second unit. Upgraded plumbing, electrical and septic. A rare combination of historic charm, modern comfort, and future potential, all in the welcoming community of Lanark Village. Don’t miss your opportunity to make this versatile property your own! (id:66888)