226 Railway ST, Bonfield, ON P0H 1E0
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226 Railway ST, Bonfield, ON P0H 1E0
226 Railway ST, Bonfield, ON P0H 1E0
226 Railway ST, Bonfield, ON P0H 1E0
226 Railway ST, Bonfield, ON P0H 1E0
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Mick Neale

Mick Neale

+1(905) 599-3488
$ 375,000
Est. payment /mo
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226 Railway ST Bonfield, ON P0H 1E0

7 Beds

4 Baths

0.47 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Bonfield

MLS Listing ID X14095578

Style 1 1/2 Storey

Bedrooms 7

Annual Tax Amount $2,172

Tax Year 2025

Lot Size 0.470 Acres

Property Sub-Type Fourplex

Property Description

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!

Location

Province ON

County Nipissing

Area Nipissing

Rooms

Family Room No

Basement Unfinished, Separate Entrance, Partial Basement

Kitchen 4

Interior

Interior Features Sewage Pump, Water Heater Owned, Water Treatment

Cooling None

Fireplace No

Heat Source Electric

Exterior

Parking Features Private

Pool None

Waterfront Description None

View Forest, Trees/Woods, Park/Greenbelt

Roof Type Asphalt Shingle

Lot Frontage 159.6

Lot Depth 136.13

Total Parking Spaces 8

Building

Building Age 100+

Foundation Stone, Block, Concrete Block

Others

Security Features None

ParcelsYN Yes

Listed by Royal LePage Northern Life Realty, Brokerage
Mick Neale

Mick Neale

Agent

+1(905) 599-3488

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226 Railway ST