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$599,900
Status: For Sale
Great investment opportunity with this legal rooming house. This spacious 2,200 sq. ft. home features six bedrooms and is currently occupied by five tenants, with one room vacant, offering immediate income growth potential. Current rental income totals $3,006 per month. The property includes a two-car garage, a fully fenced backyard, and a finished basement of approximately 900 sq. ft., providing additional usable living space. The original living room and family room have been converted into bedrooms to maximize rental potential, while the original dining room now serves as a shared living area. Tenants also enjoy access to a shared eat-in kitchen. Operating costs are reasonable, with 2025 utility expenses totaling approximately $1,600 for hydro, $1,532 for gas, and $2,330 for water. This well-maintained legal rooming house offers strong cash-flow potential and is an excellent opportunity for investors seeking a turnkey income property with room for increased revenue through full occupancy.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :S13433222 |
| Listing Type | :Sale |
| Property Age | :31-50 Years |
| Possession Date | : |
| Last Updated | :28 Jul, 2026 (8 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Simcoe |
|---|---|
| Postal Code | :
L4M 5W9
|
| Price | : $599,900 |
|---|---|
| Property Taxes | :$5308.0 |
| Tax Year | :2025 |
|---|
| Bedrooms | :4 + 0 |
|---|---|
| No. of Rooms | :8 |
| Heating | :Forced Air |
| Cross Street | :Grove St to Johnson St to Hickling Trail |
| Bathrooms | :4 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :2000-2500 sqft |
| Fireplace/Stove | :Yes |
| Bathroom | :0.0 m x 0.0 m |
|---|---|
| Bedroom | :3.7 m x 2.99 m |
| Dining Room | :4.05 m x 2.65 m |
| Primary Bedroom | :5.15 m x 3.45 m |
| Bathroom | :0.0 m x 0.0 m |
| Bedroom | :3.95 m x 2.77 m |
| Bathroom | :0.0 m x 0.0 m |
|---|---|
| Living Room | :6.4 m x 3.22 m |
| Bedroom | :3.1 m x 3.66 m |
| Kitchen | :5.5 m x 3.4 m |
| Bathroom | :0.0 m x 0.0 m |
| Family Room | :6.0 m x 3.25 m |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :6 |
| Basement | :Full |
| Garage | :Attached |
|---|---|
| Laundry Level | :Main Level |
| Park | :Park |
11 Jun, 2026
TREB #S13433222
Listed
$599900.0
