342 Thompson Street, Meaford, ON

$722,000
MLS#:X13168506
4 beds
4 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] duplex located in the coveted neighborhood of Meaford. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $722,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 55.12 x 88.83 ft lot
  • Features a ["finished", "separate entrance"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Air Exchanger, Auto Garage Door Remote, Accessory Apartment
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

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.

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Key Features

Bedrooms
4
Bathrooms
4
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date5/25/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionVinyl Siding
Lot Size55.12 × 88.83 Feet
CountyGrey County
Annual Tax$4,803
Legal DescriptionPLAN 309 PT LOT 1329 RP 16R11393 PART 1

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Golf, Hospital, Lake/Pond, Marina, Public Transit, School

Community Features

Location

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342 Thompson Street, Meaford, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Meaford, Meaford.

Verified Local Data
Population6,202,225
Median Age39.6 Yrs
Ownership65% Owners
Avg Area List Price$886,125

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Georgian Bay
Public197799 Grey Road 7, Meaford, Ontario, N4L 1W7
3.3

Secondary Schools

Georgian Bay
Public197799 Grey Road 7, Meaford, Ontario, N4L 1W7
6.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 342 Thompson Street, Meaford, ON N4L 1H6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$577,600
Monthly Mortgage$3,356
Property Tax (Est.)$400
Utilities & Maint.$350
Total Monthly Cost$4,106

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Meaford.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.