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226 RAILWAY STREET, Bonfield

7 BEDS · 4 BATHS · 2500 - 3000 sqft

$375,000

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!

General Info


MLS Listing ID: X14095578 Bedrooms: 7 Bathrooms: 4 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Stone, Block Roof: N/A Title To Land: N/A Parking Space Total: 8
Parking: No Garage Heating: Baseboard heaters Size: 2500 - 3000 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: N/A (Unfinished), N/A, Partial
Water Supply: Dug Well, Artesian Well Road Type: N/A Pool Type: N/A

Amenities/Features


  • Irregular lot size

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