New Listing38 River Drive #1,2,3,Halton Hills (Georgetown), ON L7G2J2
Halton Hills (Georgetown), ON L7G2J2
Description
Exceptional Investment Opportunity in the Heart of Georgetown! This fully legal triplex offers three spacious, self-contained 3-bedroom units, providing an excellent opportunity for investors seeking strong rental income and long-term value. The property generates approximately $84,900 in gross annual rental income, with stable tenants and well-maintained units. Each apartment is separately metered for hydro and gas, with tenants responsible for their own heat, hydro, and hot water tank rental costs. The landlord pays water and sewage for two of the apartments. Each unit features its own kitchen with fridge and stove, along with gas woodstoves for added warmth and comfort. The property has undergone extensive improvements and updates. The roof and siding were replaced in 2025. Unit 1 was renovated in 2023, Unit 2 in 2022, and Unit 3 in 2025. Electrical panels have been upgraded, and the property has been carefully maintained throughout. A major bonus is the detached 26' x 16' garage, built in 2017, offering excellent additional storage or rental potential. The property also includes a large storage shed and well-maintained outdoor space for the enjoyment of tenants. With three self-contained 3-bedroom units, separate utilities, stable rental income, significant recent renovations, and additional garage and storage space, this property offers a strong combination of income, functionality, and future potential in a desirable Georgetown location. Property is not selling for 1$ (id:13843)
Details
| MLS # | W13845442 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 4 |
| Listing Provided By | HOME AND BUSINESS REALTY | M-HICHAM CHIKH-ALARD |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,500 |
| Garage | 9 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Heating | Natural gas, Other |
|---|---|
| Appliances | Refrigerator, Water meter, Window Coverings |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 3 |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Concrete |
Parking
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 9 |
Utilities
| Utilities | Sewer, Electricity |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4305 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Halton Hills (Georgetown) |
| Postal Code | L7G2J2 |
| Listing VS Median (in L7G2J2) | |
Price: $1 low | high Med: $314,500 sqft: 1,500 low | high Med: 1,350 $ / sqft: $0 low | high Med: $262 On site: 4 low | high Med: 43.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Halton Hills (Georgetown) |
| Postal Code | L7G2J2 |
| Listing VS Median (in L7G2J2) | |
Price: $1 low | high Med: $314,500 sqft: 1,500 low | high Med: 1,350 $ / sqft: $0 low | high Med: $262 On site: 4 low | high Med: 43.5 | |
