550-552 Mario Street, Hawkesbury, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised fourplex located in the coveted neighborhood of 612 - Hawkesbury. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $594,900 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 1500-2000 sqft on a premium 79.65 x 83.74 ft lot
- Features a full, separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: None
- Efficient baseboard heating via electric
Description
Excellent investment opportunity! This legal fourplex, built in 2001, offers strong, reliable income with a current gross annual rental income of $45,636. The property features four self-contained units and is fully tenanted, making it an ideal turnkey addition to any investment portfolio. Tenants pay their own gas and hydro, helping to keep operating costs low. The roof was replaced in June 2022, providing added peace of mind for years to come. Situated in a desirable location, this well-maintained income property offers stable cash flow today with additional upside, as all rents are eligible for a legal increase as early as November 1, 2026. There may also be potential to divide the building into two duplexes (similar to neighbouring properties), with buyers encouraged to verify this possibility with the municipality. Whether you're looking to expand your investment portfolio or purchase your first multi-unit property, this legal fourplex presents an outstanding opportunity. 24 hours' notice is required for all showings.
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Property Summary
This fourplex located at 550-552 Mario Street, Hawkesbury is currently for sale and has been available on SousaSells for 2 days. This property is listed at $594,900 with an estimated mortgage of $1,980* per month. It has 8 beds, 4 bathrooms, and is 1500-2000 square feet. 550-552 Mario Street, Hawkesbury is in the 612 - Hawkesbury neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 550-552 Mario Street, Hawkesbury, ON K6A 3V3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hawkesbury, ON
For a property listed at $594,900 in Hawkesbury, the legal minimum down payment is $34,490 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 $8,373 for this transaction. As this listing is in Hawkesbury (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,373.
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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.