58 & 60 Queen Street S

Welcome to an extraordinary investment opportunity located at 58 & 60 Queen Street S, Mississauga, right in the heart of Downtown Streetsville, one of the most desirable neighbourhoods in the area. This remarkable property, a Multi-Family Home for sale in Mississauga , consists of two well-maintained semi-detached buildings that boast a total of six income-producing units. With a long-standing history of stable occupancy and consistent tenancy, this property has never experienced any vacancy, making it a fantastic prospect for any savvy investor.

The buildings are professionally managed and feature separate hydro meters for each unit, ensuring that tenants are responsible for their own hydro usage, including electric heating. Meanwhile, the landlord conveniently maintains the water service. The layout of the Multi-Family Home for sale in Mississauga is particularly appealing, offering a mix of spacious one-bedroom and two-bedroom units, all designed to cater to a variety of tenant needs. With a total of 14 rooms, including six kitchens and one den, this property provides ample space for comfortable living.

Situated on a generous lot measuring 50 X 162 feet, the property includes 10 dedicated parking spaces, which is a rare find in such a bustling area. While there is no garage space or pool, the private driveway ensures easy access for tenants and their guests. Additionally, the buildings are constructed with a combination of brick and stucco (plaster), providing a charming exterior that complements the character of the surrounding Streetsville community.

Inside, the Multi-Family Home for sale in Mississauga is equipped with window unit air conditioning, ensuring a comfortable environment during the warmer months. The heating system is based on baseboard heating, providing reliable warmth throughout the colder seasons. While the property is currently unfurnished, this presents a unique opportunity for new owners to personalise the space to their liking.

The absence of a family room and central vacuum system may seem like drawbacks, but the layout and configuration of the units allow for a versatile living experience. The basement of the property features an apartment, adding further potential for rental income or accommodation for guests. Although there are no additional land parcels included with the property, the existing footprint offers ample space for growth and development.

One of the standout features of this Multi-Family Home for sale in Mississauga is its location. Streetsville is renowned for its charming, walkable village atmosphere, which is complemented by vibrant local shops, cafés, and restaurants. The community also boasts beautiful parks and a strong sense of belonging, making it an attractive place for tenants. With easy access to public transit, including GO Train services, schools, and everyday conveniences, the demand for rental properties in this area remains robust.

For those looking to expand their investment portfolio or secure a value-add asset in a prime location, this offering at 58 & 60 Queen Street S, Mississauga, checks all the boxes. The property’s strong rental history, combined with its desirable location, makes it an ideal choice for both seasoned investors and newcomers alike. A rent roll is attached to the listing, providing insight into the income potential of this exceptional Multi-Family Home for sale in Mississauga.

In summary, 58 & 60 Queen Street S, Mississauga, presents a rare opportunity to invest in a well-maintained multiplex that offers immediate income and long-term holding potential. With its strategic location in the vibrant Streetsville community, this property is sure to attract a steady stream of tenants, ensuring that your investment remains profitable for years to come. Don’t miss out on this chance to own a piece of prime real estate in one of Mississauga’s most sought-after areas!

Streetsville, a charming village nestled within the city of Mississauga, offers a delightful blend of historic character and modern convenience. Known for its picturesque streets lined with quaint shops, cafés, and restaurants, Streetsville exudes a warm, welcoming atmosphere that feels like a small town despite being part of a larger urban landscape. The community is enriched by its scenic river, lush parks, and a vibrant calendar of local events, fostering a strong sense of place and connection among residents. With excellent transport links, top-notch schools, and a diverse array of amenities, Streetsville presents an appealing option for those seeking a harmonious balance between suburban tranquility and urban accessibility.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, making it an excellent choice for families. Within a short distance, you will find several elementary and secondary schools, predominantly under the Peel District School Board and Dufferin-Peel Catholic District School Board. Notable nearby schools include Dolphin Sr. Public School (0.2 km), catering to grades 6 to 8, and Streetsville Secondary School (0.8 km), which has a commendable school rating of 7.6 for grades 9 to 12. For younger children, Willow Way Public School (0.8 km) serves grades K to 5, while St. Joseph Catholic Elementary (0.9 km) offers a Catholic education for grades K to 8, with a solid rating of 7. Additionally, St. Joseph Secondary School (1.6 km) boasts an impressive rating of 8.3. The area also features schools with French language programs, such as Vista Heights Public School and Hazel McCallion Senior Public School. Overall, the proximity to quality educational options enhances the appeal of this property, providing a nurturing environment for children and peace of mind for parents.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 423 residents, with an average household size of 2. The community has a relatively mature demographic, with an average age of 51.9 years. The average household income stands at $92,000, although 22% of the population is classified as low-income. The real estate market reflects a higher price point, with average property values around $1,040,000. Approximately 50.65% of the residents are single, while 36.36% live in households with children, indicating a mix of family structures. The area is notably diverse, with 45.57% of the population being immigrants. A significant portion of the community, 56.1%, are renters, and 14.63% reside in condominiums. Education levels are high, with 60.56% of residents holding a college or university degree. However, nearly half of the population, at 46.48%, is not in the labor force, suggesting a mix of retirees and those not actively seeking employment. This demographic profile indicates a stable, educated community with a blend of family-oriented and single residents, contributing to a vibrant neighborhood atmosphere.