$624,900
2039 VICTORIA STREET
Beds
6
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.
About this home
Located in the quiet community of Gorrie, this triplex presents a solid opportunity for anyone looking to step into real estate investment or make a smart move toward more affordable homeownership. The property features three separate units, including one 1 bedroom, one 2 bedroom, and one 3 bedroom layout, each well cared for and full of character. With reliable tenants already in place who take pride in their spaces, there's an immediate sense of stability that makes this an easy property to step into and manage.Whether you're looking to build your portfolio or live in one unit while the others help carry the mortgage, this setup offers flexibility that can work in a number of ways. One of the units spans over 1,200 square feet, offering a larger layout that stands out for both living space and rental appeal. Set in a small town setting with steady demand for rental housing, this property brings together location, practicality, and long term potential in one place.Major updates in the last two years take much of the heavy lifting off the next owner, new exterior siding with insulation, updated water lines, a new hot water heater, fully renovated kitchens and washrooms in two of the three units, and fresh paint throughout. If you've been waiting for the right opportunity to get started or expand, this could be worth a closer look.Reach out today for the full investment package, rental income, floor plans, and everything you need to make a confident decision. (id:65958)
- Subtype
- Multi-family
- Structure
- Triplex
- Community
- Howick
- Lot dimensions
- 41.3 x 107 FT ; 19.92x79.56x85.98x40.85x107.01x120.18
- Bedrooms
- 6 above grade
- Parking
- 2 total
- Stories
- 2
- On market
- Apr 17, 2026
- Status changed
- Apr 17, 2026
- Annual tax
- $1,530 (2025)
- Zoning
- VC1
- Photos
- 48
- MLS#
- X13011726
- Area
- HOWICK
Features and systems
Parking
Basement
Appliances
Heating
Exterior
Foundation
Lot
Cash on cash
-10.36%
Cap rate
3.82%
GRM
15.8
Break-even rent
$4,436
Financing
Operating expenses (monthly)
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 Howick. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
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.