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342 Thompson ST Meaford, ON N4L 1H6
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Key Details
Sold Price -
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Meaford
MLS Listing ID X13168506
Sold Date -
Style Bungalow-Raised
Bedrooms 4
Annual Tax Amount $4,803
Tax Year 2025
Property Sub-Type Duplex
Property Description
Purpose-built income properties like this rarely come to market in Meaford. Completed in 2023, this premium duplex is the definition of turn-key investing: modern construction, strong in-place income, low operating overhead, and zero deferred maintenance. Generating north of $50,000 in gross annual income, the property is fully leased with the upper unit renting for $2,300/month and the lower unit renting for $1,900/month. Tenants pay all utilities including separately metered hydro and water, creating an efficient, landlord-friendly investment with predictable cash flow and minimal ongoing expenses. Offering more than 3,000 sq.ft. of rentable living space, both units feature highly desirable layouts with 2 bedrooms, 2 bathrooms, open-concept living areas, modern kitchens, spacious primary bedrooms with ensuites, in-suite laundry, private entrances, and attached private garages; features specifically designed to attract and retain high-quality tenants. 342 Thompson Street is the type of asset investors are actively searching for: newer construction, excellent tenant profile, strong rental demand, and located in one of Ontario's fastest-growing lifestyle markets. Meaford continues to experience significant growth driven by its proximity to Thornbury, Collingwood, Blue Mountain, Georgian Bay, and the region's expanding healthcare, tourism, and professional sectors. Whether you're adding to an established portfolio or securing a long-term appreciation play, 342 Thompson Street checks every box. Strong income. Strong tenant profile. Strong market. A truly turn-key investment opportunity.
Location
Province ON
County Grey County
Area Grey County
Zoning R3
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Air Exchanger, Auto Garage Door Remote, Accessory Apartment, Carpet Free, Floor Drain, Guest Accommodations, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned, Storage
Cooling Central Air
Exterior
Exterior Feature Deck, Landscaped, Lighting, Porch
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 55.12
Lot Depth 88.83
Total Parking Spaces 6
Building
Building Age 0-5
Foundation Poured Concrete
Others
Senior Community Yes
ParcelsYN No
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