163 John Street South, Minto, Ontario, N0G1Z0




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$949,900
Minto
This multi-family property in Minto is for sale offering roughly 4,250 sq ft of space. It has been on the market 49 days, fresher than the Minto average of 103 days.
Perfect Investment Opportunity - 4-Unit Home on Spacious Lot with Detached Shop! Looking for a great way to enter the real estate market? This 4-unit home offers endless possibilities for investment or multi-family living. Located on a large lot with a detached, heated shop and full water/sewer hookups, this property is a rare find! Property Highlights: Unit 1: 3-bedroom, 1-bath - Spacious and comfortable for owner-occupancy or a long-term tenant. Units 2-4: 2-bedroom, 1-bath each - Ideal for generating steady rental income. Detached Shop: Heated and equipped with water/sewer - perfect for hobbies, extra storage, or a potential workshop. Large Lot: Offers plenty of space for outdoor activities, future development, or additional parking. Whether you're looking to move in and let the tenants cover your mortgage or bring in family members to share the space and the investment, this property offers flexibility for multi-family living with independence. The extra income from the three 2-bedroom units can help make homeownership more affordable, while still giving everyone their own private space. Options for You: Owner-Occupy: Live in Unit 1 and let the tenants pay the mortgage. Family Investment: Have a family member who wants to buy in with you? Move into 2 units, and let the rest cover the costs. Ideal for Multi-Family Living: Enjoy the independence of separate units while still being close by. This is a fantastic opportunity to create long-term wealth, live affordably, or house extended family - all while enjoying the convenience of a spacious lot and a detached shop with all utilities available! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 49 days on market, against an average age of 103 days across the listings currently for sale in this city
This 9-bed multi-family in Minto has been listed for 49 days, which is 54 days fresher than the city average of 103. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $949,900, about 11.4× the local median household income of $83,000.
Carrying it typically needs a household income of about $185,549 (20% down, 25-yr amortization, stress-tested) — roughly 124% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0G)
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Loading rates, 30-yr amortization
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