Well-maintained brick legal 4-plex investment corner lot property featuring three spacious 2-bedroom units and one 1-bedroom unit. Current leases on three units generate a solid 6% cap rate, with additional upside once the vacant 2-bedroom unit is leased. Each apartment offers two private entrances and separate hydro meters. The property is attractively landscaped and situated in a quiet, desirable neighborhood.
Sold for $500,000 on 10/01/25
C$500,000
243 Alder St W, Haldimand County, ON N1A 1R3
3beds
3baths
2,924sqft
Multi-4 Unit, Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
C$171/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 30, 2025 at 09:30pm
Listed by:
Frank Leo, Broker,
RE/MAX West Realty Inc. Brokerage
Source: ITSO,MLS®#: 40765176Originating MLS®#: Barrie & District Association of REALTORS® Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Natural Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Laundry: In-Suite
Features
- Separate Hydro Meters
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,564
- Total interior livable area: 2,924 sqft
- Finished area above ground: 2,924
- Finished area below ground: 640
Property
Parking
- Parking features: No Driveway Parking
Features
- Exterior features: Landscaped, Private Entrance
- Frontage length: 40.00
Lot
- Size: 3,853 sqft
- Dimensions: 40 x 96
- Features: Rectangular, Near Golf Course, Hospital, Marina, Park, Schools
Details
- Parcel number: 381170105
- Zoning: D A4B
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-4 Unit, Multi Family
Materials
- Brick
- Foundation: Concrete Block
- Roof: Asphalt Shing
Condition
- 100+ Years
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & neighborhood
Location
- Region: Haldimand County