50 RIFE AVENUE
Cornerstone · N3C2G7
$1,049,000
About this residence
ATTENTION INVESTORS AND THOSE LOOKING FOR A MULTI-GENERATIONAL HOME. THIS WELL MAINTAINED TRIPLEX WITH AN ADDITIONAL ACCESSORY LOFT APARTMENT IS CONVENIENTLY LOCATED IN BEAUTIFUL OLD HESPELER IN A QUIET AREA CLOSE TO SHOPPING, PUBLIC TRANSPORTATION, PARKS AND WALKING TRAILS. ALWAYS FULLY RENTED WITH GREAT TENANTS, THIS PROPERTY HAS HAD MANY UPDATES OVER THE YEARS INCLUDING, PLUMBING, ELECTRICAL, WINDOWS, FURNACE AND ROOF AND EACH UNIT HAS THEIR OWN HYDRO METER. A NEWLEY CREATED COIN OPPERATED LAUNDRY ROOM HAS JUST BEEN COMPLETED FOR EVEN MORE POTENTIAL INCOME AND 3 OF THE 4 UNITS HAVE RECENTLY BEEN COMPLETELY RENOVATED. WHETHER YOU WANT TO ADD TO YOUR RENTAL PORTFOLIO OR NEED A LARGE HOME FOR YOUR MULTI-GENERATIONAL FAMILY, THIS PROPERTY WILL CHECK ALL THE BOXES!LAUNDRY ROOM JUST INSTALLED FOR EXTRA INCOME! DON'T DELAY CHECKING OUT THIS GREAT PROPERTY TODAY! FINANCING OPTIONS AVAILABLE. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Triplex
- Ownership
- Freehold
- Bedrooms
- 5
- Bathrooms
- 4
- Storeys
- 2
- Living area
- 3,000 sq ft
- Frontage
- 60 feet
- Parking
- 5 spaces
- Annual tax
- $5,272
- MLS®
- 40827084
- Board
- Cornerstone
- Status
- Active
- Listed
- May 7, 2026
- Updated
- Jun 2, 2026
Features & finishes
Heating
- Forced air
- Natural gas
Basement
- Full
- Finished
Exterior
- Brick
Foundation
- Block
Lot
- Crushed stone driveway
- Laundry- Coin operated
Sewer & Utilities
- Municipal sewage system
Community
- Quiet Area
- Community Centre
Financing
Estimated monthly payment
$4,906/mo
Loan amount
$839,200
Down payment
$209,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · N3C- 27,518
- Population
- 39
- Median age
- $114,000
- Median income
- $700,000
- Median home value
- 84%
- Home ownership
- 26 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 50 RIFE AVENUE?
50 RIFE AVENUE is listed for $1,049,000, in Cornerstone.
How many bedrooms and bathrooms does 50 RIFE AVENUE have?
It offers 5 bedrooms and 4 bathrooms.
What type of home is 50 RIFE AVENUE?
50 RIFE AVENUE is a Multi-family, Triplex set over 2 storeys.
How large is 50 RIFE AVENUE?
The home offers approximately 3,000 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $4,906. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $5,272 per year.
Is there parking?
Yes — 50 RIFE AVENUE includes 5 parking spaces.
What is the Cornerstone area like?
Cornerstone has a population of about 27,518, a median age of 39, a 84% home-ownership rate, with an average commute of about 26 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $700,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $114,000.
Similar residences
Comparable Triplex near Cornerstone at a similar price.
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