Homula Realty Brokerage
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341 New Street E, Edwardsburgh/Cardinal, ON K0E 1E0

6 beds · 4 baths · 4 kitchens · 15 rooms · 6 parking spaces · 3000-3500 sq ft · Fourplex
$599,900
Property tax
$3,000 / year

Fully tenanted four-unit property offering strong income potential within walking distance of the post office, local shops and the waterfront Cardinal Legion. Units 1 and 2 each feature two bedrooms and one bathroom, while Units 3 and 4 each offer one bedroom and one bathroom. Each unit has separately metered hydro, in-unit laundry and its own fenced backyard, providing tenants with added convenience and privacy. An on-site shed provides dedicated storage space for each unit, and there is ample parking for residents. With a practical layout, strong rental demand and a cap rate of over 9%, this property is an excellent opportunity for investors looking to expand their portfolio. 24-hour irrevocable period is required on all offers. Minimum of 24 hours' notice is required for all showings.

MLS number
X13770134
Type
Fourplex
Status
Active
Bedrooms
6
Bathrooms
4
Postal code
K0E 1E0
Photos
16
Laundry
Not in the unit
2days · 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

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

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 513 people.

$59,200Median household income
57.4%Own their home
69.6%Detached houses
46.8Median age
4.1%Born outside Canada
0%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35070237 — the few blocks around this address, home to 513 people. It describes the area, not this property.

513Population
43.8Average age
2.3Household size
$62,000Average household income
$59,200Median household income
57%Own their home
43%Rent
0%Condominiums
4%Born outside Canada
0%University degree
$228,000Average home value
21%Low income
25%Never married
$10,000 to $14,9992%
$15,000 to $19,9992%
$20,000 to $24,9992%
$25,000 to $29,9994%
$30,000 to $34,9996%
$35,000 to $39,9996%
$40,000 to $44,9994%
$45,000 to $49,9996%
$50,000 to $59,99911%
$60,000 to $69,9998%
$70,000 to $79,9998%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over17%
$100,000 to $124,9999%
$125,000 to $149,9996%
$150,000 to $199,9992%

Percentages are of the 265 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.

$119,980 · minimum here is $34,990
$2,656.23per month
Borrowed before insurance$479,920
Total borrowed$479,920
Interest over 25 years at 4.5%$316,948

If you rented it out

-$2,906.23per month out of pocket
Rent$0.00
Everything it costs to hold$2,906.23
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 REMAX BOARDWALK REALTY. Listing data provided by the Toronto Regional Real Estate Board.