About this home
Excellent investment opportunity in Bonfield! This four plex features four residential units, consisting of three 2 bedroom units, and one bachelor unit . Two of the 2 bedroom units are currently tenanted, providing rental income of from day one. The remaining 2 bedroom unit and bachelor unit require completion of renovations, offering an opportunity for investors to add value, complete the improvements, and maximize the property's rental potential. Ideal for investors looking to expand their portfolio and increase future income potential. Explore the possibilities this multi unit property has to offer! Annual expenses are $8543.02. Tenant in Unit 2 pays $1650 / month but carries out snow removalAnd lawn care, water filters and UV , and basic maintenance to the property. Unit 4 pays $1850 per month. Unit 1 & 3 are requiring renovation but could potentially generate even greater cashflow, or live in one unit, and generate rental income from the others to help cover your mortgage and living expenses!
The home
- Type
- Fourplex
- Style
- 1 1/2 Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 7
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 15
- Basement
- Unfinished, Separate Entrance, Partial Basement
- Lot size
- 159.6 x 136.1 ft
- Faces
- East
- View
- Forest, Trees/Woods, Park/Greenbelt
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 8
- Total parking
- 8
- Parking features
- Private
Taxes & other
- Property taxes
- $2,173/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate if assuming the tenants
- Cross street
- Hwy 531
- Neighbourhood
- Bonfield
More
- Price per sq ft
- ~$136 (at 2,750 sq ft)
- MLS® number
- X14095578
No matching details. Ask Will instead
The home and its surroundings
- Sewage Pump
- Water Heater Owned
- Water Treatment
- 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.
Schools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 226 Railway Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 226 Railway Street
Answers come straight from this home’s MLS® listing.
How much is 226 Railway Street listed for, and what would it cost each month?
226 Railway Street is listed for $375,000. With 20% down ($75,000), the mortgage payment would be roughly $1,513 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,694 a month, all in. That figure is an illustration, not a quote.
Is 226 Railway Street freehold or a condo, and is there a monthly fee?
226 Railway Street is a fourplex in Bonfield. 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 226 Railway Street have?
226 Railway Street has 7 bedrooms and 4 bathrooms. The listing gives the style as 1 1/2 storey.
Does 226 Railway Street have a garage and parking?
The listing does not show a garage. The driveway adds 8 spaces. In total the listing counts 8 parking spaces.
Does 226 Railway Street have a finished basement?
The listing describes the basement as unfinished, separate entrance, partial basement. 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 226 Railway Street?
226 Railway Street is a fourplex. 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 226 Railway Street, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 159.6 x 136.1 ft.
How is 226 Railway Street heated and cooled?
Heating is baseboard (electric). The listing does not show air conditioning.
What are the property taxes for 226 Railway Street?
Property taxes are $2,173 a year (2025), or about $181 a month.
Where is 226 Railway Street?
226 Railway Street is in Bonfield. The nearest main intersection is Hwy 531. The postal code is P0H 1E0.
Is 226 Railway Street still for sale?
Yes. It is an active listing (MLS® X14095578). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 226 Railway Street asking?
Similar properties for sale nearby right now include 201 Talon Crescent S at $439,900 (2 bed), 300 Mark Street at $319,000 (3 bed) and 124 Pine Lake Road at $319,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 226 Railway Street 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 226 Railway Street?
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.
Similar properties nearby
More properties for sale near Bonfield, picked by style, size and price.
Duplex$439,900201 Talon Crescent S, Bonfield2 bed · 1 bath · BonfieldCourtesy of: Century 21 Blue Sky Region Realty Inc., BrokerageView home →
Detached home$319,000300 Mark Street, Bonfield3 bed · 2 bath · BonfieldCourtesy of: Royal LePage Northern Life Realty, BrokerageView home →
Detached home$319,000124 Pine Lake Road, Bonfield3 bed · 1 bath · BonfieldCourtesy of: Royal LePage Northern Life Realty, BrokerageView home →Courtesy of: Royal LePage Northern Life Realty, Brokerage
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.