128 Ninth Avenue
128 Ninth Avenue
$1,099,000
171 days on market
About This Listing
Welcome to this well-maintained, fully tenanted purpose-built 4-plex offering a solid investment opportunity in a highly convenient location close to transit, schools, parks, shopping, and everyday amenities. This property features a desirable unit mix of THREE spacious 2-bedroom apartments and ONE generous 3-bedroom unit, appealing to a wide range of tenants. Each unit is thoughtfully laid out and includes a 4 pc bathroom, full kitchen, living room, a balcony providing valuable outdoor space, along with a large dedicated locker located in the basement for added storage. Tenants enjoy the convenience of an onsite laundry room equipped with token-operated washer and dryer, generating additional income for the owner. Operational efficiency is enhanced with each unit having its own hot water tank rental, allowing for simplified utility management. The building also offers additional basement storage space reserved for landlord use, ideal for maintenance supplies or equipment. A rear parking lot provides ample parking for up to 8 vehicles, a significant asset for tenant retention and overall appeal. The property has been well cared for, reflecting pride of ownership and minimizing immediate capital expenditures for the next owner. Ideally situated in an established neighbourhood, this turnkey investment presents stable cash flow and a compelling opportunity for investors seeking a low-maintenance, income-producing property. Updates include; Roof Shingles (2022), Flooring in upstairs units 2019, Flooring in Main floor units 2023.
| Monthly Mortgage (P&I) | $4,788 |
| Property Tax (MLS) | $522 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $5,311 |
Down payment: $219,800 (20.0%) · Mortgage: $879,200
Property tax uses MLS annual tax of $6,269/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by EXIT REALTY HARE (PEEL)
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Data last updated: August 22, 2026 at 10:26 p.m.