226 Railway St

About this Property

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!

Listing Details

MLS #

X14095578

Board

PROPTX

Market

ontario

Property Type

Fourplex

Style

1 1/2 Storey

Year Built

100+

Garage

None

Parking Spaces

8

Basement

Unfinished, Sep Entrance

Heating

Baseboard

Cooling

None

Pool

None

Lot Size

159.6 × 136.13 ft

Annual Taxes

$2,173/yr

Listed By

Royal LePage Northern Life Realty, Brokerage

Listed On

October 19, 2026

Features & Extras