Meaford ON, N4L 1H6
Property Information:
Purpose-built income properties like this rarely come to market in Meaford. Completed in 2023, this premium duplex is the definition of turn-key investing: modern construction, strong in-place income, low operating overhead, and zero deferred maintenance. Generating north of $50,000 in gross annual income, the property is fully leased with the upper unit renting for $2,300/month and the lower unit renting for $1,900/month. Tenants pay all utilities including separately metered hydro and water, creating an efficient, landlord-friendly investment with predictable cash flow and minimal ongoing expenses. Offering more than 3,000 sq.ft. of rentable living space, both units feature highly desirable layouts with 2 bedrooms, 2 bathrooms, open-concept living areas, modern kitchens, spacious primary bedrooms with ensuites, in-suite laundry, private entrances, and attached private garages; features specifically designed to attract and retain high-quality tenants. 342 Thompson Street is the type of asset investors are actively searching for: newer construction, excellent tenant profile, strong rental demand, and located in one of Ontario's fastest-growing lifestyle markets. Meaford continues to experience significant growth driven by its proximity to Thornbury, Collingwood, Blue Mountain, Georgian Bay, and the region's expanding healthcare, tourism, and professional sectors. Whether you're adding to an established portfolio or securing a long-term appreciation play, 342 Thompson Street checks every box. Strong income. Strong tenant profile. Strong market. A truly turn-key investment opportunity. (id:27)
Building Features:
- Style: Multiplex
- Building Type: Duplex
- Amenities: Separate Heating Controls, Separate Hydro Meters
- Architectural Style: Raised bungalow
- Basement Development: Finished
- Basement Type: N/A, N/A
- Construction Status: Insulation upgraded
- Exterior Finish: Vinyl siding
- Floor Space: 1500 - 2000 sqft
- Flooring Type: Vinyl
- Foundation Type: Poured Concrete
- Heating Type: Forced air
- Heating Fuel: Natural gas
- Cooling Type: Central air conditioning, Air exchanger
- Appliances: Garage door opener remote, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
Property Features:
- Property Type: Multi-family
- Bedrooms: 2+2
- Bathrooms: 4
- Amenities Nearby: Golf Nearby, Hospital, Marina, Public Transit, Schools
- Features: Lighting, Carpet Free, Guest Suite, Sump Pump
- Floor Space (approx): 1500 - 2000 Square Feet
- Irregular: Yes
- Landscape Features: Landscaped
- Lot Depth: 88.8 Feet
- Lot Frontage: 55.1 Feet
- Lot Size: 55.1 x 88.8 FT
- Structure Type: Deck, Porch
- Surface Water:
- Utility Type: Sewer - Installed, Cable - Installed, Hydro - Installed
- Zoning: R3
- Sewer: Sanitary sewer
- Parking Type: Attached garage, Garage
- No. of Parking Spaces: 6
Rooms:
- Living Lower Level 6.07 m x 3.93 m 19.91 ft x 12.89 ft
- 3rd Bedroom Lower Level 4.72 m x 3.73 m 15.49 ft x 12.24 ft
- Bathroom Lower Level 2.74 m x 1.52 m 8.99 ft x 4.99 ft
- 4th Bedroom Lower Level 3.73 m x 3.22 m 12.24 ft x 10.56 ft
- Bathroom Lower Level 2.74 m x 1.52 m 8.99 ft x 4.99 ft
- Laundry Lower Level 2.23 m x 1.62 m 7.32 ft x 5.31 ft
- Foyer Lower Level 2.15 m x 1.37 m 7.05 ft x 4.49 ft
- Kitchen Lower Level 3.22 m x 2.59 m 10.56 ft x 8.50 ft
- Foyer Main Level 2.36 m x 1.52 m 7.74 ft x 4.99 ft
- Kitchen Main Level 4.03 m x 4.11 m 13.22 ft x 13.48 ft
- Living Main Level 7.54 m x 4.11 m 24.74 ft x 13.48 ft
- Bedroom Main Level 4.95 m x 2.36 m 16.24 ft x 7.74 ft
- Bathroom Main Level 2.74 m x 1.52 m 8.99 ft x 4.99 ft
- 2nd Bedroom Main Level 3.50 m x 3.35 m 11.48 ft x 10.99 ft
- Bathroom Main Level 2.74 m x 1.52 m 8.99 ft x 4.99 ft
- Laundry Main Level 2.84 m x 1.75 m 9.32 ft x 5.74 ft
Convert Measurement to:
Courtesy of: Keller Williams Experience Realty
⚠ Potential Investment Performance
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Market Price Trends
Location of 342 THOMPSON STREET, Meaford, Ontario, N4L 1H6
Demographic Information of 342 THOMPSON STREET, Meaford, Ontario, N4L 1H6
Life Stage
Later YearsEmployment Type
Service SectorAverage Household Income
$94,784.32Average Number of Children
1.79Household Population
Household Structure
Age of Population
Education
Education Level
No certificate/diploma/degree
25.0 %High school certificate or equivalent
34.64 %Apprenticeship trade certificate/diploma
6.12 %College/non-university certificate
21.02 %University certificate (below bachelor)
0.08 %University Degree
13.13 %Commuter
Travel To Work
By Car
92.86 %By Public Transit
0.0 %By Walking
7.14 %By Bicycle
0.0 %By Other Methods
0.0 %Cultural Diversity
Knowledge of Official Language
Mother Tongue
Building Information
Building Type
Apartments (Low and High Rise)
41.08 %Houses
58.92 %