342 Thompson Street Meaford, Ontario N4L 1H6

$722,000

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:42776)

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 Sqft
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

https://www.realtor.ca/real-estate/29798705/342-thompson-street-meaford-meaford