The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$6,891/mo
Mortgage (principal + interest)$6,356
Property taxFrom listing: $6,417/yr$535
Minimum 20% ($339,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$339,800
Ontario land transfer taxProvincial brackets, no first-time refund$30,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$373,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Middlesex Centre has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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