Homula Realty Brokerage
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8867 Mckinnon Road, Essa, ON L3W 0V9

4+3 beds · 5 baths · 5 kitchens · 14+5 rooms · 16 parking spaces · 2500-3000 sq ft · Laundry on the lower level level · Multiplex
$1,249,000
Property tax
$3,685 / year

Outstanding investment or multi-generational opportunity in the booming town of Angus! This turnkey, all-brick, legal non-conforming 5-plex is fully tenanted on a month-to-month basis with excellent inclusive rents already in place. The property offers a versatile unit mix featuring three bachelor suites, one spacious 1-bedroom plus den apartment, and an expansive 3-bedroom unit. Lower level laundry room and massive utility space ideal for extra storage or workshop area. Built to last, the building features a durable metal roof, a double detached garage equipped with hydro, and ample parking for all occupants. Utility systems include a single hydro meter, shared Rogers Wi-Fi internet, and propane service powering four kitchen stoves and the hot water heater. Situated in a highly convenient location directly on a public transit route, tenants are within walking distance to local shopping and the picturesque Nottawasaga River, alongside a quick drive to Canadian Forces Base Borden, Alliston, and Barrie. Positioned in a high-demand growth corridor, this property also offers significant future upside with the potential for commercial rezoning.

MLS number
N13687672
Type
Multiplex
Status
Active
Bedrooms
7
Bathrooms
5
Postal code
L3W 0V9
Photos
30
Laundry
Lower Level level
26days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Our Lady of Grace School
Simcoe Muskoka CDSB
Elementary931 m4.8 / 10
48% met the standard
Angus Morrison Elementary School
Simcoe County DSB
Elementary1.3 km4.9 / 10
49% met the standard
Pine River Elementary School
Simcoe County DSB
Elementary1.6 km7.1 / 10
71% met the standard
Nottawasaga Pines Secondary School
Simcoe County DSB
Secondary2.3 km5.7 / 10
57% met the standard · 2 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 547 people.

$86,000Median household income
79.1%Own their home
87.8%Detached houses
42.8Median age
6.4%Born outside Canada
4.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35430724 — the few blocks around this address, home to 547 people. It describes the area, not this property.

547Population
40.9Average age
2.7Household size
$99,000Average household income
$86,000Median household income
79%Own their home
21%Rent
0%Condominiums
6%Born outside Canada
4%University degree
$650,000Average home value
6%Low income
49%Not in the labour force
25%Never married
$20,000 to $24,9992%
$35,000 to $39,9994%
$50,000 to $59,9997%
$60,000 to $69,9999%
$70,000 to $79,9999%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over30%
$100,000 to $124,9999%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over5%

Percentages are of the 280 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$249,800 · minimum here is $99,900
$5,530.30per month
Borrowed before insurance$999,200
Total borrowed$999,200
Interest over 25 years at 4.5%$659,891

If you rented it out

-$5,837.39per month out of pocket
Rent$0.00
Everything it costs to hold$5,837.39
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by KELLER WILLIAMS EXPERIENCE REALTY. Listing data provided by the Toronto Regional Real Estate Board.