117 Drummond Street
Merrickville-Wolford, ON
- 10 bed
- 5 bath
- approx. 5000 + sqft
- Multiplex
- 96 days on market
Exceptional Multi-Residential Investment Opportunity in the Heart of Merrickville Located in one of Eastern Ontario's most charming communities this purpose-built five-unit apartment building offers investors an outstanding combination of stable income, modern construction, and virtually worry-free ownership. Situated minutes away from Merrickville vibrant downtown core, residents enjoy convenient access to boutique shopping, restaurants, cafés, galleries, and the historic Rideau Canal. Constructed two years ago, this attractive building has been thoughtfully designed with both tenant comfort and long-term ownership in mind. The property consists of five spacious two-bedroom apartments featuring contemporary layouts, quality finishes, and modern conveniences that continue to attract and retain excellent tenants. Each suite offers a bright, open-concept floor plan highlighted by soaring ceilings and generous living spaces that create an airy, welcoming atmosphere. Large windows allow for an abundance of natural light throughout the day, while modern electric fireplaces provide warmth, character. The kitchens are equipped with stainless steel appliances and ample cabinetry, seamlessly flowing into the dining and living spaces. In-suite laundry, spacious bedrooms, well-appointed bathrooms, and efficient floor plans that maximize functionality and comfort. Four of the five apartments feature private balconies, providing valuable outdoor living space. The property includes both indoor and outdoor parking accommodations. The building's low-maintenance design and relatively recent construction mean investors can focus on income generation rather than capital expenditures. All units are currently rented at market rates. The quality of the building, desirable suite layouts, and prime location contribute to strong tenant demand and excellent long-term rental prospects.
Listing Details
- Taxes (2025)
- $14,287
- Originally Listed
- $2,400,000
- Listed
- June 17, 2026
Price History
Listing history
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Property
- Style
- 3-Storey
- Age
- 0-5
- Construction
- Aluminum Siding, Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Auto Garage Door Remote, Carpet Free, On Demand Water Heater, Primary Bedroom - Main Floor
- Lot Size
- 59.23 x 81.87 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 4
- Total Parking
- 10
Utilities
- Sewer
- Sewer
- Heat Source
- Propane
Location & Legal
- Cross Street
- St John Street
- Zoning
- R1
- Parcel Number
- 681080662
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 5 Fire Places, 5 Ovens, 5 Refrigerators, Washing Machines, 5 Dryers 5, Dish washers, 5 Furnaces, 5 On Demand Heaters.
- Exclusions
- N/A
- Rental Items
- N/A
Schools
Elementary
- École élémentaire catholique Sainte-Marguerite-Bourgeoys0.3 km
French Catholic · CSDC du Centre-Est de l'Ontario · 85 students
Grade 6 math: 58% met the provincial standard
- Merrickville Public School0.5 km
Public · Upper Canada DSB · 140 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 59% 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 K0G
- Population
- 39,862
- Private dwellings
- 19,411
- Median age
- 50.4
- Average household size
- 2.4
- Median household income
- $94,000
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 Merrickville-Wolford · last 12 months
- Median sold price
- $447,500
- Homes sold
- 57
- Median days on market
- 49
- Sale-to-list price
- 95.5%
Based on 57 recorded sales of residential freehold properties in Merrickville-Wolford over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY GROUP
Walk Score
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Location
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Mortgage Calculator
$400,000
Estimated Monthly Payment
$9,825
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: $9,825/mo (20% down, 5.5%)
Taxes: $1,191/mo · Insurance: $500/mo
Estimates only. Consult a financial advisor.
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