53-55 Wellington Street

About this home

Fully tenanted legal non-conforming triplex in Acton offering 3 self-contained units on a prominent 9,020 sq ft corner lot with LDR1-1 zoning. Current rental income is $2,397/month for Unit 1, $2,397/month for Unit 2, and $2,300/month for Unit 3, for a total gross monthly income of $7,094 and annual gross income of $85,128. All tenants are month-to-month and pay their own utilities, creating a clean income structure for investors. The property is fully occupied and already functioning as a stable income-producing asset from day one, making it an attractive option for buyers seeking immediate revenue without first repositioning or stabilizing the asset. The three-unit configuration also provides a more balanced risk profile than a single-family rental, with income spread across multiple units rather than relying on a single tenant. Positioned on a corner lot, the property benefits from stronger curb presence, easier access, and a more open overall feel than many comparable properties, adding to both tenant appeal and long-term real estate value. Acton continues to draw attention from buyers and renters seeking a more affordable alternative to surrounding markets while still offering practical access to daily amenities, recreation, and GO service. This is the type of location that appeals to tenants looking for value, functionality, and a quieter lifestyle without giving up convenience. Notable updates include a roof approximately 4 years old and a driveway approximately 3 to 4 years old, helping support the property's usability and overall appeal. For investors, the opportunity here is not based on speculation or heavy repositioning, but on acquiring a fully operating multi-unit property with consistent in-place income and gradual upside over time as units turn over naturally and rents are reviewed against market conditions. An excellent opportunity for investors seeking stable cash flow, multiple income streams, and long-term upside in a practical commuter market.

Details

Type

Triplex

Style

2-Storey

Age

100+ years

Size

3500-5000 sq ft

Lot

108.01 × 76.66 ft

Basement

Partial Basement, Unfinished

Garage

Attached

Kitchens

3

Property tax

$4,978 (2025)

Neighbourhood

1045 - AC Acton

Municipality

Halton Hills

Interior

Bedrooms

9 above ground

Bathrooms

1 × 2-piece (main), 1 × 4-piece (second), 1 × 4-piece (second), 1 × 4-piece (second)

Rooms

18 above ground

Family room or den

No

Fireplace

No

Heating, cooling and services

Heating

Forced Air, Gas

Water and sewer

Sewer

Building and exterior

Style

2-Storey

Exterior

Brick, Vinyl Siding

Roof

Asphalt Shingle

Foundation

Concrete

Age

100+

Faces

East

Parking

Garage spaces

1

Total parking

7

Driveway and parking

Private

Lot

Size

108.01 × 76.66 ft

More

Possession

Flexible

Nearby

Fenced Yard, Golf, Level, Library, Place Of Worship, Rec./Commun.Centre

Cross street

Queen/Wellington

Rooms