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For Sale
Just Listed

117 W Drummond Street W

804 - Merrickville, Merrickville-Wolford, ON
$2,400,000
10Bd
5Ba
5000 +sqft
10Parking
59.23 x 81.87 ftlot
MultiplexMLS# X13458784Listed 2026-06-171 DOM
Heating
On Demand Water Heater
Cooling
Central Air

Just listed! New listings in Merrickville-Wolford often receive offers within the first week.

About this home

Exceptional Multi-Residential Investment Opportunity in the Heart of Merrickville Located in one of Eastern Ontario's most charming communities this purpose-built five-unit apartment building offers investors an outstanding combination of stable income, modern construction, and virtually worry-free ownership. Situated minutes away from Merrickville vibrant downtown core, residents enjoy convenient access to boutique shopping, restaurants, cafés, galleries, and the historic Rideau Canal. Constructed two years ago, this attractive building has been thoughtfully designed with both tenant comfort and long-term ownership in mind. The property consists of five spacious two-bedroom apartments featuring contemporary layouts, quality finishes, and modern conveniences that continue to attract and retain excellent tenants. Each suite offers a bright, open-concept floor plan highlighted by soaring ceilings and generous living spaces that create an airy, welcoming atmosphere. Large windows allow for an abundance of natural light throughout the day, while modern electric fireplaces provide warmth, character. The kitchens are equipped with stainless steel appliances and ample cabinetry, seamlessly flowing into the dining and living spaces. In-suite laundry, spacious bedrooms, well-appointed bathrooms, and efficient floor plans that maximize functionality and comfort. Four of the five apartments feature private balconies, providing valuable outdoor living space. The property includes both indoor and outdoor parking accommodations. The building's low-maintenance design and relatively recent construction mean investors can focus on income generation rather than capital expenditures. All units are currently rented at market rates. The quality of the building, desirable suite layouts, and prime location contribute to strong tenant demand and excellent long-term rental prospects.

Features

  • Auto Garage Door Remote
  • Carpet Free
  • On Demand Water Heater
  • Primary Bedroom - Main Floor
  • Controlled Entry
  • Landscaped
  • None
  • Central Air
  • 3-Storey

Financials

Annual Taxes
$14,286.7

Estimated Rental Income

Entire property$4,500 – $7,000/mo
Rental yield2.3% – 3.5%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Merrickville-Wolford

Days on market1 days
Buyer's MarketSeller's Market

Based on active listings in Merrickville-Wolford. Data updates daily.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$2,400,000
117 W Drummond Street W, Merrickville-Wolford
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