422-430 TURNBERRY Street
Brussels, Ontario
MLS® 40869286
$1,100,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40869286
- Bedrooms
- 16
- Bathrooms
- 6
- Year built
- —
1 / 47Listing description
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.
Property summary
- MLS® number
- 40869286
- Property type
- Multi-family
- Size
- 8,300 sq ft
- Title
- Freehold
- Annual property taxes
- $3,385.00
- Parking
- 4 spaces · Open
- Days on market
- 4 days
Features & details
- Heating
- Electric
- Cooling
- None
- Basement
- Unfinished, Full
- Exterior features
- Brick
What would this home cost you?
Based on the $1,100,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of KEMPSTON & WERTH REALTY LTD., LISTOWEL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.