1,2,3 - 38 River Drive, Halton Hills, ON L7G 2J2
Georgetown, Halton Hills · Near Mountainvew Rd @ River Dr · View map
About this home
Exceptional Investment Opportunity in the Heart of Georgetown! This fully legal triplex offers three spacious, self-contained 3-bedroom units, providing an excellent opportunity for investors seeking strong rental income and long-term value. The property generates approximately $84,900 in gross annual rental income, with stable tenants and well-maintained units. Each apartment is separately metered for hydro and gas, with tenants responsible for their own heat, hydro, and hot water tank rental costs. The landlord pays water and sewage for two of the apartments. Each unit features its own kitchen with fridge and stove, along with gas woodstoves for added warmth and comfort. The property has undergone extensive improvements and updates. The roof and siding were replaced in 2025. Unit 1 was renovated in 2023, Unit 2 in 2022, and Unit 3 in 2025. Electrical panels have been upgraded, and the property has been carefully maintained throughout. A major bonus is the detached 26' x 16' garage, built in 2017, offering excellent additional storage or rental potential. The property also includes a large storage shed and well-maintained outdoor space for the enjoyment of tenants. With three self-contained 3-bedroom units, separate utilities, stable rental income, significant recent renovations, and additional garage and storage space, this property offers a strong combination of income, functionality, and future potential in a desirable Georgetown location. Property is not selling for 1$
The home
- Type
- Triplex
- Style
- 2-Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 6
- Basement bedrooms
- 3
- Bathrooms
- 4
- Kitchens
- 3
- Rooms
- 10
- Basement
- Apartment, Finished
- Lot size
- 66 x 132 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 8
- Driveway spaces
- 8
- Total parking
- 9
- Parking features
- Private
Taxes & other
- Property taxes
- $4,305/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flex
- Cross street
- Mountainvew Rd @ River Dr
- Neighbourhood
- Georgetown
More
- Price per sq ft
- ~$0 (at 1,750 sq ft)
- MLS® number
- W13845442
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The home and its surroundings
- Carpet Free
- Water Meter
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
38 River Drive, Halton Hills, ON L7G 2J2
Georgetown, Halton Hills · Near Mountainvew Rd @ River Dr
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Listing history for 38 River Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1,2,3 - 38 River Drive
Answers come straight from this home’s MLS® listing.
How much is 1,2,3 - 38 River Drive listed for, and what would it cost each month?
1,2,3 - 38 River Drive is listed for $1. With 20% down ($0), the mortgage payment would be roughly $0 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $359 a month, all in. That figure is an illustration, not a quote.
Is 1,2,3 - 38 River Drive freehold or a condo, and is there a monthly fee?
1,2,3 - 38 River Drive is a triplex in Georgetown, Halton Hills. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 1,2,3 - 38 River Drive have?
1,2,3 - 38 River Drive has 6 bedrooms, plus 3 more bedrooms in the basement, and 4 bathrooms. The listing gives the style as 2-storey.
Does 1,2,3 - 38 River Drive have a garage and parking?
Yes. The listing shows the garage as detached, with room for 8 cars. The driveway adds 8 spaces. In total the listing counts 9 parking spaces.
Does 1,2,3 - 38 River Drive have a finished basement?
The listing describes the basement as apartment, finished. It counts 3 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 1,2,3 - 38 River Drive?
1,2,3 - 38 River Drive is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 1,2,3 - 38 River Drive, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 66 x 132 ft.
How is 1,2,3 - 38 River Drive heated and cooled?
Heating is (gas). The listing does not show air conditioning.
What are the property taxes for 1,2,3 - 38 River Drive?
Property taxes are $4,305 a year (2026), or about $359 a month.
Where is 1,2,3 - 38 River Drive?
1,2,3 - 38 River Drive is in the Georgetown community of Halton Hills. The nearest main intersection is Mountainvew Rd @ River Dr. The postal code is L7G 2J2.
Is 1,2,3 - 38 River Drive still for sale?
Yes. It is an active listing (MLS® W13845442). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1,2,3 - 38 River Drive asking?
Similar properties for sale nearby right now include 257 Guelph Street at $1, 251 Guelph Street at $1 and 16893 & 16917 Steeles Avenue at $1. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 38 River Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1,2,3 - 38 River Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.