Sold for:Sold Aug 28, 2025
$1,098,000

20 South Street

Edwardsburgh/Cardinal (Edwardsburgh/Cardinal Twp), ON K0E 1X0

Multiplex SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

Sell with HOMEH

HOMEH One: full-service selling for a 1% listing fee. The buyer's agent commission is separate.

Free Home EvaluationHow Much Is My Home Worth?Homes for Sale Nearby

Sale & Price History for 20 South Street, Edwardsburgh/Cardinal, Edwardsburgh/Cardinal Twp

2025-05-23
2025-08-29
Sold
Price
Login to See Prices
MLS#
x12172295

Real estate boards require you to or to see the full details of this property.

*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 20 South Street, Edwardsburgh/Cardinal, Edwardsburgh/Cardinal Twp

All 4 Units have been completely updated!Welcome to a truly one-of-a-kind investment opportunity steeped in character and rich local history. Originally built in 1871 as Spencervilles very first schoolhouse, this remarkable stone building has been thoughtfully transformed into a fully renovated four-unit income property, offering modern comfort while preserving its timeless charm.Set in the heart of picturesque Spencerville, Ontario, this 4-plex features three stylish 2-bedroom, 1-bathroom apartments and one spacious 3-bedroom, 1-bathroom unit, each boasting open-concept layouts, sleek vinyl flooring, and stainless steel appliances. With 2-foot thick solid stone walls and soaring ceilings, every apartment offers a unique blend of warmth, character, and durability.Currently tenanted by long-term residents in three of the four units, the fourth unit operates as a successful Airbnb, generating an average of $2,800-$3000/month since February 2025. The property provides a strong rental income stream with current rents of $1,950 for the 3-bedroom unit and $1,850 for each 2-bedroom apartmentwith rent increases scheduled for 2025. Net Operating Income (NOI): $90,300. Projected 2025 NOI: $92,000. Low annual expenses: Taxes ($4,000), Insurance ($2,650), Heating ($1,500)This is an ideal property for investors seeking stable cash flow, minimal maintenance, and future upside all wrapped in the charm of a landmark building. Whether you continue the successful Airbnb model or convert to long-term tenancy, the potential here is as solid as the stone walls themselves. There is a possibility of developing 2 more units at the rear of the building.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,000
Land Transfer Tax Fee
$18,435

Basement Type
Other

Interior Features

Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Stone
Roof
Metal
Foundation Details
Stone
Special Designation
Unknown

Lot

Lot Front
88.70 ft
Lot Depth
324.73 ft

Parking & Garages

Garage Type
Attached
Garage Spaces
2
Parking Spaces
6
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Electric
Heat Type
Radiant
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
9
Washrooms
4
Kitchens
4

Washrooms

  • 4-piece

Municipality
Edwardsburgh/Cardinal
Neighbourhood
Edwardsburgh/Cardinal Twp
Main cross streets
Sloan
Directions
Cty Rd 44, west on Sloan and right on South St

MLS® number
X12172295
Data source
Toronto Regional Real Estate Board
Status change
2025-08-29
Listed on
2025-05-23
Days on market
98 days
Possession type
Flexible
Co-op commission
2
Seller
Listed by
RE/MAX AFFILIATES MARQUIS LTD.

Home Market Value

Current home valuation for 20 South Street, Edwardsburgh/Cardinal, Edwardsburgh/Cardinal Twp, Edwardsburgh/Cardinal, ON. Listed for $1,098,000

HOMEH Estimate

?

—

Estimated Sales Range

?

—

HOMEH Estimate for 20 South Street, Edwardsburgh/Cardinal, Edwardsburgh/Cardinal Twp

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

Insufficient Data
See the full analysisFree Every recent nearby sale behind this number

For the owner

Is this your home? Track its value.

Get this home's HOMEH Estimate by email once a month, with how many homes are for sale around you.

Approximate location — on this street
Get Directions

Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Edwardsburgh/Cardinal, ON
Minimum Down Payment Required:7.7%

5% on first $500K + 10% on $598,000 over $500K

Minimum down payment

$84,800

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$40,494$30,634$26,132$0
=Total mortgage
$1,052,850$1,018,834$959,432$878,400
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$5,141monthly$4,974monthly$4,684monthly$4,289monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$18,435

Total Land Transfer Tax

$18,435

Around this home

0/100Loading...
0/100Loading...
0/100Loading...
Map unavailable

No schools found nearby

Ask HOMEH

New!
H

Hi there!

👋

Text or call (416) 301-9001

Recommended for you

Based on homes you've looked at.

No recommended properties found.

Nearby similar homes

No nearby properties found.