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38 River Drive #1,2,3

Georgetown, Halton Hills, Ontario L7G2J2

For sale· Added

6+3 bed4 bath1,500–2,000 sqft

About this home

Exceptional Investment Opportunity in the Heart of Georgetown! This fully legal triplex offers three spacious, self-contained 3-bedroom units, providing an excellent opportunity for investors seeking strong rental income and long-term value. The property generates approximately $84,900 in gross annual rental income, with stable tenants and well-maintained units. Each apartment is separately metered for hydro and gas, with tenants responsible for their own heat, hydro, and hot water tank rental costs. The landlord pays water and sewage for two of the apartments. Each unit features its own kitchen with fridge and stove, along with gas woodstoves for added warmth and comfort. The property has undergone extensive improvements and updates. The roof and siding were replaced in 2025. Unit 1 was renovated in 2023, Unit 2 in 2022, and Unit 3 in 2025. Electrical panels have been upgraded, and the property has been carefully maintained throughout. A major bonus is the detached 26' x 16' garage, built in 2017, offering excellent additional storage or rental potential. The property also includes a large storage shed and well-maintained outdoor space for the enjoyment of tenants. With three self-contained 3-bedroom units, separate utilities, stable rental income, significant recent renovations, and additional garage and storage space, this property offers a strong combination of income, functionality, and future potential in a desirable Georgetown location. Property is not selling for 1$

Location

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Property details

Listing

MLS® number
W13845442
Added
Sep 30, 2026 ()
Updated
Sep 30, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Building type
Triplex
Storeys
2

Inside

Bedrooms
6+3
Bathrooms
4
Heating
Natural gas, Other
Fireplace
Yes (3)
Appliances
Refrigerator, Water meter, Window Coverings
Features
Carpet Free

Building

Basement
Finished, Apartment in basement
Exterior
Brick, Aluminum siding
Foundation
Concrete
Parking
Detached Garage, Garage · 9 spaces

Land

Lot size
66 x 132 ft

Services

Water
Municipal water
Sewer
Sanitary sewer
Utilities
Sewer, Electricity

Location

Cross streets
Mountainvew Rd @ River Dr
Directions
river drive second building on the right after mountain view.

Running costs

Annual property tax
$4,305

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