6-Plex Properties for Sale in Ontario Province

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House for sale: 063390 SOUTHGATE RD 6, Wellington North

11 photos

$1,399,000

063390 Southgate Rd 6, Wellington North (Rural Wellington North), Ontario N0G 2L0

5 beds
3 baths
47 days

Southgate Rd 06 just west of Southgate Road 41 NEW HOME - Located in the beautiful Maple Rock Estates subdivision, this custom home by local builders Ostrander Construction is one of the last builds within this stunning community. This 1825 square foot bungalow offers the ultimate floor plan

Fourplex for sale: 6 EARLE STREET, Cobalt

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$299,000

6 Earle Street, Cobalt (Cobalt), Ontario P0J 1C0

8 beds
4 baths
140 days

Lang Fully rented 4 Plex to long-term tenants in the historic town of Cobalt. Centrally located near bus stops, library, restaurants & bar. It's only a short walk to the parks and the Classic Theatre. This complex includes. 2- 2 bedrooms, 1- 1 bedroom, and 1-3 bedroom apt. Laundry hookups in

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

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$1,775,000

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

0 beds
0 baths
55 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

Other for sale: 27 KING GEORGE SQUARE, Belleville

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$1,099,900

27 King George Square, Belleville (Belleville Ward), Ontario K8P 2A6

8 beds
6 baths
146 days

N Front King George Sq brick 6 plex. Great central location close to city downtown and North Front St. Well maintained over a number of years. 2- 1 Br units and 4-2Br units. Roof and windows newly upgraded. All units have balconies. Heat and hydro payed by tenants all units individually

Other for sale: 590 MAIN STREET E, Hamilton

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$1,899,900

590 Main Street E, Hamilton (St. Clair), Ontario L8M 1J6

8 beds
6 baths
11 days

Main St E and Gladstone Ave The perfect addition to your investment portfolio. Welcome to this Turn Key 6 Plex that has been fully renovated. Located in the heart of downtown Hamilton close to transit and many amenities. This fully tenanted property features six residential units, two 2-bedroom

Multi-Family for sale: 319 BERFORD STREET, South Bruce Peninsula

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$899,000

319 Berford Street, South Bruce Peninsula (South Bruce Peninsula), Ontario N0H 2T0

5 beds
0 baths
118 days

Heading North on HWY 6 turning into Berford ST. Property located on the Right. Solid Brick two storey style 6 plex with a large lot, located in the downtown core of Wiarton, within walking distance to the Foodland, Tim Hortons, Hospital, Post Office, and the downtown Retail stores. Property

Other for sale: 9 NAPIER STREET, Assiginack

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$799,000

9 Napier Street, Assiginack, Ontario P0P 1N0

12 beds
6 baths
57 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

Multi-Family for sale: 5 NORTHCLIFFE BOULEVARD, Toronto

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$2,499,000

5 Northcliffe Boulevard, Toronto (Corso Italia-Davenport), Ontario M6H 3G9

0 beds
0 baths
27 days

St Clair Ave West & Regal Road Don't miss this rare opportunity to own a meticulously maintained, legal 6-plex in one of Toronto's most sought-after neighborhoods. This income-generating property features six spacious one-bedroom units, three of which are enhanced by charming fireplaces, plus

Multi-Family for sale: 107 SEVENTH STREET W, Cornwall

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$799,900

107 Seventh Street W, Cornwall (717 - Cornwall), Ontario K6J 2Y1

0 beds
0 baths
57 days

Take Pitt St. South to Seventh St. Go West on Seventh. There is a sign on the property. Don't miss out on this 6 plex with an excellent gross income of $72062 and a net income of $53118. . The property features 1-3 bdrm unit, 2-2 bdrm units, 1-1 bdrm unit and 2 bachelor apartments. This building

Multi-Family for sale: 13 WESTINGHOUSE AVENUE, Hamilton

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$859,900

13 Westinghouse Avenue, Hamilton (Gibson), Ontario L8L 6E4

9 beds
0 baths
29 days

Westinghouse Ave Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross

Other for sale: 45 COLLEGE STREET E, Belleville

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$1,100,000

45 College Street E, Belleville (Belleville Ward), Ontario K8P 2E4

9 beds
6 baths
277 days

Sidney Street/College Street E Anybody looking for a 6 plex in Belleville? Fully rented and renovated in 2016 so no work for you!. 4 units with 2 bedrooms and 1 bath and 2 units with 1 bedroom and 1 bath. Convenient location close to downtown or grocery store. **EXTRAS** Attachment for Income

