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119 CARROLL Street

119 CARROLL Street

Ingersoll, Ontario

8 bed • 4 bath • Multi-family

$650,000

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.

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