$1,699,000
For sale: Multiplex

Zoned Institutional (I) and located in a prime area with just under 1 acre at the corner of Richmond Street (HWY #4) and Ilderton Road, there are many opportunities open for the savvy investor with this amazing property! The main building was primarily used as a Church and most recently as a Hall for special events. At the rear of the main building, on the ground level, you will find an apartment with separate entrance featuring 2 bedrooms plus loft, kitchen with quartz countertops, 1.5 bathrooms, open concept living dining room, 2 skylights for tons of natural daylight and a large deck leading to the beautifully landscaped fenced yard. There is room for 30-40 cars on the property just off Ilderton Road. On the third level at the back of the main building you will find a 2nd apartment with separate side entrance featuring 4 bedrooms, 2 full bathrooms, kitchen and eating/social area. When fully rented, the ground level apartment brings in $2,700 per month and the third level 4 bedroom apartment brings in potentially $2,250 per month. Also, the parking area can be rented out short-term to contractors for vehicle storage. There are 3 separate Air Conditioning and Furnaces with separate controls for the 2 apartments and main building. The roof of the main building was replaced in 2025 with steel and skylights were added to bring in more natural light. Don't miss the opportunity to add this wonderful property to your growing portfolio.
Sold data
Homes in Ilderton took a median of 38 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 62, across 60 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.
The median sale price was $737,450.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 18% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 60 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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