Homes for sale - 20 South ST, Edwardsburgh/cardinal, ON K0E 1X0

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Fawad Nissari

fawad.nissari@exprealty.com +1(416) 878-1085

$ 1,149,000

Est. payment | -/mo

9 Beds

4 Baths

Save

$ 1,149,000

Est. payment | -/mo

Save

9 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 807 - Edwardsburgh/Cardinal Twp

MLS Listing ID X12172295

Style 2-Storey

Bedrooms 9

Annual Tax Amount $4,000

Tax Year 2025

Property Sub-Type Fourplex

Property Description

All 4 Units have been completely updated!Welcome to a truly one-of-a-kind investment opportunity steeped in character and rich local history. Originally built in 1871 as Spencervilles very first schoolhouse, this remarkable stone building has been thoughtfully transformed into a fully renovated four-unit income property, offering modern comfort while preserving its timeless charm.Set in the heart of picturesque Spencerville, Ontario, this 4-plex features three stylish 2-bedroom, 1-bathroom apartments and one spacious 3-bedroom, 1-bathroom unit, each boasting open-concept layouts, sleek vinyl flooring, and stainless steel appliances. With 2-foot thick solid stone walls and soaring ceilings, every apartment offers a unique blend of warmth, character, and durability.Currently tenanted by long-term residents in three of the four units, the fourth unit operates as a successful Airbnb, generating an average of $2,800-$3000/month since February 2025. The property provides a strong rental income stream with current rents of $1,950 for the 3-bedroom unit and $1,850 for each 2-bedroom apartmentwith rent increases scheduled for 2025. Net Operating Income (NOI): $90,300. Projected 2025 NOI: $92,000. Low annual expenses: Taxes ($4,000), Insurance ($2,650), Heating ($1,500)This is an ideal property for investors seeking stable cash flow, minimal maintenance, and future upside all wrapped in the charm of a landmark building. Whether you continue the successful Airbnb model or convert to long-term tenancy, the potential here is as solid as the stone walls themselves. There is a possibility of developing 2 more units at the rear of the building.

Location

Province ON

County Leeds And Grenville

Community 807 - Edwardsburgh/Cardinal Twp

Area Leeds And Grenville

Rooms

Family Room No

Basement Other

Kitchen 4

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Electric

Exterior

Garage Spaces 2.0

Pool None

Roof Type Metal

Lot Frontage 88.7

Lot Depth 324.73

Total Parking Spaces 6

Building

Foundation Stone

Listed by RE/MAX AFFILIATES MARQUIS LTD.

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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20 South ST Edwardsburgh/cardinal, ON K0E 1X0