5-Plex Properties for Sale in Ontario Province

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Fourplex for sale: 48.5 MITCHELL STREET, St. Thomas

37 photos

$799,900

48.5 Mitchell Street, St. Thomas (St. Thomas), Ontario N5R 2T9

7 beds
4 baths
18 days

East along Talbot St, south into Southwick St, East into Mitchell St Attention Investors! Turnkey 4-Plex with POSITIVE CASH FLOW! This fully rented income-generating 4-plex in fast-growing St. Thomas is an exceptional opportunity for investors seeking strong returns. With an annual rental

Multi-Family for sale: 1614 RIDGE ROAD E, Oro-Medonte

40 photos

$3,299,000

1614 Ridge Road E, Oro-Medonte (Hawkestone), Ontario L0L 1T0

0 beds
0 baths
44 days

Hwy 11 & 11 Line N Welcome To 'Hawkstone Manor' In Old Charm Historical Hawkestone, Oro-Medonte. First Time Offer For Sale After Completing A Full Preservation Of This Unique Century Grand Manor Home And Fully Renovated Suites. Stunning Curb Appeal With Keystone Brick, Soaring Ceilings, Exquisite

463 BOND STREET E, Oshawa

17 photos

$1,200,000

463 Bond Street E, Oshawa (O'Neill), Ontario L1G 1B9

0 beds
0 baths
38 days

Bond St E. & Cadillac Ave N Large Opportunity Awaits! Good Cash flow and being sold together with 455 Bond allowing for long term construction of a large apartment building. 463 bond street east is currently a 5 plex consisting of 2 commercial units, 2 res apts above, 1 basement apartment with

Multi-Family for sale: 382 BRANT STREET, Ottawa

24 photos

$999,999

382 Brant Street, Ottawa (3404 - Vanier), Ontario K1L 6V6

0 beds
0 baths
20 days

Mcarthur Ave to Brant St. Updated & meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks and the downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances, bathrooms, floors more. Updated windows and recently

House for sale: 279 BLOOR STREET E, Oshawa

40 photos

$654,995

279 Bloor Street E, Oshawa (Lakeview), Ontario L1H 3M7

3 beds
2 baths
29 days

Ritson Rd/Bloor St Amazing opportunity/investment! This Property Features A 40 x 20 foot drywalled garage/workshop Including gas heat with 100 Amp. Service and separate meter. Extra high garage which has 10 foot ceilings for extra storage (shelving included) and bright fluorescent lighting.

Multi-Family for sale: 12 ANN STREET, Bracebridge

18 photos

$649,900

12 Ann Street, Bracebridge (Macaulay), Ontario P1L 1S3

9 beds
0 baths
37 days

Manitoba Street to Ann Street to #12. SOP Here is an investment opportunity! This 5 plex is situated in a prime location just steps away from the main street in Bracebridge. Four 2 bedroom apartments and One 1 bedroom apartment. One unit has been recently renovated. All units have separate

House for sale: 210 YORK STREET, Minto

42 photos

$899,900

210 York Street, Minto (Palmerston), Ontario N0G 2P0

6 beds
5 baths
17 days

York and Main St Welcome to your new investment property! This fantastic gem in beautiful Palmerston is easy investing at it's finest. A fully rented 5-plex is ready to be added to your portfolio. Each unit is fully self-contained with a fridge, stove, washer and dryer. Units 2,3,4 and 5 have

Multi-Family for sale: 2870 COLONIAL ROAD, Ottawa

16 photos

$619,900

2870 Colonial Road, Ottawa (1116 - Cumberland West), Ontario K0A 3E0

0 beds
0 baths
169 days

Once in Navan go east on Colonial Road for about 10 minutes. Once in Sarsfield the property is on the North Side. Investment opportunity that savvy investors won?t want to miss. Located in the peaceful village of Sarsfield, just minutes from Orleans & Navan, this well-maintained 5plex offers

