
119 CARROLL Street
Ingersoll, Ontario
8 bed • 4 bath • Multi-family
Fully occupied fourplex offering steady income, flexibility, and long term upside in a central Ingersoll location. This well maintained property features one dedicated parking space per unit at the rear, practical layouts, and a solid history of care with documented capital improvements. Each unit is currently tenanted, providing immediate and consistent rental income for investors seeking a turnkey opportunity with minimal vacancy risk. The unit at 100 Cherry Street offers a two bedroom layout with a kitchen, four piece bathroom, generous closet space, and elevated front access, creating a comfortable and functional living space. The unit at 100A Cherry Street features three bedrooms, a kitchen, living room, three piece bathroom, storage area, and laundry hookups, making it well suited for long term tenancy. The unit at 98 Cherry Street is a one bedroom unit with a large eat in kitchen, four piece bathroom, closet space, porch, basement access, and a newer boiler, offering efficient use of space and strong functionality. The unit at 119 Carroll Street includes two bedrooms, a spacious living room, kitchen, four piece bathroom, ample closet space, basement access, a front porch, a newer boiler, and a private driveway with parking for two vehicles. Property updates include a newer roof completed in 2020, updated windows installed at time of purchase, four rented water heaters, and a well documented expense profile, supporting ease of management and long term ownership. With 3 units occupied, 1 unit will be vacant end of October, this property provides stable cash flow and appeals to investors or multi generational buyers looking for a reliable income producing asset in a growing community.
Price History
Schools
Elementary
- Royal Roads Public School0.6 km
Public · Thames Valley DSB · 400 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 63% met the provincial standard
- Harrisfield Public School1.2 km
Public · Thames Valley DSB · 615 students
Grade 3 reading: 54% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Laurie Hawkins Public School1.2 km
Public · Thames Valley DSB · 545 students
Grade 3 reading: 58% met the provincial standard · Grade 6 math: 25% met the provincial standard
Secondary
- Ingersoll District Collegiate Institute0.9 km
Public · Thames Valley DSB · 895 students
Grade 10 literacy: 74% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5C
- Population
- 15,721
- Private dwellings
- 6,382
- Median age
- 41.2
- Average household size
- 2.5
- Median household income
- $89,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Ingersoll · last 12 months
- Median sold price
- $561,000
- Homes sold
- 184
- Median days on market
- 24
- Sale-to-list price
- 97.9%
Based on 184 recorded sales of multi-family properties in Ingersoll over the last 12 months.
Location
Mortgage Calculator
$130,000
Estimated Monthly Payment
$3,193
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,193/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $163/mo
Estimates only. Consult a financial advisor.