38-40 QUEEN Street
North Stormont, ON
- 9 bed
- 9 bath
- approx. 5000 + sqft
- Fourplex
A RARE 9-UNIT INVESTMENT OPPORTUNITY! Offering flexibility, strong income potential and a unique multi-residential setup, this well-maintained property is one you'll want to take a closer look at. Currently designed with senior living and accessibility in mind, Spread across two separate buildings, 38 Queen Street features 3 units while 40 Queen Street offers 6 units. Each unit is equipped with five appliances, in-floor radiant heating and wall-unit air conditioning for year-round comfort. The thoughtful layouts and accessible design make the property well suited for senior living while offering versatility for a broader rental market. Whether you're expanding your portfolio, exploring senior housing or looking for a distinctive multi-unit apartment investment, opportunities like this are hard to find!
Listing Details
- Taxes (2025)
- $12,310
- Listed
- September 18, 2026
Price History
Listing history
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Property
- Style
- Other
- Construction
- Stone
- Roof
- Unknown
- Foundation
- Poured Concrete
- Interior
- None
Parking
- Garage
- Other
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- 417 East Exit Limoges, Right on Limoges rd /St Albert Rd , Right on Rocky Hill rd. Rocky hill changes to Queen once you arrive in town, Property on the Left.
- Zoning
- Residential
- Parcel Number
- 601080242
- Possession
- Other
- Occupancy
- Tenant
Schools
Elementary
- École élémentaire catholique Notre-Dame-du-Rosaire0.2 km
French Catholic · CSDC de l'Est ontarien · 175 students
Grade 3 reading: 44% met the provincial standard · Grade 6 math: 15% met the provincial standard
- École élémentaire catholique Saint-Albert4.9 km
French Catholic · CSDC de l'Est ontarien · 110 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 30% 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 K0A
- Population
- 111,626
- Private dwellings
- 43,737
- Median age
- 44
- Average household size
- 2.6
- Median household income
- $115,000
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 North Stormont · last 12 months
- Median sold price
- $479,900
- Homes sold
- 107
- Median days on market
- 32
- Sale-to-list price
- 96.9%
Based on 107 recorded sales of residential freehold properties in North Stormont over the last 12 months.
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EXIT REALTY MATRIX
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Location
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Mortgage Calculator
$317,800
Estimated Monthly Payment
$7,806
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
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Mortgage: $7,806/mo (20% down, 5.5%)
Taxes: $1,026/mo · Insurance: $397/mo
Estimates only. Consult a financial advisor.
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