Fourplex for sale: 412 VICTORIA STREET N, Tweed

20 photos

$849,000

412 Victoria Street N, Tweed, Ontario K0K 3J0

8 beds
4 baths
65 days

Victoria St N & Bridge St W Well maintained purpose-built 4 plex in the Village of Tweed. 3 units currently remodeled, 1 unit tenanted with a long-term Sr tenant, the landlord uses the other unit for his residence. This property offers the potential for an excellent cap rate north of 8%, or

Residential Commercial Mix for sale: 93 HASTINGS STREET N, Bancroft

21 photos

$800,000

93 Hastings Street N, Bancroft, Ontario K0L 1C0

0 beds
4 baths
189 days

Hastings St. N and Station St. Outstanding investment property with an impressive CAP rate exceeding 6% & significant value-add! Located on busiest Main Street in downtown Bancroft, this property offers a rare chance to acquire a potential 5-plex at the price of a triplex with all municipal

Multi-Family for sale: 168 Martel RD, Chapleau

4 photos

$329,000

168 Martel Rd, Chapleau (Chapleau), Ontario P0M 1K0

0 beds
0 baths
24 days

Attention investors!! Look no further! This 5 plex has great earning potential. Ample parking for all tenants and guests with a scenic back yard view. Economical propane heat, 2 Units with ductless heating/air 2020, boiler, , 5 separate meters, some updated. Call for a viewing today! (id:27476)

1473 GARRISON ROAD, Fort Erie

4 photos

$325,000

1473 Garrison Road, Fort Erie (334 - Crescent Park), Ontario L2A 1P7

0 beds
0 baths
79 days

From QEW take exit 5(petit road) then turn right on Garrison road Welcome to the premier destination for developing a lot for a single home residential or a multi unit development in the Crescent Park sub division in the town of Fort Erie. Conveniently situated near Greater Fort Erie High School,

70B DUNSTALL CRESCENT, Toronto

6 photos

$885,000

70b Dunstall Crescent, Toronto (West Hill), Ontario M1E 3M4

0 beds
0 baths
18 days

Lawrence Ave E & Beechgrove As-of right zoning for a 5 Plex (4 Plex + Garden Suite). Positive cash flow after construction. This project qualifies for special MI Select financing with low down payment, low interest rate (est. 3% or less) & 45 year amortization. Special financing only available

Other for sale: 234 DUNDAS STREET W, Quinte West

23 photos

$1,499,600

234 Dundas Street W, Quinte West, Ontario K8V 3R6

14 beds
9 baths
176 days

Dundas St W & Maclellan Ave Live in & Invest!! Rare And Solid Investment 2-story 9 Plex In Trenton's West End With A Good Long-Term Investment!! This Building Has 5-2 Bedroom Units And 4-1 Bedrooms And 9 Are Fully Rented. Well Maintained Interior And Exterior And Has Front And Rear Entrances.

Other for sale: 28 CECIL STREET, Toronto

7 photos

$8,888,000

28 Cecil Street, Toronto (Kensington-Chinatown), Ontario M5T 1N3

18 beds
9 baths
Today

college/ Spadina Unlock the potential of this legal 6-plex, offering the potential opportunity to build an addition over 6,500 sqft and convert to mix use or full commercial property . Perfectly situated steps from U of T, OCAD, Queen's Park, major hospitals, and the TTC, this property provides

House for sale: 2333 GERRARD STREET E, Toronto

9 photos

$1,395,000

2333 Gerrard Street E, Toronto (East End-Danforth), Ontario M4E 2E5

7 beds
4 baths
39 days

Main St and Gerrard St E Masterly designed by ArtHaus Developments and ready to apply for a building permit!! Committee of Adjustment approval has been issued for the construction of a new legal 4-plex building in this high-demand residential location. The property is at the corner of Gerrard

