$225,000
↓ $74,000 from $299,000
Est. payment $996/moCalculate yours
26 Connaught Street, Chapleau, ON P0M 1K0
Chapleau, ON P0M 1K0
- 3,800 Sq Ft
Listing courtesy of Exit Realty True North MLS® X13886990
About this home
Exceptional 4-Plex Investment Opportunity in a High-Demand Rental Community Discover this 4-unit income property perfectly situated in a quiet, desirable neighbourhood known for strong rental demand. This versatile building features three 1-bedroom units and one spacious 3-bedroom unit, offering a solid mix for long-term cash flow and tenant appeal. Property Highlights: 4 Total Units: • (3) One-Bedroom Units • (1) Three-Bedroom Unit with In-Unit Laundry Current Income: • Two units are already rented, providing immediate revenue. • One unit has been refreshed and is ready for a new tenant. • One unit requires some work before renting, offering the opportunity to customize and increase future rental potential. Tenant Amenities: • Onsite shared laundry • Dedicated tenant storage spaces Location Advantages: • Quiet, established residential area • Highly sought-after by renters • Close to amenities, transit, and community services Whether you’re expanding your portfolio or stepping into multifamily ownership, this 4-plex provides both stable returns and value-add potential. A rare opportunity in a rental market with consistently strong demand.
Property details
Overview
- Property Type
- Multiplex
- For
- For Sale
- Status
- Price Change
- Size
- 3,800 sqft
Interior
- Basement
- Crawl Space
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- Other
- Exterior
- Unknown
- Foundation
- Other
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 120 Feet
- Parking
- None garage
- Zoning
- R2
Financial
- Property Taxes
- $1,793 (2025)
Location
- Direction Faces
- East
Listing
- MLS® Number
- X13886990
- Days on Market
- 300
- Listed On
- 2025-12-22
- Listed By
- Exit Realty True North
Features
Interior
- Other
Community
- Golf
- Park
Pool
- None
- Included
- Unit 1 washer, dryer, fridge, stove Unit 2 fridge, stove Unit 3 fridge, stove Unit 4 fridge, stove
- Excluded
- Tenants belongings.
- Rental items
- N/A
Mortgage calculator
Estimated mortgage payment
$996 per month
- Principal and interest
- $996
- Property tax
- $149
- Condo fees
- $0
- Estimated monthly cost
- $1,146
Your mortgage
- Mortgage amount
- $180,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $118,875
Cash to close
- Down payment
- $45,000
- Land transfer tax
- $1,975
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $46,975
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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