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$859,000
New Tecumseth
76 Wellington Street, New Tecumseth (Alliston), Ontario, L9R1G8
This multi-family property in New Tecumseth is for sale offering roughly 2,250 sq ft of space.
Fully renovated legal triplex in the heart of Alliston - a turnkey, separately metered income property built for the hands-off investor. Three self-contained units (two spacious 2-bedrooms and a studio), each finished with a modern kitchen and updated bathroom. With three hydro meters and three gas meters, tenants pay their own hydro and gas, keeping landlord costs and day-to-day management to a minimum. Set on a deep 66 x 165 ft lot with two private driveways and parking for multiple vehicles. The lot's generous depth offers genuine upside - room to add a garden suite or addition for a fourth income stream, subject to municipal approval.Dependable tenancies and steady rental demand in fast-growing New Tecumseth, anchored by the Honda Canada plant and Alliston's expanding employment base. Solid in-place income today with a clear path to add value tomorrow. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 62 days on market, against an average age of 53 days across the listings currently for sale in this city
This 5-bed multi-family in New Tecumseth (Alliston) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $859,000, about 8.7× the local median household income of $99,000.
Carrying it typically needs a household income of about $167,793 (20% down, 25-yr amortization, stress-tested) — roughly 69% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9R)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.