A landmark 1888 building and a rare opportunity to own a stable, cash-flowing mixed-use property in the heart of Brussels. Featuring six generously sized residential apartments and two commercial spaces, this well-established income property offers approximately $158,940 in potential gross annual income, with additional upside through furnished and hospitality-style accommodations. You could choose to live in one unit with a substantial offset to your mortgage and ownership costs through the building’s rental income; possibly living for free! Numerous capital improvements have been completed, including front facade brick repointing, window caulking and new flashing (2026); updated windows in one apartment (2026); new kitchens in two apartments (2024); new eavestroughs (2024); improvements to the rear building (2024); foundation support beam and repairs (2024); basement lighting (2023); and washer/dryer installation (2023). A few apartments are furnished and could be included in the sale. A truly unique property combining historic character, diversified income, recent improvements and long-term flexibility. Continue with traditional tenants, incorporate furnished accommodations, or create a combination that works for your investment strategy—an established income-producing property with multiple opportunities to build long-term value. (id:4069)
Address
422-430 TURNBERRY Street
List Price
$1,100,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Brussels
Bedrooms
16
Bathrooms
6
Floor Area
8,300 Sq. Ft.
Lot Depth
132 ft
Frontage Length
48 ft
MLS® Number
40869286
Listing Brokerage
KEMPSTON & WERTH REALTY LTD.
Basement Area
Full (Unfinished)
Postal Code
N0G1H0
Zoning
C4
Ownership
Freehold
Parking Places (Total)
4
Heat Source
Electric
Cooling Features
None
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Municipal sewage system