Multi-Family for sale: 70 WELLINGTON STREET, Kawartha Lakes

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$1,100,000

70 Wellington Street, Kawartha Lakes (Lindsay), Ontario K9V 3N7

0 beds
0 baths
126 days

WELLINGTON ST AND SUSSEX ST N Immaculately maintained 6-plex investment opportunity at 70 Wellington St, Lindsay, Ontario! This prime property boasts three spacious 2-bedroom units and three cozy 1-bedroom units, making it a versatile income generator. Nestled in a fantastic neighbourhood,

Other for sale: 60 MILL STREET, Stirling-Rawdon

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$1,990,000

60 Mill Street, Stirling-Rawdon (Stirling Ward), Ontario K0K 3E0

11 beds
10 baths
31 days

Corner of James Street & Mill Street Investment opportunity in quiet and sought after town of Stirling! There are 2 separate buildings (6-unit and 4-unit) with a potential for severance or leave as one parcel. Both are very clean and well maintained with lots of parking between the two buildings.

Multi-Family for sale: 41-49 MAIN STREET E, Champlain

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$799,000

41-49 Main Street E, Champlain (613 - Vankleek Hill), Ontario K0B 1R0

0 beds
0 baths
126 days

FROM HWY 417 EXIT AT HWY 34 NORTH, DRIVE UP TO THE TRAFFIC LIGHTS, ON MAIN STREET, TURN RIGHT (EAST). THE PROPERTY IS LOCATED ON YOUR LEFT ADJACENT TO THE SCOTIABANK BRANCH. ATTENTION INVESTORS, 6 PLEX FULLY RENTED !!! PRIME LOCATION !!! LOCATED 1 HOUR FROM OTTAWA OR MONTREAL WITH EASY ACESS

Other for sale: 37 FIRST STREET, Orangeville

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$1,899,000

37 First Street, Orangeville (Orangeville), Ontario L9W 2E3

12 beds
9 baths
142 days

First St and Second Ave Orangeville - Charming Victorian, Legal 6-plex spacious units (see attached floor plans - each unit is separately metered and all have ensuite laundry. Each unit has individual outdoor space deck patios. 2-3 bedroom - 3-1 bedroom / 1-2 bedrooms. Awesome location , First

226 CARRUTHERS AVENUE, Ottawa

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$690,000

226 Carruthers Avenue, Ottawa (4202 - Hintonburg), Ontario K1Y 1N9

0 beds
0 baths
27 days

Armstrong at Carruthers 226 CARRUTHERS HAS TRIPLEX APPROVED, 2-3BEDROOMS APARTMENTS AND 1-4 BEDROOM (2 STOREY) APARTMENT. FABULOUS MULTI UNIT DEVELOPMENT OPPORTUNITY IN HINTONBURG! Prime and shovel ready development opportunity in the popular and vibrant neighborhood of Hintonburg. Severance

81 BRYBECK Crescent, Kitchener

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$1,349,000

81 Brybeck Crescent, Kitchener, Ontario N2M 2C5

0 beds
0 baths
28 days

Westmount to Brybeck Attention investors. Purpose built 6-plex in Kitchener. Well kept building with long term tenants. Heating is with boiler in basement and hot water running through radiator in each apartment. New water softener installed 2023, new asphalt on driveway and parking in 2021,

Fourplex for sale: 24 QUEEN STREET, Belleville

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$585,000

24 Queen Street, Belleville (Belleville Ward), Ontario K8N 1T4

6 beds
4 baths
32 days

George Street and Queen Street Do you know what's better than a duplex or a triplex? A FOURPLEX! This attractive century building in the heart of Old East Hill, Belleville, sits proudly on a corner lot at Queen Street and George Street, offering timeless character and a solid investment opportunity.

