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    For Sale - 226 Railway Street, Bonfield, Ontario

    Est payment $1,801/mo
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    Views   1
    Time on Jump  3 day

    AI Summary *

    • Great investment with four residential units for immediate rental income.
    • Two units are currently tenanted, generating cash flow from day one.
    • Renovation potential in two units offers value-adding opportunities.
    • Ideal for expanding investment portfolios with future income growth.
    • Possibility to live in one unit while renting out the others.




    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!
    Listing IDX14095578
    Address226 Railway Street
    CityBonfield, Ontario
    Price$375,000
    Bed / Bath7 / 4 Full
    Style1 1/2 Storey, Fourplex
    ConstructionVinyl Siding
    Land Size0.47
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Sewage Pump, Water Heater Owned, Water TreatmentOwnership FreeholdViews Forest, Trees/Woods, Park/GreenbeltWaterfront NoneBasement Unfinished, Separate Entrance, Partial BasementFoundation Stone, Block, Concrete BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Septic

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    Listing Brokerage: Royal LePage Northern Life Realty, Brokerage

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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