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Investment signal

$599,000

195 SYDENHAM STREET

Beds

—

Baths

—

Sqft

—

Year

1900

Location

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About this home

Excellent investment opportunity! 4-plex in the heart of Dresden featuring two–2-bedroom units and two–1-bedroom units, all with existing tenants in place—buyer to assume tenants. ALL UNITS ARE SEPARATELY METERED WITH EACH TENANT RESPONSIBLE FOR THEIR OWN HYDRO, WATER AND GAS. Gross annual income of $52,722.84 with rents as follows: Unit 1 – $1,300/month plus utilities, Unit 2 – $1,310.98/month plus utilities, Unit 3 – $582.59/month plus utilities, Unit 4 – $1,200/month plus utilities. Property features newer gas furnaces, and a new asphalt shingled roof. Ideally located directly across from the splash pad, baseball diamond, and community pool, and within a short walking distance to Dresden Area Central School and all downtown amenities, no driving necessary. A well-located, solid income-producing property with strong rental appeal. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Common interest: Freehold
Lot dimensions: 57' X 79'
Stories: 2
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $2,686.55 (2025)
Zoning: RH1
Photos: 34
MLS#: 26008265
Area: DRESDEN

Features and systems

Heating

Natural gasFurnace

Exterior

Brick

Flooring

HardwoodLaminate

Negative cash flow ~$1,193/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.95%

Cap rate

3.50%

GRM

16.6

Break-even rent

$4,256

Financing

Down payment$119,800

Loan amount$479,200

Mortgage$2,940/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$499

CapEx reserve$250

Vacancy loss$150

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 Dresden. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,940/mo at 5.49% with 20% down, 25-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 17, 2026.