
20 South Street
Edwardsburgh/Cardinal (Edwardsburgh/Cardinal Twp), ON K0E 1X0
- 9Bedrooms
- 4Bathrooms
- 6Parking
- 5000 +Sq Ft
- $4,000Tax
- 89×325 ftLot Size
- Free EstimateSee Free Estimate Report

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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 20 South Street, Edwardsburgh/Cardinal, Edwardsburgh/Cardinal Twp
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-05-23 | 2025-08-29 | Login to See Prices | Sold | x12172295 |
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*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
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Estimated Sales Range
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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.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $598,000 over $500K
$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 |
Land Transfer Tax
$18,435
$18,435
Around this home
No schools found nearby
Data provided by OpenStreetMap & Fraser Institute School Rankings
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