420 Fifth Avenue, Black River-Matheson, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Matheson. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $579,900 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 65 x 131 ft lot size
- equipped with no central cooling and highly efficient gas forced air open heating
Description
Investors Alert! Multiplex with 6 units, with good rental income. Situated in the downtown core of Matheson. Roof redone August 2025 with EPDM membrane (synthetic rubber membrane). 2 Furnaces in 2023 - one replaced and the other refurbished. Property has been regularly maintained and renovated over the duration of Seller's possession. Tenants have off street parking. Unfinished basement with separate entrance. It is a solid building with much potential.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 420 Fifth 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 $579,900 in Black River-Matheson, the legal minimum down payment is $32,990 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 $8,073 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 $8,073.
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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.