Many Canadians are experiencing a heightened interest in buying an income property or have already started diversifying their financial portfolio. If you’re considering purchasing a multi-unit property, we’ve gathered 16 potential income properties ranging from the mid $200s to $3 million in some of the provinces’ most desirable areas.
Zoocasa’s home search offers filtering and segmentation tools that allow you to easily search for properties with a basement unit or a duplex, triplex, or fourplex. Use these filters to find income properties available in your region.
1. 343 Christie Street, $249,900 – Pembroke
Property details:
- 4 beds, 2 baths, 3 parking
- Condo Townhouse
- Walking score 54/Transit score 0
The Algonquin College-area duplex offers two bedrooms upstairs, two bedrooms downstairs, and a den on the main level that may be used as a third bedroom. Featuring high ceilings, a full basement, and a laundry room, this property is a must-see. To see Pembroke’s historic downtown district, stop by this classic red brick home with stunning curb appeal! While the bottom apartment is unoccupied, the second level is currently occupied by renters who wish to stay, allowing you to find another tenant and instantly cashflow both properties!
View the listing here.
2. 1160 Dougall Avenue, $279,000 – Windsor
Property details:
- 4 beds, 2 baths, 0 parking
- Detached
- Walking score 30/Transit score 49
This duplex is a fantastic investment! It features one two-storey unit with one bedroom, a recently added half bath, an upgraded kitchen, and fresh flooring on the main level. Two extra bedrooms, each with two closets and a complete bathroom, are located on the top floor. The completely restored basement unit has its own entrance and features a laundry room, kitchen, bedroom, and full bathroom with a separate door.
View the listing here.
3. 195 Hillside Drive S, $349,900 – Elliot Lake
Property details:
- 4 beds, 2 baths, 3 parking
- Detached
- Walking score 20/Transit score 0
Check out this beautifully renovated detached bungalow conveniently located close to nature trails. Plenty of storage space is provided by garages and sheds. Enter the main floor, which has a very contemporary open-concept layout and a sizable kitchen area with a door leading to a patio with a backyard view. The finished basement features four bedrooms and two full bathrooms. Your renters will enjoy the sizable recreation room, kitchen, and separate entrance leading to a beautiful deck.
View this property here.
4. 1515 Dougall, $399,888 – Windsor
Property details:
- 4 beds, 2 baths, 3 parking
- Detached
- Walking score 23/Transit score 47
This family-friendly neighbourhood home has four bedrooms and two bathrooms and is close to Jackson Park. This property is ready for move-in thanks to the hardwood flooring, fresh modern paint, remodelled kitchen, roomy living and dining spaces, and an upper-level 3-piece bathroom with a tub. It has a large front porch and several huge windows that allow a lot of light. Enjoy the convenience of a basement in-law apartment with a second kitchen, bathroom, and separate back door for your business requirements.
View the listing here.
5. 33 Rose Ave, $429,000 – Brantford
Property details:
- 4 beds, 2 baths, 3 parking
- Detached
- Walking score 28/Transit score 0
A sizable two-storey brick duplex with a completely renovated upper unit that is ready for immediate occupancy! One unit includes a bright living room, updated windows, attractive new flooring, a gorgeous new eat-in kitchen, a huge bathroom, a private deck off the kitchen, newly painted in contemporary colours, new baseboards, trim, and more. The roomy two-bedroom main-floor apartment is already rented out. It features a large living room with laminate flooring, a sizable eat-in kitchen, and access to a basement with plenty of storage space. The building has two separate water heaters and separate hydro meters. An excellent chance to live in the upper unit and get money from the lower unit or rent both units to keep this as a full investment property.
View the listing here.
6. 341 James St, $459,999 – Thunder Bay
Property details:
- 5 beds, 2 baths, 5 parking
- Detached
- Walking score 0/Transit score 37
Welcome to this magnificent brick bungalow in the sought-after Northwood Park neighbourhood, close to the Neebing River and lovely paths. Having a completed area of around 2400 square feet, three bedrooms plus a den, two full-sized kitchens, and two bathrooms. New Espresso Maple Cabinets and Quarts Countertops can be seen in the main level kitchen! You’ll adore the three roomy bedrooms and lovely 4-piece bathroom with a Jack-and-Jill vanity. Two bedrooms, a gorgeous new kitchen with butcher block countertops, an open-concept living and dining area, a three-piece bathroom, and a separate entrance are all located in the basement. The backyard is inviting, with a concrete patio and lovely planter boxes.
View the listing here.
7. 28 Yarwood Street, $469,900 – St. Thomas
Property details:
- 5 beds, 3 baths, 5 parking
- Detached
- Walking score 68/Transit score 0
For a first-time home buyer wishing to lower their mortgage payment or for an investor looking to add a beautiful property to their portfolio, this big triplex provides an excellent opportunity. This hidden gem is located in the centre of St. Thomas, making it easy to walk downtown or visit schools, parks, and all your shopping requirements. Two bedrooms, in-unit laundry, and a wonderful rooftop terrace with views of the backyard trees are all features of the freshly remodelled, unoccupied upper apartment. The one-bedroom front unit has access to a covered front porch. The back apartment, which also has two bedrooms, has a concrete terrace outside. Each unit has a separate hydrometer and entrance.
View the listing here.