Multi-Family for sale: 150 13TH STREET W, Owen Sound

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$349,000

150 13th Street W, Owen Sound (Owen Sound), Ontario N4K 3W4

6 beds
0 baths
119 days

From 10th St. turn South onto 1st st. W. follow to 13th st. Turn left and property is on the right. Tri-Plex in Owen Sound! Commercially Zoned Triplex with a 3 bedroom unit, a 2 bedroom unit and a 1 bedroom unit. Zoned MC so has ample oportunities. (See documents for approved MC zoning options)

Other for sale: 32 RIVERSIDE DRIVE, Kapuskasing

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$445,000

32 Riverside Drive, Kapuskasing (Kapuskasing), Ontario P5N 1A3

4 beds
4 baths
27 days

Turn off highway 11 onto Riverside Drive This charming 4-plex property located in the heart of downtown Kapuskasing is meticulously maintained, fully renovated and offers a great investment opportunity. The location of this property provides convenient access to local amenities, shops, and

Multi-Family for sale: 81 HAMILTON STREET N, Hamilton

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$3,199,900

81 Hamilton Street N, Hamilton (Waterdown), Ontario L0R 2H0

0 beds
0 baths
11 days

Dundas & Waterdown Welcome to this truly incredible investment property in the heart of Waterdown. This 6-plex has been meticulously maintained and updated by the original owner. Each apartment features two good sized bedrooms, in-suite laundry, a storage room AND boasts 1,250 square feet!

House for sale: 51 FOURTH STREET, Welland

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$559,900

51 Fourth Street, Welland (773 - Lincoln/Crowland), Ontario L3B 4X7

4 beds
2 baths
67 days

Lincoln St./King St. Huge Mortgage Helper* This property features two houses on one lot: a main house and a beautifully separate guest house/in-law suite/auxiliary apartment. Main House: Two-storey, 2 bedrooms, 1 bathroom 1,005 sq. ft. Full, high, dry basement Heated by a high-efficiency Keeprite

Other for sale: 134 GOLDEN AVENUE, Timmins

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$349,000

134 Golden Avenue, Timmins (SP - Main Area), Ontario P0N 1C0

8 beds
6 baths
7 days

Near Evans Street and Golden Ave Great 6-Plex located steps away from Porcupine Lake and Downtown South Porcupine. Fully tenanted building with long term tenants. 4 Bachelor , 1 -2 bedroom and 1- 1 bedroom apartments and shared coined laundry facilities. (id:27476)

Fourplex for sale: 412 VICTORIA STREET N, Tweed)

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$849,000

412 Victoria Street N, Tweed) (Tweed (Village)), Ontario K0K 3J0

8 beds
4 baths
104 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

Multi-Family for sale: 39 PROSPECT AVENUE, Kirkland Lake

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$149,000

39 Prospect Avenue, Kirkland Lake (KL & Area), Ontario P2N 2V5

0 beds
0 baths
118 days

Prospect Ave & Kirkland St W Attention Investor!!! 6 plex with possible to convert to 11plex, located in a prime location with lots of potential. Mixed with all 3 beds 2 Beds and 1 beds Units which is located the main and second floor. All units fully vacant and you can set the tenancy with

Fourplex for sale: 15-17 LLOYD STREET, Oshawa

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$898,000

15-17 Lloyd Street, Oshawa (Central), Ontario L1H 1X2

12 beds
4 baths
6 days

CENTRAL ST S & JOHN ST W Attention investors !! Prime Investment opportunity !This well maintained legal fourplex offers very strong rental income with all units leased to quality tenants at premium rents (no long term tenants) paying their own utilities, turnkey investment with impressive

145 NORFOLK Street S, Simcoe

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$780,000

145 Norfolk Street S, Simcoe, Ontario N3Y 2W2

6 beds
6 baths
83 days

From Corner of Highway 24/Norfolk St and Highway 3/Queensway: Head south on Hwy 24/Norfolk St through downtown to Victoria St. Home is on corner. Free street parking on both sides of Norfolk St. Prime Investment Opportunity in Downtown Simcoe!. Discover the perfect blend of modern living and

Multi-Family for sale: 144 Second Line W, Sault Ste. Marie

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$1,095,000

144 Second Line W, Sault Ste. Marie (Sault Ste. Marie), Ontario P6C 2H9

0 beds
0 baths
83 days

Don't miss this investment opportunity. Quality built 6-plex in good west end location. Solid, well constructed building. 5-2 bedroom and 1-1 bedroom unit. All units are above ground. Spacious units with lots of storage space in each unit. On site laundry facilities and ample storage areas

Multi-Family for sale: 18 GORDON STREET, Belleville

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$795,000

18 Gordon Street, Belleville, Ontario K8P 3E3

0 beds
6 baths
51 days

Pinnacle St / Moira St W 6-plex residential investment opportunity. This is a cash flowing turnkey, offering 6 individual units (1 two bedroom unit & 5 one bedroom units) Each unit boasts a very similar design and separate heat controls/hydro meters. Current gross rent is $87,000 per year with