Multi-Family for sale: 292 ST ANDREW STREET, Ottawa

17 photos

$1,775,000

292 St Andrew Street, Ottawa (4002 - Lower Town), Ontario K1N 5G7

0 beds
0 baths
16 days

St. Andrew St & King Edward Ave Invest in 292 St. Andrew Street, a well-maintained and income-generating 6-plex in a central downtown location. This solid, purpose-built property features five renovated units, offering a mix of two one-bedrooms and four large two-bedroom apartments. Recent

Multi-Family for sale: 42-50 STRATFORD STREET, Stratford

22 photos

$1,200,000

42-50 Stratford Street, Stratford (Stratford), Ontario N5A 1G8

0 beds
0 baths
18 days

Erie St/St David St Centrally located 8-plex featuring 4 spacious one-bed and 4 well-appointed two-bed units. Recently upgraded with a brand-new roof (September 2024), boasting a 10-year workmanship warranty and a 50-year manufacturer warranty for peace of mind. Each unit is fully self-contained

192/194 BURGAR STREET, Welland

20 photos

$999,850

192/194 Burgar Street, Welland (768 - Welland Downtown), Ontario L3B 2T4

6 beds
6 baths
19 days

Corner of Hagar St and Burgar St. Calling all savvy investors!! 5-Plex with ability to add more units or use the existing autoshop with hoist!! Entire building has a metal roof so no up-keep needed. Shop can easily be turned into 3 more units at least or can add revenue by renting out as

Multi-Family for sale: 18 OAK STREET, Kawartha Lakes

40 photos

$899,000

18 Oak Street, Kawartha Lakes (Fenelon Falls), Ontario K0M 1N0

0 beds
2 baths
18 days

Oak / Water Rare Legal 5-Plex in the Heart of Fenelon Falls with 3 Vacant Units! Located on historic Oak Street overlooking the Locks, this grand 5-Unit building is a prime investment opportunity with Five 1-Bedroom Units and over $150K in recent upgrades. Three VACANT fully furnished units

Other for sale: 2345 SNYDER ROAD E, Kitchener

26 photos

$1,599,000

2345 Snyder Road E, Kitchener, Ontario N0B 2H0

8 beds
5 baths
31 days

Trussler/Snyder's Rd Fantastic 5 Plex, Each Unit Has Their Own Kitchen, Living Space, 4 Piece Bathroom. Fully Rented. It is 1.6 Acres Lot, You May Rebuild or Extend or Build a Additional House On The Lot. The Lot Has Future Potential. Easy Access To Hwy 7&8 And Amenities On The Boardwalk -

40 ABSALOM STREET E, South Bruce

34 photos

$549,900

40 Absalom Street E, South Bruce (South Bruce), Ontario N0G 2J0

0 beds
0 baths
75 days

From Mildmay's main street, to Absalom St E, property is on right Looking to get into investments? Consider this fully rented solid 5 plex. Two Tenants have been long term, therefore their units are below the going rental amount. Two hot water boilers, one for domestic use and the other for

Other for sale: 636 D'IBERVILLE STREET, Iroquois Falls

22 photos

$396,000

636 D'iberville Street, Iroquois Falls (Iroquois Falls), Ontario P0K 1G0

9 beds
5 baths
67 days

BETWEEN MAIN STREET AND AMBRIDGE DRIVE GREAT INVESTMENT PROPERTY NESTLED IN THE DOWNTOWN OF QUIET IROQUOIS FALLS, THIS COMMUNITY OFFERS PLENTY OF VIABLE INDUSTRY INCLUDING MANY MINES IN THE AREA. THIS 5 PLEX UNIT HAS 2-1 BEDROOM UNITS, 2-2 BEDROOM UNITS AND 1-3 BEDROOM UNIT. THIS PROPERTY ALSO

