41 MILL STREET
Central Lakes · K0K2C0
$529,900
About this residence
ATTENTION INVESTORS - TRIPLEX WITH CITY-APPROVED 4TH UNIT IN DOWNTOWN FRANKFORD! Incredible opportunity to own a well-maintained, fully tenanted triplex in the heart of downtown Frankford with approval already in place from the city permitting the addition of a 4th unit - a major value-add opportunity for investors looking to significantly increase cash flow and property value. This pride-of-ownership property features a clean 2-bedroom upper unit, spacious 2-bedroom main floor unit, and a cozy 1-bedroom rear unit, all well maintained with excellent hassle-free tenants. Separately metered for hydro and water, the property offers efficient expense management and strong income potential. Detached garage provides additional storage space, while the unbeatable walkable location places tenants just minutes from Foodland, pharmacies, cafes, restaurants, the LCBO, and everyday amenities. Whether you're an investor looking for a turnkey income property with upside potential or a buyer wanting to live in one unit while the others help pay your mortgage, this is a rare opportunity in a growing community. Financials available. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Triplex
- Bedrooms
- 5 (5 above)
- Bathrooms
- 3
- Storeys
- 2
- Living area
- 1,500–2,000 sq ft
- Lot size
- 70.6 x 136.1 FT
- Frontage
- 70.7 feet
- Parking
- 5 spaces
- Annual tax
- $3,205
- MLS®
- X13128730
- Board
- Central Lakes
- Status
- Active
- Listed
- May 14, 2026
- Updated
- Jun 3, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Second level | 2.47 × 5.17 m |
| Bedroom | Ground level | 1.64 × 2.53 m |
| Kitchen | Second level | 3.05 × 3.19 m |
| Primary Bedroom | Second level | 3.74 × 3.66 m |
| Bedroom 2 | Second level | 3.74 × 2.96 m |
| Kitchen | Main level | 5.86 × 4.68 m |
| Living room | Main level | 3.6 × 4.07 m |
| Primary Bedroom | Main level | 3.6 × 2.68 m |
| Bedroom 2 | Main level | 3.74 × 2.29 m |
| Living room | Ground level | 3.29 × 3.11 m |
| Kitchen | Ground level | 2.5 × 3.63 m |
Features & finishes
Appliances
- Refrigerator
- Stove
- Water Heater
Heating
- Radiant heat
- Natural gas
Basement
- Unfinished
Exterior
- Brick
Foundation
- Stone
Parking
- Garage
- Detached Garage
Lot
- In-Law Suite
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$2,478/mo
Loan amount
$423,920
Down payment
$105,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K0K- 115,850
- Population
- 51
- Median age
- $83,000
- Median income
- $500,000
- Median home value
- 86%
- Home ownership
- 29 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 41 MILL STREET?
41 MILL STREET is listed for $529,900, in Central Lakes.
How many bedrooms and bathrooms does 41 MILL STREET have?
It offers 5 bedrooms and 3 bathrooms.
What type of home is 41 MILL STREET?
41 MILL STREET is a Multi-family, Triplex set over 2 storeys.
How large is 41 MILL STREET?
The home offers approximately 1,500–2,000 sq ft of living space on a lot measuring 70.6 x 136.1 FT.
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 $2,478. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $3,205 per year.
Is there parking?
Yes — 41 MILL STREET includes 5 parking spaces.
What is the Central Lakes area like?
Central Lakes has a population of about 115,850, a median age of 51, a 86% home-ownership rate, with an average commute of about 29 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $83,000.
Similar residences
Comparable Triplex near Central Lakes at a similar price.
Private viewings
Arrange a private viewing of 41 MILL STREET.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.