$635,000
For sale: Multiplex

An excellent opportunity in the growing and increasingly sought-after village of Thamesford. Situated on the main street and surrounded by established commercial businesses, this property offers an ideal location for an investor, entrepreneur, or owner-occupier looking to take advantage of the communities continued growth. Currently zoned commercial and being utilized as a legal non-conforming residential triplex, the property offers 3 rental units: two two-bedroom units and one one-bedroom unit, providing multiple income streams. There's also an additional Airbnb unit that is occasionally rented offering further income potential. For an owner-user, this property presents an exciting opportunity to live on-site while operating a business from the front of the building. With renovations and some vision, the property could be transformed to suit a variety of commercial, residential, or mixed-use possibilites, subject to the appropriate municipal approvals. Ample parking available with some minor modifications to the property. Thamesford is experiencing significant growth with substantial residential development planned for the community. Two-two bedroom units will be vacant on closing. Whether you are looking to expand your investment portfolio, establish your own business, or create an owner occupied live-work property, this one deserves a closer look. All meas. approx. and taken from MPAC and Seller. Also MLS #X13642234
Sold data
Homes in Thamesford took a median of 30 days to sell over the last 365 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 65, across 42 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $722,350.
Homes sold for about 1.9% below asking on average, so there was room to negotiate.
About 17% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
Based on 42 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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