1,2,3 - 38 River Drive, Halton Hills
Exceptional Investment Opportunity in the Heart of Georgetown! This fully legal triplex offers three spacious, self-contained 3-bedroom units, providing an excellent opportunity for investors seeking strong rental income and long-term value. The property generates approximately $84,900 in gross annual rental income, with stable tenants and well-maintained units. Each apartment is separately metered for hydro and gas, with tenants responsible for their own heat, hydro, and hot water tank rental costs. The landlord pays water and sewage for two of the apartments. Each unit features its own kitchen with fridge and stove, along with gas woodstoves for added warmth and comfort. The property has undergone extensive improvements and updates. The roof and siding were replaced in 2025. Unit 1 was renovated in 2023, Unit 2 in 2022, and Unit 3 in 2025. Electrical panels have been upgraded, and the property has been carefully maintained throughout. A major bonus is the detached 26' x 16' garage, built in 2017, offering excellent additional storage or rental potential. The property also includes a large storage shed and well-maintained outdoor space for the enjoyment of tenants. With three self-contained 3-bedroom units, separate utilities, stable rental income, significant recent renovations, and additional garage and storage space, this property offers a strong combination of income, functionality, and future potential in a desirable Georgetown location. Property is not selling for 1$ (id:1945)
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Property details for 1,2,3 - 38 River Drive, Halton Hills
- Type
- Multi-family
- Bedrooms
- 9
- Bathrooms
- 4
- Lot Size
- 66 x 132 FT
- Stories
- 2
- Basement
- Finished, Apartment in basement, N/A, N/A
- Parking
- Detached Garage, Garage
- Heating
- Natural gas, Other
- Exterior
- Brick, Aluminum siding
- Annual Taxes
- $4,305
Nearby Listings Stat
Estimated price and comparable properties near 1,2,3 - 38 River Drive
Active Listings
1
Min Price
$1
Max Price
$1
Avg Price
$1
Days on Market
16
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Brampton, Ontario
Population
1,018
Median Age
52.1
Median Income
$38,059
Dwelling Value
$279,437
Housing Tenure
Owners 85%
Renters 15%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 507.1/km²
Avg Shelter Cost: $1,176/mo
Owners with Mortgage: 60.2%
Owners Spending 30%+: 19.8%
Tenants Spending 30%+: 30.8%
English only: 97.1%
English and French: 2.5%
Median Household Income: $78,080
Median Employment Income: $44,885
Price History
Listed
September 30, 2026
by HOME AND BUSINESS REALTY
Current Price
$1
Type
Multi-family
For Sale