8. 14 Northridge Rd, $479,900 – Sault Ste. Marie
Property details:
- 3 beds, 2 baths, 3 parking
- Detached
- Walking score 6/Transit score 0
This 1400-square-foot brick home is located in the exclusive Hilltop Fort Creek neighbourhood. The main floor features a spacious foyer entrance, a nice open living room, a large updated kitchen with new cabinets and countertops, and a separate dining room. The fully finished basement’s large kitchen, spacious dining area, cozy living room, two gas fireplaces, and tastefully updated bathroom make it the ideal location for a potential renter. This place has a ton of storage, starting with a dedicated and finished laundry room and continuing with whole cold storage underneath the garage slab and a sizable cold room. The best part? A gazebo and greenhouse!
View the listing here.
9. 58 Chelsea Street, $594,000 – St. Catharines
Property details:
- 4 beds, 2 baths, 2 parking
- Detached
- Walking score 34/Transit score 39
Investors looking for a turn-key opportunity will enjoy this fully managed two-unit rental, earning $2,431 per month. The current tenants would like to stay, giving you a simple ROI. From large windows to a family-friendly backyard space, this home is ready for you.
View the listing here.
10. 86 Rebecca Street, $600,000 – Stratford
Property details:
- 5 beds, 2 baths, 3 parking
- Detached
- Walking score 37/Transit score 0
This well-maintained two-unit duplex is perfect for investors. Take up residence on one side while leasing the other. The first apartment features two bedrooms, one bathroom, a spacious kitchen, and wide living space with front windows for lots of natural light. The second unit is extensive, featuring a spacious living room, kitchen, and separate dining space. This apartment also contains a bedroom on the main level, a two-piece bathroom above, and two additional bedrooms. The electrical system is entirely modern and available for rental.
View the listing here.
11. 130 Corman Avenue, $699,999 – Stoney Creek
Property details:
- 4 beds, 2 baths, 8 parking
- Detached
- Walking score 47/Transit score 49
A duplex that may be converted back to a single-family home might be the perfect home for you! The seller will convert it back to a single-family home or leave you with a $1,500 monthly income opportunity. It is situated on a sizable lot featuring a south-facing oasis with a 20×40 pool and safety fence. There is a bed on the main floor, plenty of windows, a gas fireplace, hardwood floors, and a 9′ sliding glass door leading to the backyard inside. You will entertain with a dry bar and open space in the basement. The second unit, which is upstairs, has a kitchen, one bed, and a four-piece bathroom with a soaker tub.
View the listing here.
12. 33 Sixth Ave, $825,000 – Kitchener
Property details:
- 4 beds, 3 baths, 10 parking
- Detached
- Walking score 9/Transit score 55
This recently renovated four-bed, three-bath fourplex in R-4 zoning features brand-new quartz countertops, stainless steel appliances, and solid maple cabinets. Enter the income-earning finished basement with a kitchen and bathroom. Find beauty in the interlocking front porch, new light fixtures, and laminate floors.
View the listing here.
13. 1536 Stoneybrook Cres, $999,900 – London
Property details:
- 3 beds, 3 baths, 11 parking
- Detached
- Walking score 6/Transit score 42
This luxurious home is situated in the prestigious Stoneybrook neighbourhood and has a second legal lower unit. Western University is nearby! This is an exceptional chance for investors. The main bedroom has two distinct walk-in closets, and the four-piece ensuite has heated floors! The lower rental unit eliminates the dark basement ambiance with large windows throughout, allowing optimal sunshine. Both units are currently separate; however, the seller is willing to connect them from the inside upon request.
View the listing here.
14. 16 Coachwood Road, $1,899,999 – Brantford
Property details:
- 17 beds, 9 baths, 8 parking
- Detached
- Walking score 45/Transit score 0
Are you ready for nine units? Head to the popular Brier Park neighborhood to see this large, turnkey investment property! This building has eight two-bedroom units, a one-bedroom unit with a fridge, stove, and microwave, and two two-bedroom units with dishwashers. Each unit is currently rented out to great tenants. Plus, a coin-operated washer and dryer to generate additional revenue. There is plenty of parking, including visitor spots and additional street parking. This investment property is ready to be added to your portfolio!
View the listing here.
15. 1064 Ravine Rd, $1,319,900 – Oshawa
Property details:
- 6 beds, 3 baths, 6 parking
- Triplex
- Walking score 49/Transit score 45
A legal tri-plex with R-5 zoning and the ability to add three more units is every investor’s dream! In each of the three units, there are brand-new kitchens and bathrooms. Your renting selling point? A unique extra-large lot with a ravine to enjoy! The main floor, currently rented at $2,450 plus utilities, features a two-storey addition with a large primary bedroom and walk-in closet. The lower unit is a walk-out with a backyard.
View the listing here.
16. 126 Old Oak Lane, $2,295,000 – Markham
Property details:
- 4 beds, 5 baths, 4 parking
- Triplex
- Walking score 10/Transit score 29
Check out this incredible, one-of-a-kind estate house in Cornell with two connected homes. Extremely uncommon home with a 90-foot frontage and a two-car garage. The 631-square-foot, two-bedroom coach home features a separate entrance, kitchen, and bathroom (Income Opportunity). The main house is over 3,100 square feet with four bedrooms and four and a half baths. The main floor of this opulent home boasts 10-foot ceilings, while the second floor has 9-foot ceilings.
View the listing here.
If you’re shopping for an income property, check out our free downloadable Home Buyer’s Guide to get you started.
