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.
Investment opportunity for a forward thinking single investor or group. The investment not only has substantial immediate net operating income but also offers a buyer the opportunity to develop 2 additional apartments for a substantial increase in the Gross Income with minimal impact on the Operating Expenses. Additionally the property has a large amount of excess land fronting on Florence Drive offering the opportunity to sever 3 separate building lots. The proceeds from the sale of one, two or all of the lots can be applied to reduce the initial purchase cost. The building is a very well maintained multi-residential 6 unit apartment building in the Village of Pefferlaw. The buyer will be assuming extremely reliable Longterm mature tenants. Two large 3 bedroom units on the main level and an additional four large 1 bedroom units on the second floor. Income statements attached as "Financials". The Current Gross Income from the existing 6 units is $100,376. The Seller has made preliminary inquiries with the Town of Georgina to develop two basement apartments providing a great opportunity to increase the Gross Income utilizing existing building space. Drawings are attached as "Potential Basement Apartments" and can also be viewed in the photo section. Gross Income with two new market rent apartments is estimated to be $160,800. Current operating expenses are less than $17,000 per year. The Seller has also made preliminary inquires with the local authorities to sever excess unused vacant land to the rear of the property and fronting on Florence Drive. A preliminary site plan is attached as "Potential Site Re-Development" and can also be viewed in the photo section. A conservative estimate of current market value for vacant building sites in the Pefferlaw area is $200,000 per lot. There are very few building lots available in the Pefferlaw area creating a strong demand from local builders and buyers looking to create custom family homes.
Property Details
Listing
MLS® number
N13673612
Status
For Sale
Listed
Aug 13, 2026
Last updated
Aug 21, 2026
Possession
Flexible
Building
Type
Multi-Family
Style
2-Storey
Approx. age
Not provided by brokerage
Approx. size
3,500–5,000 ft²
Basement
Development Potential, Full, Separate Entrance, Walk-Up, Partially Finished
Lot
Frontage
167.00 ft
Depth
331.00 ft
Lot area
≈ 55,277 ft² (calculated)
View
North
Community
Pefferlaw
Parking & utilities
Garage
None, 0 spaces
Driveway
Private, 14 spaces
Heating
Baseboard
Cooling
None
Water / sewer
Not provided by brokerage
Taxes
Property tax
$8,033 / 2025
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
STEPHEN JOHN BARRETT
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 10
Kitchens: 6 above grade
Basement: Development Potential, Full, Separate Entrance, Walk-Up, Partially Finished
Heating: Baseboard
Cooling: None
Exterior
Waterfront features: None
Pool features: None
Property features: Library, Marina, Public Transit, School, School Bus Route, Level
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
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$7,025/mo
Mortgage (principal + interest)$6,356
Property taxFrom listing: $8,033/yr$669
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. Georgina 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