Other for sale: 229 ELGIN STREET W, Arnprior

29 photos

$649,900

229 Elgin Street W, Arnprior (550 - Arnprior), Ontario K7S 1P4

8 beds
5 baths
20 days

Elgin & McLachlin Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom

Other for sale: 77 MONTREAL STREET, Goderich

40 photos

$1,900,000

77 Montreal Street, Goderich (Goderich Town), Ontario N7A 2G5

10 beds
7 baths
72 days

Sharp turn North onto Montreal St. off Elgin Ave or access off Elgin Ave E. Investors take note! With approximately 10,800 sq. ft. of combined finished and development ready floorspace on all levels combined, the income potential here is palpable! Currently set up as a functional and legal

98 Kathleen Street, Sudbury

58 photos

$349,900

98 Kathleen Street, Sudbury, Ontario P3C 2L9

0 beds
0 baths
7 days

GREAT 5 PLEX IN FAVORABLE RENTAL AREA. PRIVATE, ACROSS THE STREET FROM SPORTS FIELD, STEPS TO BUS ROUTES, SHOPPING, AND ST JEAN BREBEUF CHURCH. 4 - 1 BEDROOM, 1 2-BEDROOM UNIT. LOWER UNIT 1- BEDROOM (CURRENTLY VACANT, SET YOUR OWN RENT.) REAR LANE PRIVATE PARKING (6 + PARKING SPACES

Multi-Family for sale: 337-339 SAULSBURY STREET E, Strathroy-Caradoc

31 photos

$1,550,000

337-339 Saulsbury Street E, Strathroy-Caradoc (NW), Ontario N7G 2B3

0 beds
0 baths
110 days

EAST This looks like a solid investment opportunity! A 5-plex all 2 bedrooms are renovated units, finished basements, and tenants covering utilities is definitely appealing. Plus, the proximity to the hospital and major highways is a big plus. The fact that rents are below market value means

70A DUNSTALL CRESCENT, Toronto

7 photos

$885,000

70a Dunstall Crescent, Toronto (West Hill), Ontario M1E 3M4

0 beds
0 baths
18 days

Lawrence Ave E & Beechgrove As-of right zoning for a 5 Plex (4 Plex + Garden Suite). Positive cash flow after construction. This project qualifies for special MI Select financing with low down payment, low interest rate (est. 3% or less) & 45 year amortization. The special financing is

House for sale: 137 WEST AVENUE N, Hamilton

36 photos

$1,249,000

137 West Avenue N, Hamilton (Landsdale), Ontario L8L 5C4

5 beds
5 baths
53 days

Cannon St E & West Ave N ****TOTALLY RENOVATED with all permits and legal 5 Plex. ALL UNITS ARE VACANT*** Welcome to this beautifully updated and thoughtfully designed 5-unit apartment building, offering a perfect blend of modern comfort and timeless charm. The building features a variety of

Other for sale: 214 MISSISSAGA STREET W, Orillia

40 photos

$1,649,900

214 Mississaga Street W, Orillia (Orillia), Ontario L3V 3B5

4 beds
5 baths
31 days

Douglas St/Mississaga St W Are you an investor? Looking for an investment where the numbers finally work? 1) Presenting an exquisite 5-plex investment property where you have the opportunity to set your own rents, fully reimagined with meticulous attention to detail. This property boasts four

210 YORK Street, Palmerston

42 photos

$899,900

210 York Street, Palmerston, Ontario N0G 2P0

6 beds
5 baths
18 days

York and Main St Welcome to your new investment property! This fantastic gem in beautiful Palmerston is easy investing at it's finest. A fully rented 5-plex is ready to be added to your portfolio. Each unit is fully self-contained with a fridge, stove, washer and dryer. Units 2,3,4 and 5 have

House for sale: 239 MAIN STREET N, Brampton

24 photos

$1,699,000

239 Main Street N, Brampton (Downtown Brampton), Ontario L6X 1N3

5 beds
5 baths
94 days

Main St N & Vodden St Prime Brampton Downtown Location, Legal 5-PLEX, 5INDIVIDUAL 1 BEDROOM APARTMENTS. This very well maintained 5-plexproperty offering convenience and accessibility to GO STATION, transit, and entertainment options. Investment Opportunity, Explore the potential of this income-generating

