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119 Carroll Street

Ingersoll, N5C 1W3·MLS® X13592904·

Listing courtesy of Century 21 Heritage House LTD Brokerage·Updated yesterday

For sale
1 / 50
8Beds
4Baths
3,000-3,500Sqft
Year Built

Listing price

$650,000

Est. $3,096/mo

Days on market

3

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

Location & neighbourhood

South

Ingersoll, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$3,096
Property tax$704
Insurance (est.)$135
Utilities (est.)$250
Total monthly$4,185

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

Jul 22, 2026Listed
$650,000

Investment analysis

Est. monthly rent

$2,600

Rental yield

4.8%

Est. cash flow

-$1,585

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$156,936

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

Not sure about financing? Ask Colin

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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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