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Investment signal

$529,900

141 ONTARIO STREET

Beds

3

Baths

3

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Live in One Unit, Rent the Other! - Why Rent When You Can Earn? Welcome to this beautifully transformed, extensively renovated duplex in the vibrant heart of Port Hope. Bright, inviting, practically brand new, this turn-key property offers exceptional flexibility for homeowners & investors alike. Spacious upper-level unit features 2 bedrooms, a versatile den, and modern 4-piece bath, making it ideal for families, professionals working from home, or tenants seeking extra space. Charming main-floor unit offers 1 bedroom, 2 bathrooms, (ensuite) providing added comfort and convenience rarely found in similar properties. Every detail has been thoughtfully upgraded throughout the home. Recent renovations include 2 brand-new kitchens with contemporary finishes, beautifully updated bathrooms, elegant new flooring, fresh drywall & insulation, modern lighting, a full interior repaint, and new exterior siding. With all major improvements expertly completed, you can move in with confidence or begin generating rental income immediately. Ideally situated just a short stroll from downtown amenities, Trinity College School, & the picturesque waterfront, this property is located in one of Port Hope's most desirable and walkable neighbourhoods. Outside, the generous fenced yard offers privacy and space to relax or entertain. The welcoming front porch and rear deck create inviting outdoor living areas, perfect for morning coffee or summer gatherings. Additional highlights include parking for up to four vehicles and 2 individual laundry areas, enhancing the functionality & appeal of this thoughtfully designed duplex. Whether you choose to live in one unit & rent the other, accommodate extended family, or maximize income by leasing both units, the possibilities are endless. *Vacant, so establish your rent amounts!* This rare opportunity combines modern upgrades, prime location, and outstanding investment potential in one exceptional property. (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
Port Hope
Lot dimensions
50.6 x 95 FT
Bedrooms
3 above grade
Parking
4 total
Stories
2
On market
Apr 15, 2026
Status changed
Apr 16, 2026
Annual tax
$3,551.82 (2026)
Zoning
R2
Photos
50
MLS#
X13002806
Area
PORT_HOPE

Features and systems

Parking

No Garage

Basement

UnfinishedPartial

Appliances

Water Heater - Tankless

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Foundation

Concrete

Lot

Flat siteCarpet FreeIn-Law Suite

Utilities

SewerElectricityCable
Negative cash flow ~$616/mo at these assumptions

Cash on cash

-6.97%

Cap rate

3.47%

GRM

16.7

Break-even rent

$3,298

Financing

Down payment$105,980
Loan amount$423,920
Mortgage$2,148/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$243
Insurance$80
Maintenance$442
CapEx reserve$221
Vacancy loss$133

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Port Hope. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,148/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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