504 Andrew Street
Shelburne, ON
- 8 bed
- 4 bath
- approx. 1500-2000 sqft
- Fourplex
- 128 days on market
Thinking about venturing into the world of residential leasing - start with this outstanding investment opportunity in the rapidly growing Town of Shelburne. Check out this solid, updated fourplex, featuring 4 bright, separate 2 bedroom apartments. Quality brick exterior, the building sits on a spacious 60 ft. x 150 ft. lot. Each of the four units features an open concept kitchen, dining & living area with breakfast counters, 2 bedrooms, a full 4 piece bathroom and ensuite laundry. Each unit was refreshed with neutral decor in 2023/2024 with quality laminate flooring, updated cabinetry and bathroom fixtures. Each unit also features a ductless heating/cooling unit. This turnkey investment opportunity is fully tenanted and offers great income and cap rate. See attached income/expense information.
Listing Details
- Taxes (2025)
- $4,585
- Listed
- May 11, 2026
Price History
Listing history
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Property
- Style
- Bungalow-Raised
- Age
- 31-50
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Separate Hydro Meter
- Lot Size
- 60 x 150 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Main Street East & Dufferin Street
- Parcel Number
- 341290047
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 4 refrigerators, 4 stoves, 4 sets of washer/dryer, 4 hot water heaters
Schools
Elementary
- Centennial Hylands Elementary School0.2 km
Public · Upper Grand DSB · 540 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 40% met the provincial standard
- Glenbrook Elementary School1 km
Public · Upper Grand DSB · 430 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 36% met the provincial standard
- Hyland Heights Elementary School1.1 km
Public · Upper Grand DSB · 480 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 16% met the provincial standard
Secondary
- Centre Dufferin District High School1 km
Public · Upper Grand DSB · 810 students
Grade 10 literacy: 76% 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 L9V
- Population
- 17,750
- Private dwellings
- 6,657
- Median age
- 40
- Average household size
- 2.9
- Median household income
- $105,000
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
Residential Freehold in Shelburne · last 12 months
- Median sold price
- $642,500
- Homes sold
- 134
- Median days on market
- 34
- Sale-to-list price
- 96.8%
Based on 134 recorded sales of residential freehold properties in Shelburne over the last 12 months.
Listed by
ROYAL LEPAGE RCR REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$340,000
Estimated Monthly Payment
$8,352
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,352/mo (20% down, 5.5%)
Taxes: $382/mo · Insurance: $425/mo
Estimates only. Consult a financial advisor.
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