March 25, 2024
- 10 min read
342 Thompson Street Meaford, Ontario N4L 1H6
$722,000
4 Bedroom
4 Bathroom
1,500 - 2,000 ft2
Raised Bungalow
Central Air Conditioning, Air Exchanger
Forced Air
Landscaped
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. (id:36109)
Property Details
| MLS® Number | X13168506 |
| Property Type | Multi-family |
| Community Name | Meaford |
| Amenities Near By | Golf Nearby, Hospital, Marina, Public Transit, Schools |
| Features | Lighting, Carpet Free, Guest Suite, Sump Pump, In-law Suite |
| Parking Space Total | 6 |
| Structure | Deck, Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 4 |
| Age | 0 To 5 Years |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Garage Door Opener Remote(s), Water Heater, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (finished), N/a |
| Construction Status | Insulation Upgraded |
| Cooling Type | Central Air Conditioning, Air Exchanger |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Vinyl |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Marina, Public Transit, Schools |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 88 Ft ,9 In |
| Size Frontage | 55 Ft ,1 In |
| Size Irregular | 55.1 X 88.8 Ft |
| Size Total Text | 55.1 X 88.8 Ft |
| Surface Water | Lake/pond |
| Zoning Description | R3 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Living Room | 6.07 m | 3.93 m | 6.07 m x 3.93 m |
| Lower Level | Bedroom 3 | 4.72 m | 3.73 m | 4.72 m x 3.73 m |
| Lower Level | Bathroom | 2.74 m | 1.52 m | 2.74 m x 1.52 m |
| Lower Level | Bedroom 4 | 3.73 m | 3.22 m | 3.73 m x 3.22 m |
| Lower Level | Bathroom | 2.74 m | 1.52 m | 2.74 m x 1.52 m |
| Lower Level | Laundry Room | 2.23 m | 1.62 m | 2.23 m x 1.62 m |
| Lower Level | Foyer | 2.15 m | 1.37 m | 2.15 m x 1.37 m |
| Lower Level | Kitchen | 3.22 m | 2.59 m | 3.22 m x 2.59 m |
| Main Level | Foyer | 2.36 m | 1.52 m | 2.36 m x 1.52 m |
| Main Level | Kitchen | 4.03 m | 4.11 m | 4.03 m x 4.11 m |
| Main Level | Living Room | 7.54 m | 4.11 m | 7.54 m x 4.11 m |
| Main Level | Bedroom | 4.95 m | 2.36 m | 4.95 m x 2.36 m |
| Main Level | Bathroom | 2.74 m | 1.52 m | 2.74 m x 1.52 m |
| Main Level | Bedroom 2 | 3.5 m | 3.35 m | 3.5 m x 3.35 m |
| Main Level | Bathroom | 2.74 m | 1.52 m | 2.74 m x 1.52 m |
| Main Level | Laundry Room | 2.84 m | 1.75 m | 2.84 m x 1.75 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
INQUIRE ABOUT
342 Thompson Street
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
The Lakelands Association of REALTORS®
Keller Williams Experience Realty
May 25 2026 01:32:47
