338 Fourth Avenue, Black River-Matheson, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey fourplex located in the coveted neighborhood of Matheson. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $199,900 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.
- 8 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 66 x 132 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- Efficient baseboard heating via electric
Description
This vacant fourplex in Matheson offers a great investment opportunity for those looking to renovate and build equity. The building features two 2-bedroom units on the main floor, a spacious 2-bedroom unit on the second level, and an unfinished 2-bedroom unit in the basement. With each unit in a varying state of repair, this property is ready for the necessary updates to reach its full income potential. Being sold "as-is". Come and have a look!
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Pricing & Value Insights
Data-driven valuation for 338 Fourth Avenue, Black River-Matheson, ON P0K 1N0
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About Purchasing a Home in Black River-Matheson, ON
For a property listed at $199,900 in Black River-Matheson, the legal minimum down payment is $9,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,724 for this transaction. As this listing is in Black River-Matheson (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,724.
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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.