34 OAK Street, Cambridge

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$1,250,000

34 Oak Street, Cambridge, Ontario N1R 4K6

7 beds
0 baths
29 days

BALL AVE An excellent investment opportunity in the highly desirable East Galt neighborhood of Cambridge, Ontario. This legal non-conforming 6-plex is fully rented, offering steady income with separate hydro meters for each unit. Tenants will enjoy the convenience of coin-operated laundry facilities

House for sale: 5 NORTHCLIFFE BOULEVARD, Toronto

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$2,499,000

5 Northcliffe Boulevard, Toronto (Corso Italia-Davenport), Ontario M6H 3G9

6 beds
7 baths
27 days

St Clair Ave West & Regal Road Don't miss this rare opportunity to own a meticulously maintained, legal 6-plex in one of Toronto's most sought-after neighbourhoods. This income-generating property features six one-bedroom units, three of which are enhanced by charming fireplaces, plus a separate

Multi-Family for sale: 478 JANETTE AVENUE, Windsor

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$2,100,000

478 Janette Avenue, Windsor, Ontario N9A 4Z5

0 beds
0 baths
11 days

ATTENTION INVESTORS! ROYALTY HOMES PRESENTS 478 JANETTE, BRAND NEW FULL BRICK 6 PLEX BUILDING WITH 2 UNITS PER FLOOR. APPROXIMATELY 1400 SQUARE FEET PER UNIT. FIRE AND NOISE SEPERATION BETWEEN EACH UNIT. FULLY FINISHED WITH A TOTAL OF 3 BEDROOMS AND 2 BATH PER UNIT. EASCH UNIT HAS ITS OWN

Multi-Family for sale: 406-408 TELEGRAPH STREET, Alfred and Plantagenet

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$724,900

406-408 Telegraph Street, Alfred and Plantagenet (609 - Alfred), Ontario K0B 1A0

0 beds
0 baths
117 days

FROM ST-PHILIPPE STREET, TURN LEFT ONTO SECOURS STREET THEN, TURN RIGHT ONTO TELEGRAPH STREET.THE PROPERTY WILL BE ON YOUR LEFT This well-maintained 6-plex in Alfred offers a strong investment opportunity. Located near key amenities, including a grocery store, gas station, restaurants, and

Multi-Family for sale: 314 CHRISTINA STREET South, Sarnia

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$495,000

314 Christina Street South, Sarnia, Ontario N7T 2N5

0 beds
0 baths
73 days

ON SOUTH CHRISTINA STREET ON EAST SIDE JUST SOUTH OF DEVINE STREET EXCELLENT 6 PLEX NEAR DOWNTOWN AND CENTENNIAL PARK. UNIT ONE $1,200.00 UTILITIES INCLUDED. UNIT TWO $632.42 UTILITIES INCLUDED. UNIT THREE $769.77 UTILITIES INCLUDED. UNIT FOUR $973.75 UTILITIES INCLUDED. UNIT FIVE $508.40 UTILITIES

Multi-Family for sale: 137 WINDSOR CRESCENT, London

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$1,069,900

137 Windsor Crescent, London (South F), Ontario N6C 1V9

0 beds
0 baths
7 days

HIGH STREET Very well maintained, purpose built 6 plex. Units: 4x1bdrm; 1x1bdrm and 1 bachelor. 4 car carport/garage, extra parking spots and 2 level deck at the back of the building. Shared coin operated laundry with locker for each unit. Separate hydro meters. Hot water radiators (gas). Hardwood

3 TAUVETTE STREET, Ottawa

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$1,489,900

3 Tauvette Street, Ottawa (2301 - Blackburn Hamlet), Ontario K1B 3A1

0 beds
0 baths
143 days

Driving West On Innes through Blackburn turn right onto Tauvette Opportunity knocks. Permit ready for 6 plex build 75 x 235 lot on no exit street with NCC across the street! Beautiful setting in an area with very little rentals available. Build and Flip or build and keep, either way there

Multi-Family for sale: 9 CAMBRIDGE STREET, Guelph

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$999,900

9 Cambridge Street, Guelph (Downtown), Ontario N1H 2T8

0 beds
0 baths
32 days

Dublin St N / Paisley St A rare opportunity to own a large red-brick 6-plex just steps to downtown Guelph. There are 4 two-bedroom units and 2 one-bedroom units, four private parking spots in the rear laneway plus ample 24/7/365 street parking right in front of the building. This 4800 square

