Triplex · For sale

1,2,3 - 38 River Drive, Halton Hills

$1.00

Listing brokerage: HOME AND BUSINESS REALTY · MLS® W13845442

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

HOME AND BUSINESS REALTY

Type

Triplex

Deal

For sale

Category

Residential · Multi-unit homes

Bedrooms

9

Bathrooms

4

Size

1500-2000 sq ft

Lot

66 x 132 ft

Area

Georgetown

MLS® number

W13845442

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 $84,900 in gross annual rental income, with stable tenants and well-maintained units. Each apartment is separately metered for hydro and gas, with tenants responsible for their own heat, hydro, and hot water tank rental costs. The landlord pays water and sewage for two of the apartments. Each unit features its own kitchen with fridge and stove, along with gas woodstoves for added warmth and comfort. The property has undergone extensive improvements and updates. The roof and siding were replaced in 2025. Unit 1 was renovated in 2023, Unit 2 in 2022, and Unit 3 in 2025. Electrical panels have been upgraded, and the property has been carefully maintained throughout. A major bonus is the detached 26' x 16' garage, built in 2017, offering excellent additional storage or rental potential. The property also includes a large storage shed and well-maintained outdoor space for the enjoyment of tenants. With three self-contained 3-bedroom units, separate utilities, stable rental income, significant recent renovations, and additional garage and storage space, this property offers a strong combination of income, functionality, and future potential in a desirable Georgetown location. Property is not selling for 1$