76 Wellington Street, New Tecumseth, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Alliston. Expertly crafted featuring premium brick and concrete block construction, this residence presents an exceptional opportunity offered at $899,900 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 67.03 x 165.22 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Fully renovated legal triplex in the heart of Alliston - a turnkey, separately metered income property built for the hands-off investor. Three self-contained units (two spacious 2-bedrooms and a studio), each finished with a modern kitchen and updated bathroom. With three hydro meters and three gas meters, tenants pay their own hydro and gas, keeping landlord costs and day-to-day management to a minimum. Set on a deep 66 x 165 ft lot with two private driveways and parking for multiple vehicles. The lot's generous depth offers genuine upside - room to add a garden suite or addition for a fourth income stream, subject to municipal approval.Dependable tenancies and steady rental demand in fast-growing New Tecumseth, anchored by the Honda Canada plant and Alliston's expanding employment base. Solid in-place income today with a clear path to add value tomorrow.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 76 Wellington Street, New Tecumseth, ON L9R 1G8
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in New Tecumseth, ON
For a property listed at $899,900 in New Tecumseth, the legal minimum down payment is $64,990 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 $14,473 for this transaction. As this listing is in New Tecumseth (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $14,473.
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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.