Other for sale: 137 WINDSOR CRESCENT, London

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$1,069,900

137 Windsor Crescent, London (South F), Ontario N6C 1V9

6 beds
6 baths
6 days

HIGH STREET Very well maintained, purpose built 6 plex. Units: 4x1bdrm; 1x1bdrm and 1 bachelor. 4 car carport/garage, extra parking spots and 2 level deck at the back of the building. Shared coin operated laundry with locker for each unit. Separate hydro meters. Hot water radiators (gas). Hardwood

Other for sale: 3 MARMORA STREET, Quinte West

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$1,060,000

3 Marmora Street, Quinte West, Ontario K8V 2H4

6 beds
6 baths
74 days

Marmora Street at South Street Welcome to 3 Marmora Street, Trenton a rare investment opportunity in a prime location. This purpose-built 6-plex offers incredible potential with two vacant units, allowing you to select your ideal tenants and set the rents to maximize cash flow. With a well-maintained,

70A DUNSTALL CRESCENT, Toronto

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$885,000

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

0 beds
0 baths
57 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

70B DUNSTALL CRESCENT, Toronto

6 photos

$885,000

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

0 beds
0 baths
57 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

590 MAIN Street E, Hamilton

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$1,899,900

590 Main Street E, Hamilton, Ontario L8M 1J6

8 beds
6 baths
11 days

Main St E between Sanford Ave S and Gladstone Ave. The perfect addition to your investment portfolio. Welcome to this Turn Key 6 Plex that has been fully renovated. Located in the heart of downtown Hamilton close to transit and many amenities. This fully tenanted property features six residential

81 HAMILTON Street N, Waterdown

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$3,199,900

81 Hamilton Street N, Waterdown, Ontario L0R 2H0

0 beds
0 baths
11 days

West on Dundas St - North on Hamilton Street N. Welcome to this truly incredible investment property in the heart of Waterdown. This 6-plex has been meticulously maintained and updated by the original owner. Each apartment features two good sized bedrooms, in-suite laundry, a storage room AND

House for sale: 102 GUESTVILLE AVENUE, Toronto

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$1,679,000

102 Guestville Avenue, Toronto (Mount Dennis), Ontario M6N 4N6

9 beds
4 baths
13 days

Eglinton Ave West /Weston Rd Rare Investment opportunity! This home situated on a spacious lot, offers great potential for both investors and buyer to live and get additional income from basement and bachelor apartment located in the garage. Prime location steps to subway. This area is Surrounded

Row / Townhouse for sale: 66 LOMOND Lane, Kitchener

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$579,900

66 Lomond Lane, Kitchener, Ontario N2R 0T6

2 beds
3 baths
14 days

Fischer Hallman Rd. Huron Road to Beckview Drive to Tartan Av to Lomond Lane Wake up to breathtaking pond views in this stunning Topaz model at Wallaceton Urban Towns! This brand-new stacked townhouse blends modern luxury with natural beauty, offering 1,225 sq. ft. of thoughtfully designed

Other for sale: 169 ADELAIDE STREET, London

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$799,900

169 Adelaide Street, London (East K), Ontario N6B 3G9

6 beds
5 baths
18 days

Grey Street An exceptional opportunity awaits with this residential 6-plex located on a prominent corner lot in London, Ontario. Offering flexible commercial zoning, this property provides endless possibilities for future use while currently generating a gross rental income of nearly $80,000annually.

Multi-Family for sale: 77 CHIPPAWA ROAD, Port Colborne

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$749,900

77 Chippawa Road, Port Colborne (873 - Bethel), Ontario L3K 1T4

6 beds
0 baths
292 days

Hwy 140 South to Chippawa Rd west Welcome to this beautiful 4 Plex building in the heart of Port Colborne. Close access to Highway 140 and Highway 3. Fully renovated in 2021 including new roof. All apartments pay their own hydro, ductless heat/air units in each apartments with separate controls

Multi-Family for sale: 44-46 Third AVE, Wawa

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$799,900

44-46 Third Ave, Wawa (Wawa), Ontario P0S 1K0

0 beds
0 baths
57 days

Turnkey six-plex in the heart of Wawa. This two-storey apartment was purpose built in 1989 and contains six units (3 two-bedroom, 3 one bedroom). The interior and exterior are in mint condition and the apartments come fully-furnished. All six apartments are currently vacant, so you can vet

