150 Main Street, Kearney, ON
Property Highlights
Welcome to this remarkable Bungalow multiplex located in the coveted neighborhood of Kearney. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,049,900 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.
- 9 Bedrooms and 9 Bathrooms with 9 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 418 x 361 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor, Separate Hydro Meter
- Efficient forced air heating via propane
Description
Conditionally Sold with NO Escape clause until February 6, 2026. Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 9-unit one floor apartment complex made up of from two separate buildings. Current owners have sought a more senior clientele, and always a waiting list of eager applicants for the ever so rare turnover. Each self-contained one-bedroom unit contains a separate entrance, foyer, three-piece bath, kitchen, dining area, living room, owned 20-gallon electric hot water tank, forced air propane furnace, and one rental propane tank. Tenants pay for propane and hydro. Owner pays propane tank rental. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $94,817.50, and for the same total expenses for the same period $26,036 (includes management fee of $5,085 paid to one of the Directors). The resulting net income of $68,780. Detached garage 24.3 x 41.9. Garage does not have hydro. the panel in the garage was at one time hooked up to a generator. Total lot area is 1.9 acres. Projected rental income for the month January 1, 2026, is $8,450.70. All offers are to be submitted on a Commercial Agreement of Purchase and Sale #500. Purchase price is plus HST. Call your Realtor to request rent roll, income and expense report, and other informative documents.
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Property Summary
This multiplex located at 150 Main Street, Kearney is currently for sale and has been available on SousaSells for 407 days. This property is listed at $1,049,900 with an estimated mortgage of $3,495* per month. It has 9 beds, 9 bathrooms, and is 5000 + square feet. 150 Main Street, Kearney is in the Kearney neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
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Features
Property Features
Interior Features
Primary Bedroom - Main Floor, Separate Hydro Meter
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 150 Main Street, Kearney, ON P0A 1M0
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 Kearney, ON
For a property listed at $1,049,900 in Kearney, the legal minimum down payment is $209,980 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 $17,473 for this transaction. As this listing is in Kearney (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $17,473.
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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.