Listed for:Listed Sep 18, 2026
$1,589,000

38-40 Queen Street

North Stormont (North Stormont, Finch Twp), ON K0A 1R0

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 38-40 Queen Street, North Stormont, North Stormont (Finch) Twp

No listing history available

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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 38-40 Queen Street, North Stormont, North Stormont (Finch) Twp

Summarized Description

  • Rare 9-unit investment opportunity available.
  • Designed for senior living and accessibility.
  • Strong income potential with flexible layouts.
  • Two separate buildings with multiple units.
  • Well-maintained property in desirable location.
  • Equipped with modern heating and cooling systems.
  • Ideal for expanding rental portfolios.
  • Unique multi-unit apartment investment opportunity.

A RARE 9-UNIT INVESTMENT OPPORTUNITY! Offering flexibility, strong income potential and a unique multi-residential setup, this well-maintained property is one you'll want to take a closer look at. Currently designed with senior living and accessibility in mind, Spread across two separate buildings, 38 Queen Street features 3 units while 40 Queen Street offers 6 units. Each unit is equipped with five appliances, in-floor radiant heating and wall-unit air conditioning for year-round comfort. The thoughtful layouts and accessible design make the property well suited for senior living while offering versatility for a broader rental market. Whether you're expanding your portfolio, exploring senior housing or looking for a distinctive multi-unit apartment investment, opportunities like this are hard to find!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$12,310
Land Transfer Tax Fee
$28,255

Basement Type
None

Interior Features

Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Landscaped, Patio
Pool
None
Property Features
Park, Place Of Worship, Rec./Commun.Centre, School, School Bus Route

Building

Building Type
Multiplex
Building Style
Other

Construction

Exterior Finish
Stone
Roof
Unknown
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
191.00 ft

Parking & Garages

Garage Type
Other
Garage Spaces
0
Parking Spaces
6
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Radiant
Air Conditioning
Wall Unit(s)
Water
Municipal
Sewers
Sewer
Natural Gas
Yes

Bedrooms
9
Washrooms
9

Washrooms

  • 3-piece

Municipality
North Stormont
Neighbourhood
North Stormont (Finch) Twp
Main cross streets
417 East Exit Limoges, Right on Limoges rd /St Albert Rd , Right on Rocky Hill rd. Rocky hill changes to Queen once you arrive in town, Property on the Left.
Zoning
Residential
Directions
417 East Exit Limoges, Right on Limoges rd /St Albert Rd , Right on Rocky Hill rd. Rocky hill changes to Queen once you arrive in town, Property on the Left.

MLS® number
X13803610
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-18
Updated on
2026-10-23
Days on market
38 days
Possession type
Other
Co-op commission
2%
Seller
Listed by
EXIT REALTY MATRIX

Home Market Value

Current home valuation for 38-40 Queen Street, North Stormont, North Stormont (Finch) Twp, North Stormont, ON. Listed for $1,589,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 38-40 Queen Street, North Stormont, North Stormont (Finch) 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

$
North Stormont, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$317,800

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$1,271,200$1,191,750$1,112,300$1,032,850
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$6,207monthly$5,819monthly$5,431monthly$5,043monthly
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Land Transfer Tax

Provincial

$28,255

Total Land Transfer Tax

$28,255

Around this home

5/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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