$789,000
For sale: Multiplex

Here's an opportunity that makes home ownership-and real estate investing-much easier to step into. This immaculate 4-plex offers three 2-bedroom apartments and one 1-bedroom apartment, with an unusually attractive advantage: at closing, two of the 2-bedroom units and the 1-bedroom unit will be vacant. Choose the apartment that works best for you, then select your own tenants for the remaining vacant units-or lease all three and build your investment from day one. The fourth apartment is occupied by a wonderful long-term tenant, providing established rental income from the start. The property has been exceptionally well maintained and offers bright, comfortable living spaces with practical layouts. Outside, you'll find ample parking, a detached single-car garage, additional storage space behind the garage, and useful outdoor areas for tenants. For an owner-occupant, this is a compelling way to get into home ownership while having rental income help carry the property. For an investor, the combination of existing cash flow and three vacant units provides valuable flexibility and control over future tenancy. Even the street has had a refresh, with updated municipal infrastructure and newly paved roadway.Clean, flexible, income-producing and ready for its next owner-332 Catherine St. is the kind of multi-unit opportunity that's increasingly difficult to find.
Sold data
Multiplex homes in Hawkesbury took a median of 27 days to sell over the last 730 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 51, across 39 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 31 days.
The median sale price was $369,900.
Homes sold for about 4.4% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 10% of sellers reduced their price before finding a buyer.
Based on 39 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Hawkesbury has 4 Fraser Institute–rated schools (2 elementary and 2 secondary), averaging 5.7/10.
School ratings from the Fraser Institute's Ontario school report cards.
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