401-403 Water St E

About this Property

Are you looking for a wonderful property for your investment portfolio? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. "Other" expense is natural Gas $785.64/year for on demand HW. 48 hour notice required for showings. This property is also listed under commercial MLS#: X13765952

Listing Details

MLS #

X13781138

Board

PROPTX

Market

ontario

Property Type

Multiplex

Style

Other

Garage

None

Parking Spaces

4

Basement

Crawl Space

Heating

Baseboard

Cooling

None

Pool

None

Lot Size

44.72 × 60 ft

Annual Taxes

$5,262/yr

Listed By

ROYAL LEPAGE PERFORMANCE REALTY

Listed On

September 11, 2026

Features & Extras