Residentiae.
For Sale · OnePoint

198 WATER STREET S

OnePoint

$685,000

4Bedrooms
2Bathrooms
6Parking
1,500Sq Ft
1Storeys

About this residence

Located along the scenic Thames River and picturesque river walkway, 198 Water Street South is a fully renovated duplex offering a wealth of opportunity. Situated on an expansive 100 ft x 200 ft lot, this property features two self-contained 2-bedroom, 1-bathroom units, each with separate hydro, water, kitchen, and laundry hookups. Extensive renovations were completed throughout, including all-new electrical wiring, upgraded breaker panels, and interconnected smoke/CO detectors. The plumbing has been replaced from the new meters throughout both units along with all new drywall with proper fire separation and rated assemblies. Additional improvements include new windows, new steel entry doors, fresh trim and flooring, new kitchens, tiled showers, bathroom fixtures, doors, hardware, shelving and upgraded insulation. Exterior improvements include a new rear deck, siding, and gravel driveway. The property also boasts a unique dual-purpose garage, half enclosed, half open, and a charming two-story stone barn/garage accessed from the rear laneway. Just a short walk to downtown shops, restaurants, and amenities, this turnkey investment is ideal for those seeking a low-maintenance income property or a multigenerational living option in a prime location. Click on the virtual tour link, view the floor plans, photos and YouTube link and then call your REALTOR to schedule your private viewing of this great property! (id:61366)

Property details

Property type
Multi-family
Style
Duplex
Bedrooms
4 (4 above)
Bathrooms
2
Storeys
1
Living area
1,500–2,000 sq ft
Lot size
99.5 x 199.5 FT
Frontage
99.6 feet
Parking
6 spaces
Annual tax
$3,714
MLS®
X12391525
Board
OnePoint
Status
Inactive
Listed
Sep 9, 2025
Updated
Nov 25, 2025

Room dimensions

RoomLevelDimensions
BedroomSecond level4.11 × 2.37 m
KitchenSecond level3.03 × 2.99 m
Living roomSecond level4.12 × 3.13 m
BathroomMain level3.12 × 2.53 m
BedroomMain level3.12 × 4.3 m
BedroomMain level4.03 × 2.56 m
KitchenMain level2.71 × 4.1 m
Living roomMain level5.35 × 4.2 m
Laundry roomMain level2.36 × 2.32 m
Dining roomMain level1.93 × 4.1 m
BathroomSecond level2.25 × 1.59 m
BedroomSecond level3.03 × 2.54 m

Features & finishes

Appliances

  • Water Heater

Heating

  • Forced air
  • Natural gas

Cooling

  • Central air conditioning

Basement

  • Partial
  • Unfinished

Exterior

  • Vinyl siding

Foundation

  • Stone

Parking

  • Garage
  • Detached Garage

Sewer & Utilities

  • Sanitary sewer
  • Cable
  • Electricity
  • Sewer

Financing

Mortgage calculator

Estimated monthly payment

$3,204/mo

Amortization

Loan amount

$548,000

Down payment

$137,000

Estimate only. Rates and terms vary by lender and qualification.

Powered by Lenderoo.ca

Location & area

OnePoint

Good to know

Frequently asked questions

What is the asking price for 198 WATER STREET S?

198 WATER STREET S is listed for $685,000, in OnePoint.

How many bedrooms and bathrooms does 198 WATER STREET S have?

It offers 4 bedrooms and 2 bathrooms.

What type of home is 198 WATER STREET S?

198 WATER STREET S is a Multi-family, Duplex set over 1 storey.

How large is 198 WATER STREET S?

The home offers approximately 1,500–2,000 sq ft of living space on a lot measuring 99.5 x 199.5 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 $3,204. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $3,714 per year.

Is there parking?

Yes — 198 WATER STREET S includes 6 parking spaces.

Private viewings

Arrange a private viewing of 198 WATER STREET S.

Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.

Explore more homes