20 South Street

Welcome to a truly unique investment opportunity with a touch of history, nestled at 20 South Street, Edwardsburgh/Cardinal. This remarkable Multi-Family Home for sale in Edwardsburgh/Cardinal has been meticulously transformed from its original purpose as Spencerville's very first schoolhouse, built in 1871, into a stunning four-unit income property. The exterior, crafted from solid stone, not only exudes character but also provides durability and warmth, making this a standout property in the heart of Edwardsburgh/Cardinal.

This charming multiplex, located in the scenic Leeds and Grenville area, boasts an impressive total of 21 rooms, including four well-appointed kitchens that cater to the needs of each unit. The building is designed in a two-storey style, featuring three stylish 2-bedroom, 1-bathroom apartments and one spacious 3-bedroom, 1-bathroom unit. Each apartment is characterised by open-concept layouts, sleek vinyl flooring, and modern stainless steel appliances, ensuring that residents enjoy both comfort and convenience.

Currently, three of the four units are tenanted by long-term residents, providing a reliable income stream, while the fourth unit operates as a successful Airbnb, generating an impressive average of £2,800 to £3,000 per month since February 2025. This Multi-Family Home for sale in Edwardsburgh/Cardinal is not just a property; it's a thriving investment with a strong rental income potential. The current rents are set at £1,950 for the 3-bedroom unit and £1,850 for each of the 2-bedroom apartments, with scheduled rent increases for 2025. The property boasts a Net Operating Income (NOI) of £90,300, with projections indicating a rise to £92,000 in 2025.

With low annual expenses, including taxes of £4,000, insurance at £2,650, and heating costs of £1,500, this Multi-Family Home for sale in Edwardsburgh/Cardinal presents an ideal opportunity for investors seeking stable cash flow with minimal maintenance. The property is unfurnished, allowing new owners to put their personal touch on the interiors. While there is no central vacuum system or air conditioning, the radiant heating provides a cosy atmosphere during the colder months.

The lot measures an impressive 89 by 325 feet, offering ample space for outdoor activities or potential future developments. There is also attached garage space for two vehicles, along with parking for an additional six cars, making this property not only functional but also convenient for both residents and guests. Although there is no pool or fireplace, the charm of this historic building more than compensates for these features.

Set in the picturesque community of Edwardsburgh/Cardinal, this Multi-Family Home for sale in Edwardsburgh/Cardinal is a landmark property that offers a blend of modern living and rich local history. The building's 2-foot thick solid stone walls and soaring ceilings create a unique atmosphere that is both inviting and impressive. The potential for developing two more units at the rear of the building adds to the allure of this investment, providing an exciting opportunity for future growth.

In conclusion, 20 South Street, Edwardsburgh/Cardinal, is not just a property; it's a chance to own a piece of history while benefiting from a lucrative investment. Whether you choose to continue the successful Airbnb model or convert the units to long-term tenancies, the possibilities are endless. Don't miss out on this exceptional Multi-Family Home for sale in Edwardsburgh/Cardinal—an opportunity like this doesn't come along every day!

Edwardsburgh/Cardinal Township, nestled in the picturesque landscape of Eastern Ontario, offers a charming blend of rural tranquillity and vibrant community spirit. This welcoming geographic entity is characterised by its lush farmlands, serene waterways, and quaint villages, providing residents with a peaceful lifestyle while still being within easy reach of larger urban centres. With a rich history and a strong sense of local pride, the area boasts various recreational activities, including hiking, fishing, and community events that foster a close-knit atmosphere. Whether you’re seeking a quiet retreat or a place to raise a family, Edwardsburgh/Cardinal Township presents an inviting option for those looking to embrace the beauty of rural living.

Schools in the Neighbourhood

The property is conveniently located near Centennial '67 Public School, an elementary institution situated just 0.2 km away at 7 Henderson St, Spencerville, within the Edwardsburgh/Cardinal area. This school is part of the Upper Canada District School Board and offers a public education with a focus on French language instruction. Serving grades from Junior Kindergarten to Grade 6, Centennial '67 has a school rating of 6.3, indicating a solid educational environment for young learners. Its close proximity makes it an ideal choice for families with children, ensuring easy access to quality education and fostering a sense of community. The emphasis on French language study can also be a significant advantage for families seeking bilingual education for their children. Overall, the nearby school enhances the appeal of the property, providing both convenience and educational opportunities for potential buyers.