$499,900
For sale: Multiplex

Fantastic investment opportunity in the heart of Strathroy! This well-maintained triplex at 59 Maitland Terrace offers three separate units, including a 2-bedroom and a 1-bedroom unit on the main floor, plus a spacious 2-bedroom upper unit. Each unit is equipped with its own fridge and stove, providing an ideal opportunity for investors looking to add a multi-unit property to their portfolio. The front and upper units have benefited from recent updates, while the rear main-floor unit could benefit from some improvement and personalization. Significant exterior and mechanical improvements include new windows (2020), siding, roof and balcony (2018), and a new furnace (2022).Ideally located just steps from downtown Strathroy, this property is close to shops, restaurants, parks, schools and the hospital, with convenient access to Highway 402.
Sold data
Homes in Strathroy-Caradoc (SW) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 64, across 85 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 55 days.
The median sale price was $578,000.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 85 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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