CAONEdwardsburgh20 South St
20 South St, Home with 9 bedrooms, 4 bathrooms and 6 parking in Edwardsburgh ON | Image 1
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$1,149,000

20 South St, Edwardsburgh, ON

Real Estate

For Sale

$--,---,---
946
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential
Size -
Garage Yes
Taxes $4,000
Days Active 21
Lot Size 
Approx. Age 
MLS® Number X12172295

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

All 4 Units have been completely updated!Welcome to a truly one-of-a-kind investment opportunity steeped in character and rich local history. Originally built in 1871 as Spencervilles very first schoolhouse, this remarkable stone building has been thoughtfully transformed into a fully renovated four-unit income property, offering modern comfort while preserving its timeless charm.Set in the heart of picturesque Spencerville, Ontario, this 4-plex features three stylish 2-bedroom, 1-bathroom apartments and one spacious 3-bedroom, 1-bathroom unit, each boasting open-concept layouts, sleek vinyl flooring, and stainless steel appliances. With 2-foot thick solid stone walls and soaring ceilings, every apartment offers a unique blend of warmth, character, and durability.Currently tenanted by long-term residents in three of the four units, the fourth unit operates as a successful Airbnb, generating an average of $2, 800-$3000/month since February 2025. The property provides a strong rental income stream with current rents of $1, 950 for the 3-bedroom unit and $1, 850 for each 2-bedroom apartmentwith rent increases scheduled for 2025. Net Operating Income (NOI): $90, 300. Projected 2025 NOI: $92, 000. Low annual expenses: Taxes ($4, 000), Insurance ($2, 650), Heating ($1, 500)This is an ideal property for investors seeking stable cash flow, minimal maintenance, and future upside all wrapped in the charm of a landmark building. Whether you continue the successful Airbnb model or convert to long-term tenancy, the potential here is as solid as the stone walls themselves. There is a possibility of developing 2 more units at the rear of the building.Show Description
MLS® NumberX12172295
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementOther
DrivewayGarage Type:Attached
Garage Spaces
HeatElectric, Radiant
A/CNone
Heating Fuel

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