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

Perth, Ontario

Side by side duplex, with bonus commercial zoning, located at 28 Wilson Street West, a short walk from Perth’s historic downtown core. Live in one unit and rent out the 2nd unit to help pay your mortgage, or open a business in one half. Set on a 14,650 sq ft lot with 70 feet of frontage and 210 feet of depth, this property represents one of the largest properties in the area, offering significant long-term flexibility, including R3 C1-1 zoning that allows for a potential 3rd residential unit. The two-storey stone duplex contains two self-contained side by side residential units, a 3-bed 1.5-bath unit and a 2-bed 1-bath unit, totaling approximately 2,575 sq ft. Both homes feature distinct layouts that preserve their historic charm with deep window sills and high ceilings, while delivering functional, private day-to-day living with separate entrances. The property has a history of mixed residential and commercial use, including its former operation as the Tay River Gallery. Conveniently located only a short walk to downtown Perth amenities, including shops, restaurants, cafés, professional services, parks, and the Tay River waterfront. Recent improvements include a steel roof with metal soffit and fascia, and rear siding. The site also offers ample room for potentially 10+ parking spots, a rare feature in the area. Income is currently in place with month-to-month residential tenancies, while the zoning, lot size, frontage, parking, and central location support strong future upside through owner-occupation, triplex conversion, mixed-use conversion, or redevelopment. (id:66888)

Cornwall, Ontario

1316 Cumberland Street is a strong income producing fourplex bringing in approximately $53,556 in annual rental income with an estimated NOI of $38,488. At the current asking price, that works out to an impressive 7.7% cap rate and approximately 12% cash-on-cash ROI (Approx figures. Actual rates, expenses and returns may vary) Add in a metal roof and a ton of parking in the rear – a huge advantage for a multi-unit property, and you’ve got an investment built for strong cash flow today with long-term potential. Four units. Great income. High cash flow. This one deserves a spot in your portfolio. Reach out now for income/expense breakdown. (id:66888)

Pembroke, Ontario

Welcome to 283 & 285 William Street, an opportunity to own a spacious side-by-side duplex in one of Pembroke’s most desirable neighbourhoods. This charming 3-storey proud brick home offers over 2,500 sq. ft. of living space and endless possibilities for investors, multi-generational families, or buyers looking to offset their mortgage with rental income. Featuring two units with separate hydro & gas meters, this property offers 7 bedrooms, 2 kitchens, and flexible living arrangements to suit a variety of needs. The classic brick exterior, mature corner lot, and inviting deck add to the property’s character and curb appeal. Both units will be vacant upon closing, giving buyers the opportunity to set their own rents, accommodate extended family, or occupy one unit while generating income from the other. Conveniently located close to schools, parks, shopping, restaurants, and all amenities, this centrally located duplex offers the perfect blend of character, flexibility, and future potential. Whether you’re building your investment portfolio or searching for a home with built-in income potential, 283 & 285 William Street is an opportunity you won’t want to miss. (id:66888)

Cornwall, Ontario

Welcome to 122-124 New Street! This two storey duplex features two spacious 3-bedroom units, with the desirable main-floor unit currently vacant and ready for occupancy. Conveniently located close to parks, schools, shopping, amenities, and public transit, this property offers an excellent opportunity for both investors and owner-occupants.Enjoy a large backyard and double-wide driveway, providing ample outdoor space and parking. For buyers looking to offset living expenses, the vacant main-floor unit offers the perfect opportunity to move in while generating rental income from the second unit. For investors, this allows you to find your ideal tenant at market value. With the main-floor unit vacant, the property generates an annual income of approximately $8,508. Estimated annual operating expenses are as follows:Insurance: $1,509. Water/Sewer: $1,769Property Taxes: $1,556. Recent updates include: Shingles replaced approximately 3 years ago, both furnaces installed approximately 2014, Owned hot water tanks installed approximately 2019 and 2021 and upgraded insulation. A minimum of 24 hours’ notice is required for all showings. As per form 244, 24 hour irrevocable on all offers. (id:66888)

Renfrew, Ontario

TRIPLEX in a great Renfrew location. This solid brick triplex boasts 3 great units with 3 good tenants in place. UNIT 1 rents for $ 1,255.00 and offers 1 bedroom. UNIT 2 is a 2 bedroom unit renting at $ 1,255.00 and UNIT 3 boasts one bedroom plus den at $ 1,040.00. All tenants pay their own utilities. Come and see this great investment property. (id:66888)

The Nation, Ontario

, interior pictures have been taken before tenants move in. (id:66888)

Ottawa, Ontario

Investment or Development Opportunity! Legal duplex on a 40 x 100 lot situated at the top end of Marier Ave, just 1.5 blocks away from Beechwood Avenue! Each unit has 2 bed, 1 full bath, Kitchen and combined Living/dining areas. Unit 1 has access to basement with tons of additional storage. Unit 1 tenant vacating at end of June- ideal opportunity for investors to find their own tenant or to live in one unit and rent the other. Ample parking for both tenants and a detached garage for extra storage. Taxes per Geowarehouse. Sold under power of sale. Sold As-Is, Where Is. Seller does not warranty any aspects of property, including but not limited to: sizes, taxes or condition. Minimum 24 hrs notice for all showings. (id:66888)