Multi-Family for sale: 84 MAIN STREET, Timmins

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$499,000

84 Main Street, Timmins (SP - Main Area), Ontario P0N 1H0

0 beds
0 baths
75 days

Main St. and Shamrock Ave Exceptional 6-plex investment opportunity at 84 Main Street, Timmins. 6.95% CAP and 13% IRR! Detached two-storey multi-residential building featuring six units. Perfectly situated at the intersection of Main and Shamrock, the property provides tenants with convenient

4 ONTARIO STREET, Grimsby

10 photos

$1,700,000

4 Ontario Street, Grimsby (542 - Grimsby East), Ontario L3M 3G9

0 beds
0 baths
4 days

Main Excellent Cash flow in this 6 plex with Three commercial units and 3 Residential units, All fully rented. the whole building has been updated with new kitchens and new flooring. New fire escape push bar doors and freshly painted exterior, Pot lights and all new bathrooms in each of the

Exploring the 6-Plex Housing Market in Ontario

The real estate market in Ontario is as diverse as its landscape, offering a variety of housing options to meet the needs of its residents. Among these options, the 6-plex housing model has gained significant attention. This type of property, which consists of six separate units within a single building, provides a unique blend of community living and privacy. In this article, we will delve into the intricacies of 6-plex properties in Ontario, exploring their benefits, challenges, and the current market trends.

The Appeal of 6-Plex Properties

6-plex properties offer a compelling investment opportunity for both seasoned and novice real estate investors. The primary appeal lies in the potential for multiple streams of rental income from a single property. This can be particularly advantageous in urban areas where rental demand is high. For instance, in Toronto's Bloor West, a 6-plex can cater to the diverse needs of the city's population, from young professionals to small families.

Moreover, 6-plexes provide a sense of community while maintaining individual privacy. Each unit is self-contained, offering tenants their own living space while sharing common areas such as gardens or parking facilities. This balance is attractive to many renters who seek the social benefits of communal living without sacrificing personal space.

Challenges in Managing 6-Plex Properties

Despite their advantages, managing a 6-plex property comes with its own set of challenges. Property owners must be prepared to handle the complexities of maintaining multiple units, which can include everything from routine maintenance to addressing tenant concerns. In areas like Waterloo, where student populations are high, the turnover rate can be significant, requiring diligent management to ensure units are consistently occupied.

Additionally, financing a 6-plex can be more complex than purchasing a single-family home. Lenders may have stricter requirements, and potential investors need to be aware of the financial implications. However, the long-term benefits often outweigh these initial hurdles, especially in thriving markets such as Ontario's real estate sector.

Market Trends and Opportunities

The demand for multi-unit properties like 6-plexes is on the rise in Ontario. This trend is driven by several factors, including urbanization, population growth, and the increasing cost of single-family homes. Cities such as Woodstock and Stratford are seeing a surge in interest for these types of properties, as they offer a more affordable entry point into the housing market.

Investors are also drawn to the potential for property appreciation in these areas. As urban centers expand, the value of well-located 6-plexes is likely to increase, providing a lucrative return on investment. For example, units in Woodstock are becoming increasingly desirable due to their proximity to major cities and local amenities.

Case Studies: Successful 6-Plex Investments

Several case studies highlight the success of 6-plex investments in Ontario. In Riverside, a well-maintained 6-plex was able to attract long-term tenants, resulting in a stable income stream for the owner. The property's strategic location near public transport and shopping centers made it particularly appealing to renters.

Similarly, a 6-plex in Cornwall demonstrated the potential for value addition through renovations. By upgrading the units and enhancing the building's curb appeal, the owner was able to increase rental rates and attract higher-quality tenants. This approach not only improved cash flow but also boosted the property's overall market value.

Future Prospects for 6-Plex Properties

Looking ahead, the future of 6-plex properties in Ontario appears promising. As the province continues to grow and evolve, the demand for flexible and affordable housing solutions will likely persist. Investors who can navigate the challenges and capitalize on the opportunities presented by this market stand to benefit significantly.

In areas like Montague, where development is ongoing, 6-plex properties offer a chance to be part of a burgeoning community. Similarly, handyman specials present an opportunity for those willing to invest time and resources into property improvement, potentially reaping substantial rewards.

In conclusion, the 6-plex housing model in Ontario presents a unique blend of challenges and opportunities. With careful planning and strategic investment, these properties can offer significant returns and contribute to the province's dynamic real estate landscape.