38-40 ALICE Street, Waterford

4 photos

$499,900

38-40 Alice Street, Waterford, Ontario N0E 1Y0

5 beds
5 baths
39 days

Left on Alice from Main Street South Attention Investors! Welcome to 38-40 Alice St, in beautiful Waterford. Dip your toes into real estate investing with this affordable 5-plex. With long term tenants in place, simply purchase and enjoy the cash flow this property produces. Each unit is a

Multi-Family for sale: 55 PELHAM ROAD, St. Catharines

31 photos

$850,000

55 Pelham Road, St. Catharines, Ontario L2S 1R5

0 beds
0 baths
14 days

RYKERT AND PELHAM SOLID BRICK 5 PLEX INCLUDING 2-2 BDRM UNITS & 3-1 BDRM UNITS. WINDOWS UPDATED IN 2017.OTHER UPDATESINCLUDE BOILER MOTOR 2018,COSMETIC RENOVATIONS TO UNIT 1,3 AND 5. FITTED WITH FIVE SEPARATE HYDROMETERS. ASPHALT PARKING LOT WITH FIVE PARKING SPOTS. FIVE FRIDGES AND FIVE STOVES

Multi-Family for sale: 380 BAYVIEW PARKWAY, Orillia

11 photos

$1,350,000

380 Bayview Parkway, Orillia (Orillia), Ontario L3V 3Y2

0 beds
0 baths
1 day

Atherly Rd & Hwy 12 Looking for a turn key investment? Only 20 years old, this is an exceptional purpose built 5-plex with very low maintenance costs, featuring four 2-bedrooms units and 1 bachelor unit, all with 1 kitchen and 1 full bathroom. Occupied with triple A tenants, this property yields

Other for sale: 1614 RIDGE ROAD E, Oro-Medonte

35 photos

$3,299,000

1614 Ridge Road E, Oro-Medonte (Hawkestone), Ontario L0L 1T0

6 beds
5 baths
44 days

Hwy 11 & 11 Line N Welcome To 'Hawkstone Manor' In Old Charm Historical Hawkestone, Oro-Medonte. First Time Offer For Sale After Completing A Full Preservation Of This Unique Century Grand Manor Home And Fully Renovated Suites. Stunning Curb Appeal With Keystone Brick, Soaring Ceilings, Exquisite

Other for sale: 382 BRANT STREET, Ottawa

24 photos

$999,999

382 Brant Street, Ottawa (3404 - Vanier), Ontario K1L 6V6

5 beds
5 baths
20 days

Mcarthur Ave to Brant St. Amazing Price for 5-plex! Updated & meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks and the downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances, bathrooms, floors more.

House for sale: 1671 KING STREET E, Hamilton

40 photos

$775,000

1671 King Street E, Hamilton (Delta), Ontario L8K 1V2

5 beds
3 baths
49 days

KING ST E & WEXFORD AVE S This well-maintained 4-bedroom, 3-full bathroom family-owned home is located in the sought after Delta area in East Hamilton. 1600sqft above grade plus a fully finished basement. Move in ready! Impeccably cared for over the past 50+ years. Bright interior that has

House for sale: 1094 LINCOLN ROAD, Windsor

43 photos

$1,549,900

1094 Lincoln Road, Windsor, Ontario N8Y 2H4

14 beds
7 baths
17 days

Renovated & charming historic 6-plex in Walkerville with great income. A true turn key with some room to set your own rents too. In the heart of Walkerville this money maker is just steps away from the picturesque Willistead Park and the vibrant local restaurant scene. It offers an excellent