Pembroke, Ontario

Prime Pembroke Duplex – $2,065/Mo Gross Income – Fully occupied with reliable tenants. This two-storey property in a sought-after neighborhood features two self-contained 2-bedroom units (Upper unit rents for: $1,055 | Main unit rents for: $1,010). Tenants pay natural gas and hydro; separate meters for each unit. Some recent updates include two gas furnaces, newer deck/stairs (2023) from the upper unit to the ground, and main-floor A/C. Dual entrances, two driveways, and detached garage enhance tenant privacy and appeal. Stable, reliable occupancy. Ideal for investors seeking immediate cash flow or an affordable option for those looking to live in one unit while renting the other. Book your showing today! (id:66888)

Cornwall, Ontario

Investment Opportunity – 307-309 Prince Arthur Street, CornwallAttention investors! This side-by-side duplex at 307-309 Prince Arthur Street in Cornwall offers a strong opportunity to add a solid income-producing property to your portfolio.The property features two spacious 3-bedroom units, providing an attractive layout for families and long-term tenants. Combined rental income is currently $2,800 per month, representing a gross annual rental income of $33,600.A major advantage for investors is that each tenant pays their own utilities, helping to keep the owner’s operating expenses predictable. Municipal property taxes are approximately $2,311 per year, while water costs are approximately $1,200 per year.With affordable annual operating costs and steady rental income, this duplex offers an appealing combination of cash-flow potential and long-term investment value. The side-by-side configuration also provides tenants with more privacy than a traditional upper/lower duplex, which can help make the property attractive to families looking for a comfortable 3-bedroom rental.Located in Cornwall, the property benefits from access to local shopping, schools, services, employment and everyday amenities.Whether you’re looking to expand an existing real estate portfolio or purchase your first income property, 307-309 Prince Arthur Street offers an excellent opportunity to own a two-unit residential investment with tenants contributing toward their own operating costs.Gross Rental Income: $33,600/year | Two 3-Bedroom Units | Tenants Pay Their Own Utilities | Municipal Taxes: Approx. $2,311/year | Water: Approx. $1,200/yearA great opportunity for investors looking for an affordable duplex with established rental income in Cornwall. (id:66888)

Hawkesbury, Ontario

Investment Opportunity with this Purpose Built Duplex. 2- Two Bedroom units, each with their own floor, eadch with their own laundry! Each unit is open concept and bright with large windows. Baseboard heat, but also each unit has a Gas fireplace which helps keep heating costs down. This duplex is on a corner lot so there’s outdoor space too! Property is currently leased with month-to-month tenants, and is in a highly rentable location. Check out this one before it’s gone! Taxes per Geowarehouse. Sold under power of sale. Sold As-Is, Where Is. Seller does not warranty any aspects of property, including but not limited to: sizes, taxes or condition. (id:50982)

Hawkesbury, Ontario

Investment Opportunity with this Purpose Built Duplex. 2- Two Bedroom units, each with their own floor, each with their own laundry! Each unit is open concept and bright with large windows. Baseboard heat, but also each unit has a Gas fireplace which helps keep heating costs down. This duplex has outdoor space too! Property is currently leased with month-to-month tenants, and is in a highly rentable location. Check out this one before it’s gone! Taxes per Geowarehouse. Sold under power of sale. Sold As-Is, Where Is. Seller does not warranty any aspects of property, including but not limited to: sizes, taxes or condition. (id:50982)

Perth, Ontario

Commercially zoned duplex located at 28 Wilson Street West on one of Perth’s busiest and most visible streets. Set on a 14,650 sq ft lot with 70 feet of frontage and 210 feet of depth, this property represents one of the largest commercially zoned parcels in the area, offering significant long-term flexibility. The two-storey stone duplex contains two self-contained side by side residential units, a 3-bed 1.5-bath unit and a 2-bed 1-bath unit, totaling approximately 2,575 sq ft, with a history of mixed residential and commercial use, including its former operation as the Tay River Gallery. The property is outside the local heritage designation area, providing greater freedom for future redevelopment, expansion, or change of use. Located in a high-traffic area with excellent visibility for both vehicle and pedestrian traffic, the property benefits from strong walkability to downtown Perth amenities, including shops, restaurants, cafés, professional services, parks, and the Tay River waterfront. This location offers excellent exposure for retail, service, office, or mixed-use users seeking a prominent downtown presence. Recent capital improvements include a steel roof with metal soffit and fascia, and rear siding. The site also offers ample room for potentially 10+ parking spots, a rare feature in the downtown area. Income is currently in place with month-to-month residential tenancies, while the zoning, lot size, frontage, parking, and central location support strong future upside through owner-occupation, mixed-use conversion, or redevelopment. (id:50982)