38 River Drive 1
Georgetown, Halton Hills, L7G 2J2
$1
- 6+3 bedrooms
- 4 bathrooms
- 9 parking
- 1500-2000 sq ft
Listed 19 days ago · MLS® W13845442
About this home
Exceptional Investment Opportunity in the Heart of Georgetown! This fully legal triplex offers three spacious, self-contained 3-bedroom units, providing an excellent opportunity for investors seeking strong rental income and long-term value. The property generates approximately $84,900 in gross annual rental income, with stable tenants and well-maintained units. Each apartment is separately metered for hydro and gas, with tenants responsible for their own heat, hydro, and hot water tank rental costs. The landlord pays water and sewage for two of the apartments. Each unit features its own kitchen with fridge and stove, along with gas woodstoves for added warmth and comfort. The property has undergone extensive improvements and updates. The roof and siding were replaced in 2025. Unit 1 was renovated in 2023, Unit 2 in 2022, and Unit 3 in 2025. Electrical panels have been upgraded, and the property has been carefully maintained throughout. A major bonus is the detached 26' x 16' garage, built in 2017, offering excellent additional storage or rental potential. The property also includes a large storage shed and well-maintained outdoor space for the enjoyment of tenants. With three self-contained 3-bedroom units, separate utilities, stable rental income, significant recent renovations, and additional garage and storage space, this property offers a strong combination of income, functionality, and future potential in a desirable Georgetown location. Property is not selling for 1$
Details
- Type
- Triplex
- Style
- 2-Storey
- Size
- 1500-2000 sq ft
- Lot
- 66 × 132 ft
- Basement
- Apartment, Finished
- Garage
- Detached
- Kitchens
- 3
- Property tax
- $4,305 (2026)
- Neighbourhood
- Georgetown
- Municipality
- Halton Hills
Interior
- Bedrooms
- 6 above ground + 3 below
- Bathrooms
- 2 × 3-piece (main), 1 × 3-piece (second), 1 × 3-piece (basement)
- Kitchens
- 3 (1 below ground)
- Rooms
- 10 above ground + 5 below
- Family room or den
- No
- Fireplace
- No
- Features
- Carpet Free, Water Meter
Heating, cooling and services
- Heating
- Gas
- Water and sewer
- Sewer
Building and exterior
- Style
- 2-Storey
- Exterior
- Brick, Aluminum Siding
- Roof
- Shingles
- Foundation
- Concrete
- Faces
- North
Parking
- Garage spaces
- 8
- Total parking
- 9
- Driveway and parking
- Private
Lot
- Size
- 66 × 132 ft
More
- Possession
- Flex
- Cross street
- Mountainvew Rd @ River Dr
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Car-dependent
- 🚆 Mount Pleasant GO7.6 km
Within a 10-minute walk: no grocery stores, 3 cafés and restaurants, 1 park. Nearest park: Dominion Gardens Park (800 m).
Schools nearby
Elementary
- Holy Cross Catholic Elementary School Catholic
EQAO: Gr 6 reading 80%, math 54%1.3 km - Harrison Public School
EQAO: Gr 3 reading 83%, math 68%1.5 km - Glen Williams Public School
EQAO: Gr 3 reading 73%, math 64%1.6 km - Joseph Gibbons Public School
EQAO: Gr 3 reading 95%, math 68%2.0 km
Secondary
- Christ the King Catholic Secondary School Catholic
EQAO: Gr 9 math 58%, literacy test 84%14 min walk - Gary Allan High School - Halton Hills16 min walk
- Georgetown District High School
EQAO: Gr 9 math 72%, literacy test 85%17 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area L7G
- Owners / renters
- 86% / 14%
- Median household income
- $132,000
- Average age
- 41
- Children under 15
- 17%
- Homes
- 71% detached, 4% high-rise
- Commute by transit
- 1%
- Population
- 48,051
Languages spoken most at home besides English: Punjabi (Panjabi) 0.9%, Polish 0.8%, Croatian 0.5%, Spanish 0.5%.
Flood and conservation No mapped hazard
Not inside a mapped flood plain or regulated area.
Screening maps only. Ask the conservation authority for a property inquiry before relying on this.
Safety
Crime Severity Index for Halton Region (Oakville/Burlington) police: 31 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
To Union Station (downtown Toronto): 43 km. Transit times · Driving times
Noise 1 source nearby
- 🚆 Rail line (GO Transit)300 m
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by HOME AND BUSINESS REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.