Fantastic investment opportunity or house-hacking gem in the expanding suburb of Alfred! This triplex generates a powerful $55,116 in annual gross rent ($4,593/month) with a Net Operating Income (NOI) of $40,394, delivering an exceptional cap rate. The property features 5 total bedrooms across three distinct levels, All units have separate heating controls: Upper Unit: Bright living space with its own private outdoor patio. Main Unit: Highly unique split-layout featuring an independent, sublet-ready suite with its own private entrance, kitchen, and bathroom. Shares a common laundry area. Basement Unit: Separate lower-level apartment boasting a private walk-out patio. The massive backyard easily accommodates parking for 4 vehicles. Perfectly situated approximately one hour from both Ottawa and Montreal, this versatile property is ideal for savvy investors or buyers looking to live in one unit while offsetting their mortgage. Schedule your viewing today! Updates: All 4 bathrooms have been updated in last 3 years, Shingles 2 years, Boiler Combi 3 Years. All units rented to adults only no children. 24hrs irrevocable on all offers. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Ownership: Freehold
- Parking Spaces: 4
- Transaction: For sale
Building
- Amenities: Separate Heating Controls
- Appliances: Dryer, Microwave, Stove, Washer, Refrigerator
- BasementType: N/A
- Basement Features: Apartment in basement
- Bedrooms Main Level: 5
- Construction Style Attachment: Detached
- Cooling: None
- Exterior Finish: Hardboard
- Fireplace Present: False
- Foundation: Unknown
- Bathrooms (Total): 4
- Heating: Baseboard heaters
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: House
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 45 ft ,9 in
- Size Irregular: 45.8 x 115.5 FT
Listing provided by RE/MAX HALLMARK REALTY GROUP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 365 ST PHILIPPE STREET in Alfred and Plantagenet Ontario. It was last modified on June 22nd, 2026. Contact Jeremy Hussey to schedule a viewing or to discover other Alfred and Plantagenet properties for sale.