$1,425,000
28 QUEEN STREET
Beds
10
Baths
5
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for North Stormont. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Introducing 28 Queen Street, Crysler - a quality-built and thoughtfully designed 6-plex located in the heart of the vibrant, and rapidly growing community of Crysler! Constructed in 2003, this 2-story building sits on a durable ICF slab-on-grade foundation. The property features 6 well-appointed residential units - including 4x 1-bedroom + 1 office units and 2x 2-bedroom units, each equipped with 1 full bathroom. With 3 spacious units per floor, this building is both functional and appealing to tenants. All units are separately metered for hydro and gas, providing simplified utility management and cost control. Additional features include a backup generator, and ample on-site parking for tenants. Currently, 5 of the 6 units are rented to reliable tenants, while 1 unit has been intentionally kept vacant - offering the future owner the flexibility to move in or lease at todays strong market rents. This is a rare and turnkey investment opportunity in an expanding community with increasing demand for quality rental housing. Whether you're a seasoned investor or looking to enter the market with a high-quality asset, 28 Queen Street is a solid, low-maintenance building primed for consistent returns. Provide 48h irrevocable on all offers. (id:65958)
- Subtype
- Multi-family
- Structure
- Other
- Community
- 711 - North Stormont (Finch) Twp
- Lot dimensions
- 131.2 x 141.2 FT
- Bedrooms
- 10 above grade
- Parking
- 12 total
- Stories
- 2
- On market
- Feb 3, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $8,606.67
- Photos
- 42
- MLS#
- X12755460
- Area
- NORTH_STORMONT
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Cash on cash
-6.41%
Cap rate
3.58%
GRM
16.7
Break-even rent
$8,727
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: 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
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.