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Investment signal

$889,000

221 WALTON STREET

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Type

Multi-family

Suite

Investment signal

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Location 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.

About this home

Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. All units are fully above grade and the building features two spacious two-bedroom units and two one-bedroom units, each self-contained. This property is currently vacant, renovated and provides immediate income-generating potential. Located in historic downtown Port Hope, tenants benefit from walkable access to amenities, shops, cafes, and public transit, including VIA Rail and Highway 401-ideal for attracting abroad tenant base. The property includes a rear addition overlooking a peaceful ravine, adding appeal to attract quality tenants. Whether you're expanding your portfolio or seeking a repositioning project, this property's size, location, and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Port Hope
Living area: 9,558 square feet
Lot dimensions: 52.18 x 95.7 FT
On market: Apr 17, 2026
Status changed: Apr 24, 2026
Annual tax: $6,906.3
Zoning: R2-1
Photos: 49
MLS#: X13011250
Area: PORT_HOPE

Features and systems

Heating

Radiant heat

Cooling

None

Lot

Irregular lot size

Negative cash flow ~$975/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.58%

Cap rate

3.55%

GRM

16.6

Break-even rent

$5,476

Financing

Down payment$177,800

Loan amount$711,200

Mortgage$3,604/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$407

Insurance$80

Maintenance$741

CapEx reserve$370

Vacancy loss$223

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.

Mortgage estimate

Estimated $3,604/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 24, 2026.