119 Carroll Street
Ingersoll, N5C 1W3·MLS® X13592904·
Listing courtesy of Century 21 Heritage House LTD Brokerage·Updated yesterday
Listing price
$650,000
Est. $3,096/mo
Days on market
Listed Jul 22, 2026
Description
Fully occupied fourplex offering steady income, flexibility, and long term upside in a central Ingersoll location. This well maintained property features one dedicated parking space per unit at the rear, practical layouts, and a solid history of care with documented capital improvements. Each unit is currently tenanted, providing immediate and consistent rental income for investors seeking a turnkey opportunity with minimal vacancy risk. The unit at 100 Cherry Street offers a two bedroom layout with a kitchen, four piece bathroom, generous closet space, and elevated front access, creating a comfortable and functional living space. The unit at 100A Cherry Street features three bedrooms, a kitchen, living room, three piece bathroom, storage area, and laundry hookups, making it well suited for long term tenancy. The unit at 98 Cherry Street is a one bedroom unit with a large eat in kitchen, four piece bathroom, closet space, porch, basement access, and a newer boiler, offering efficient use of space and strong functionality. The unit at 119 Carroll Street includes two bedrooms, a spacious living room, kitchen, four piece bathroom, ample closet space, basement access, a front porch, a newer boiler, and a private driveway with parking for two vehicles. Property updates include a newer roof completed in 2020, updated windows installed at time of purchase, four rented water heaters, and a well documented expense profile, supporting ease of management and long term ownership. With all units occupied, this property provides stable cash flow and appeals to investors or multi generational buyers looking for a reliable income producing asset in a growing community.
Property details
Basement
Full, Unfinished
Parking
6 spaces
Type
Fourplex — 2-Storey
Heating
Radiant
Monthly payment estimate
Land transfer tax
Ontario LTT
$9,475
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Investment analysis
Est. monthly rent
$2,600
Rental yield
4.8%
Est. cash flow
-$1,585
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$156,936
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
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Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Real Estate Agent
519-859-4579 · colinabbot@gmail.com
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