Legal 4-plex in historic downtown Port Hope

Property details for 221 Walton Street, Port Hope

Type: Residential
Bedrooms: 6
Bathrooms: 4
Lot Size: 52.2 x 95.7 FT
Stories: 2
Basement: Unfinished, Partial
Parking: No Garage
Heating: Radiant heat, Natural gas
Cooling: None
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,906

If you're after an income property with serious potential, this legal 4-plex on Walton Street is worth a look. The photos show a renovated building with brick exterior and a rear addition overlooking a ravine. You've got six bedrooms total across four self-contained units: two 2-bedroom and two 1-bedroom, all above grade. Three units are currently tenanted, leaving one vacant so you can set the rent at today's market rate. The place spans more than 3,500 sq. ft. per MPAC, on a 52.2 x 95.7 ft lot. Radiant heat powered by natural gas keeps things cozy, and there's separate electricity meters for each unit, which is a huge plus for utilities with tenants. No cooling, though, so tenants will need their own AC units. The foundation is stone and slab, and the basement is partial and unfinished, so you've got room to add value if you're handy. Location is spot on: it's a short walk to Capitol Theatre (0.7 km) and Trinity College School (1.6 km), plus downtown shops, cafes, and transit. Getting to VIA Rail and Highway 401 is easy, making it attractive for renters. At $809,000, it's priced close to the local median of $817K for active listings. There's one catch: no parking on site, but for a downtown spot, that's often the trade-off. Solid investment play for the area.

About 221 Walton Street, Port Hope — Property Score

Strong Investment Hot Market Great Location

Score: 69/100

Value

Priced 17% below area median of $975,000 based on 11 comparable properties nearby 96

Stable pricing - no price changes since original listing date 50

Size

6 bedrooms - 2 more than similarly priced 4-bedroom homes nearby 84

4 bathrooms - 1 more than similarly priced properties nearby 72

4,996 sqft lot - a standard lot for the area 65

Location

$43K median household income - below the Canadian average of $70K 52

80% of residents hold postsecondary credentials - a highly educated neighbourhood 88

47% homeownership rate - a renter-majority neighbourhood 63

67% of residents commute under 30 minutes - excellent commuter accessibility 84

1,792/km² population density - a well-balanced suburban area 88

Market

Just listed - area average is 41 days on market 100

+8.1% median price change over 1 month - rising prices in the area 91

30.5 months of housing supply - 61 active listings with 2 sold last month (buyer's market) 40

Features

0-car garage - area average is 5.8 spots 35

Unfinished, Partial basement - adds valuable living space 85

premium radiant heating system 85

None 30

No premium extras like pool, waterfront, or view 50

Investment

0.85% effective tax rate ($6,906/yr) - below the Canadian average of ~1% 75

53% renter population - strong rental demand in this area 94

Quality

Condition

Listing

49 photos provided - 29% more than the area average of 38 photos 92

5 of 7 key property details provided (71%) - good detail coverage 76

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.