House for sale: 12 CAVELL AVENUE, Toronto

2 photos

$1,299,000

12 Cavell Avenue, Toronto (Mimico), Ontario M8V 1P2

3 beds
1 baths
34 days

Royal York & Cavell Calling All Developers, Builders, Investors!! Turn-Key Multi-Plex Development Opportunity in Sought After South Etobicoke - Fully Permitted, Shovel-Ready Project. This offering provides unparalleled flexibility, with the unique option for the Seller to oversee construction

Other for sale: 9 NAPIER STREET, Assiginack

6 photos

$799,000

9 Napier Street, Assiginack, Ontario P0P 1N0

12 beds
6 baths
18 days

Hwy 6 & Meredith St Welcome to the historic Town Of Manitowaning! Here's your opportunity to own and manage a purpose-built 6-plex. Approximately 3,900 ft2 above ground and approximately 5,700 Ft2 in total. Four 2+1 ~900 ft2 units with balconies on the main and second floors. Two 2+1 ~800

House for sale: 157 ST GEORGE STREET, Welland

39 photos

$564,900

157 St George Street, Welland (772 - Broadway), Ontario L3C 5N9

3 beds
2 baths
18 days

Prince Charles to Broadway then left on St George Looking for a great family home to live and grow? Here it is. This immaculate 3 bedroom 1.1 bath bungalow has 1036 sq ft above grade, a finished basement that has great in-law or income potential, a great 1.5 block garage with carport on back.

Fourplex for sale: 4440 HURON STREET, Niagara Falls

28 photos

$1,980,000

4440 Huron Street, Niagara Falls (210 - Downtown), Ontario L2E 2G9

9 beds
8 baths
63 days

Huron St / St Clair Ave Welcome to 4440 Huron St, a fully renovated four-plex townhouse (12 bedrooms) situated in the heart of Niagara Falls. Located just steps from the University of Niagara Falls, world-renowned casinos, and iconic attractions, this property offers an unmatched investment

House for sale: 10 CAVELL AVENUE, Toronto

2 photos

$1,299,000

10 Cavell Avenue, Toronto (Mimico), Ontario M8V 1P2

3 beds
1 baths
34 days

Royal York & Cavell Calling All Developers, Builders, Investors!! Turn-Key Multi-Plex Development Opportunity in Sought After South Etobicoke - Fully Permitted, Shovel-Ready Project. This offering provides unparalleled flexibility, with the unique option for the Seller to oversee construction

Multi-Family for sale: 200 Rowand ST, Thunder Bay

43 photos

$649,900

200 Rowand St, Thunder Bay (Thunder Bay), Ontario P7C 2P4

0 beds
0 baths
24 days

Corner of Rowand Street and McKenzie Street 8 PLEX Solid Brick Multi-Family investment Property. 1300sf x3 flr. NEWLY RENOVATED 2021. Professionally Managed. CASH RENTAL INCOME Unit#8-$975, #7-$630, #6-$1150, #5-$630, #4-$1100, #3-$776, #2-$1000, #1-$1125- Total Monthly Rent **$7,386/m TOTAL

Fourplex for sale: 89 EMMA STREET, Guelph

40 photos

$1,400,000

89 Emma Street, Guelph (Waverley), Ontario N1E 1V1

8 beds
4 baths
29 days

Emma & Delhi Introducing a remarkable 4-plex in the General Hospital area of Guelph. This exceptional investment opportunity is located in a quiet residential neighbourhood and on a bus route. Purpose built, brick construction 4-plex offers a solid foundation for your real estate portfolio.

Fourplex for sale: 89 EMMA Street, Guelph

48 photos

$1,400,000

89 Emma Street, Guelph, Ontario N1E 1V1

8 beds
4 baths
29 days

Emma St & Delhi Introducing a remarkable 4-plex in the General Hospital area of Guelph. This exceptional investment opportunity is located in a quiet residential neighbourhood and on a bus route. Purpose built, brick construction 4-plex offers a solid foundation for your real estate portfolio.

