$1,089,900Asking Price
Located in a mature Georgetown neighborhood, this legal duplex delivers impressive income potential and long-term growth prospects. Offering 10 bedrooms above grade and more than 2,000 square feet of living space, this property is ideal for investors seeking strong cash flow and multiple rental configurations. Can also be used for extended family! Positioned near the heart of town, it is just an eight-minute drive to the Georgetown train station and a 10-minute walk to shops, and amenities-making it highly attractive to prospective tenants. The property currently produces a positive ROI with stable, long-term tenants who are willing to remain, ensuring immediate returns. Additionally, the spacious Layout provides an opportunity to enhance rental income through renovations or by accommodating larger tenant groups. The basement adds approximately 560 square feet of partially finished space, including two additional washrooms requiring final completion-offering further potential to increase unit value and rental rates. Upgrades include shingles(2017), vinyl windows less than 15 years old, and laminate flooring on the second floor (2014) and main floor (2015). Licensed as a boarding and lodging establishment since 1991, this property also benefits from a driveway updated in 2013 with furnace and A/C updated 2023. With strong financials, ongoing tenant demand, and multiple value-add opportunities, this duplex stands out as a rare high-yield investment in one of Georgetown's most established areas.
Located in a mature Georgetown neighborhood, this legal duplex delivers impressive income potential and long-term growth prospects. Offering 10 bedrooms above grade and more than 2,000 square feet of living space, this property is ideal for investors seeking strong cash flow and multiple rental configurations. Can also be used for extended family! Positioned near the heart of town, it is just an eight-minute drive to the Georgetown train station and a 10-minute walk to shops, and amenities-making it highly attractive to prospective tenants. The property currently produces a positive ROI with stable, long-term tenants who are willing to remain, ensuring immediate returns. Additionally, the spacious Layout provides an opportunity to enhance rental income through renovations or by accommodating larger tenant groups. The basement adds approximately 560 square feet of partially finished space, including two additional washrooms requiring final completion-offering further potential to increase unit value and rental rates. Upgrades include shingles(2017), vinyl windows less than 15 years old, and laminate flooring on the second floor (2014) and main floor (2015). Licensed as a boarding and lodging establishment since 1991, this property also benefits from a driveway updated in 2013 with furnace and A/C updated 2023. With strong financials, ongoing tenant demand, and multiple value-add opportunities, this duplex stands out as a rare high-yield investment in one of Georgetown's most established areas.
See MoreRoom | Floor | Dimensions | Details | |
---|---|---|---|---|
1 4-Piece Bathroom on Main Floor | ||||
1 4-Piece Bathroom | ||||
1 3-Piece Bathroom |
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Georgetown, Halton Hills is a west GTA neighbourhood notable for its singles, university grads, executives, business and education, law & public sector professionals and salespeople. Residents tend to be younger with a significant number of kids aged 5 to 14, youth aged 15 to 24 and adults aged 35 to 54.
Kids Per Family
1.3
kids per family
in the neighbourhood.
40%
of residents are
single and loving it.
40% singles
Halton Hills (39%)
14%
of residents
are renters.
14% renters
Halton Hills (14%)
33%
of residents are
university grads.
33% university grads
Halton Hills (30%)Average Household Income
$154K
is the average household
income in the neighbourhood.
Professions
Sales | 16% |
Business | 12% |
Management | 11% |
Government | 10% |
Trades | 9% |
16%
of residents were
born outside of Canada.
16% immigrants
Halton Hills (17%)3.6% from UK
All-time
0.3% from India
Recent
Foreign Languages
French | 2% |
Portuguese | 2% |
Polish | 2% |
Croatian | 1% |
Spanish | 1% |
Religions
Christian | 74% |
Muslim | 1% |
Hindu | 1% |