Incredible investment opportunity! Over 7% cap rate! Located in the quaint town of Freelton, right across from a municipal park. Get your hands on this 1/2 property with 2 residential buildings on it. The upper building consists of four two-bedroom apartments with forced air heating and air conditioning. The lower building consists of two two-bedroom apartments and two one-bedroom apartments with forced air heating. A large garage/shop approximately 1,400 square feet can provide additional revenue or keep as personal storage for your toys. Additional income/offset with solar panel contract. Tenant parking for over ten cars. Onsite coin operated laundry. Literally an investors dream property. Nothing to do but collect the rent! Great tenants! Amazing location just 14 minutes to downtown Waterdown, 8 minutes to the 401, and 25 minutes to Cambridge. Gems like these don't come around often. RSA.
Our Lady of Mount Carmel Catholic Elementary School
Public, JK-8 • Assigned
12.9km
Waterdown District High School
Public, 9-12 • Assigned
Provided by Local Logic
Lifestyle
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Kitchen
Bathroom
Bedroom
Living
Interior features
Full, partially finished walk-out basement
Heating & cooling
Central air
Wall unit(s)
Natural gas forced air heating
Exterior features
Lakefront
Hillside / hilly terrain
Home design
Residential income multi-family (multiplex)
2-storey
Faces east
Vinyl siding
Parking
Total of 9 parking spaces
1 covered space
Attached garage
Construction
Asphalt roof
Utilities
Public water
Septic tank sewer
Sale and tax history for 154-156 Freelton Rd
Sale History
Tax History
Date
Event
Price
TREB #X13207934
May 27, 2026
Listed
$1,550,000
TREB #X12263234
May 2, 2026
Delisted
—
Jul 4, 2025
Listed
$1,550,000
+18
Introducing this incredible investment opportunity! Over 7% cap rate! Located in the quaint town of Freelton, right across from a municipal park. This amazing location is just 14 minutes to downtown Waterdown, 8 minutes to the 401, and 25 minutes to Cambridge. Get your hands on this 1/2 property with 2 residential buildings on it. The upper building consists of 4 two-bedroom apartments with forced air heating & air conditioning. The lower building consists of 2 two-bedroom apartments and 2 one-bedroom apartments with forced air heating. A large garage/shop that is approximately 1,400 square feet can provide additional revenue or keep as personal storage for your toys. Tenant parking for over 10 cars. Onsite coin operated laundry for added convenience. Literally an investors dream property. Nothing to do but collect the rent! Great tenants! Gems like these don't come around often. RSA