56 NORFOLK STREET S, Norfolk County

28 photos

$1,349,000

56 Norfolk Street S, Norfolk County, Ontario N3Y 2W2

0 beds
0 baths
44 days

Located on Norfolk st S. Main St of Simcoe (highway # 24) Property is on West side. Amazing Freshly Renovated Mixed Use 8 Plex For Sale, located in one of the best locations Simcoe has to Offer. This Fully Leased Three Story Building is over 9000 Sq. Ft. Above Grade, Featuring 2 Commercial

House for sale: 695 MILL STREET, Saugeen Shores

20 photos

$849,900

695 Mill Street, Saugeen Shores (Saugeen Shores), Ontario N0H 2C0

6 beds
6 baths
87 days

From Goderich Street, Go East on Mill Street to #695 on left. ATTENTION INVESTORS! Fully rented Tri-plex with a very strong income stream and small operating expenses. The property has wonderful curb appeal, landscaped grounds and a concrete driveway with parking for 5. The building is a yellow

839 MOSLEY Street, Wasaga Beach

39 photos

$2,199,999

839 Mosley Street, Wasaga Beach, Ontario L9Z 2H5

0 beds
0 baths
24 days

Located on Mosley Street at 19th Street North Nestled in a stunning riverside location, this beautifully situated 10-plex offers both charm and investment appeal. Each unit enjoys ample parking, while recent upgrades have enhanced the property’s rental potential. With a strong cap rate

Exploring the 5-Plex in Ontario Province

Ontario, a province known for its vibrant cities and picturesque landscapes, offers a diverse range of real estate opportunities. Among these, the 5-plex properties stand out as a unique investment option. These multi-unit buildings provide a balance between residential comfort and investment potential, making them an attractive choice for both homeowners and investors.

The Appeal of Multi-Unit Properties

Multi-unit properties, such as the 5-plex in Ontario, offer several advantages. They provide a steady rental income stream, which can help offset mortgage payments and other expenses. Additionally, owning multiple units in a single location reduces the complexity of managing properties spread across different areas.

Investors often compare the 5-plex to other multi-unit options like the 10-plex or the 6-plex. While larger complexes may offer higher income potential, the 5-plex strikes a balance between manageability and profitability.

Location and Lifestyle

Location is a critical factor when considering a 5-plex investment. Ontario's diverse regions offer various lifestyle options, from urban living to serene countryside settings. For instance, the Hampton area provides a quaint, small-town feel, while downtown Stratford offers a bustling urban environment.

In Burlington's Orchard neighborhood, residents enjoy a blend of suburban tranquility and city convenience. This area is known for its family-friendly atmosphere and proximity to amenities, making it a desirable location for a 5-plex.

Investment Potential

The investment potential of a 5-plex in Ontario is significant. With the province's growing population and strong rental demand, these properties can yield substantial returns. The Wellington area is particularly noteworthy for its robust rental market, attracting both young professionals and families.

Investors should also consider the Stratford region, known for its cultural attractions and vibrant arts scene. This area draws a diverse tenant base, enhancing the appeal of a 5-plex investment.

Comparing with Other Multi-Unit Options

When evaluating a 5-plex, it's essential to compare it with other multi-unit options. The 4-plex offers a slightly smaller scale, which may be more manageable for first-time investors. However, the additional unit in a 5-plex can significantly increase rental income.

On the other hand, larger complexes like the 10-plex require more extensive management but offer higher income potential. Investors must weigh these factors based on their financial goals and management capabilities.

Challenges and Considerations

While the benefits of owning a 5-plex are numerous, there are also challenges to consider. Property management can be demanding, especially for those new to real estate investment. It's crucial to have a solid understanding of tenant laws and property maintenance requirements.

Additionally, financing a 5-plex may differ from traditional single-family homes. Lenders often have specific criteria for multi-unit properties, and securing a mortgage may require a larger down payment or higher interest rates.