226 Railway Street, Bonfield
Excellent investment opportunity in Bonfield! This four plex features four residential units, consisting of three 2 bedroom units, and one bachelor unit . Two of the 2 bedroom units are currently tenanted, providing rental income of from day one. The remaining 2 bedroom unit and bachelor unit require completion of renovations, offering an opportunity for investors to add value, complete the improvements, and maximize the property's rental potential. Ideal for investors looking to expand their portfolio and increase future income potential. Explore the possibilities this multi unit property has to offer! Annual expenses are $8543.02. Tenant in Unit 2 pays $1650 / month but carries out snow removalAnd lawn care, water filters and UV , and basic maintenance to the property. Unit 4 pays $1850 per month. Unit 1 & 3 are requiring renovation but could potentially generate even greater cashflow, or live in one unit, and generate rental income from the others to help cover your mortgage and living expenses! (id:1945)
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Property details for 226 Railway Street, Bonfield
- Type
- Multi-family
- Bedrooms
- 7
- Bathrooms
- 4
- Lot Size
- 159.6 x 136.1 FT ; Lot size irregular
- Stories
- 1.5
- Basement
- Unfinished, Partial, Separate entrance, N/A, N/A
- Parking
- No Garage
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Exterior
- Vinyl siding
- Annual Taxes
- $2,173 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 226 Railway Street
Active Listings
1
Min Price
$375,000
Max Price
$375,000
Avg Price
$375,000
Days on Market
3
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
Bonfield, Ontario
Population
368
Median Age
44
Median Income
$25,600
Dwelling Value
$189,430
Housing Tenure
Owners 88%
Renters 13%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 40.7/km²
Avg Shelter Cost: $1,090/mo
Owners with Mortgage: 75%
Owners Spending 30%+: 21.4%
Tenants Spending 30%+: 0%
English only: 55.4%
English and French: 43.2%
Neither: 1.4%
Median Household Income: $53,120
Median Employment Income: $27,584
Price History
Listed
October 19, 2026
by Royal LePage Northern Life Realty, Brokerage
Current Price
$375,000
Type
Multi-family
For Sale
