Excellent investment opportunity in Bonfield! This four plex features four residential units, consisting of three 2 bedroom units, and one bachelor unit . Two of the 2 bedroom units are currently tenanted, providing rental income of from day one. The remaining 2 bedroom unit and bachelor unit require completion of renovations, offering an opportunity for investors to add value, complete the improvements, and maximize the property's rental potential. Ideal for investors looking to expand their portfolio and increase future income potential. Explore the possibilities this multi unit property has to offer! Annual expenses are $8543.02. Tenant in Unit 2 pays $1650 / month but carries out snow removalAnd lawn care, water filters and UV , and basic maintenance to the property. Unit 4 pays $1850 per month. Unit 1 & 3 are requiring renovation but could potentially generate even greater cashflow, or live in one unit, and generate rental income from the others to help cover your mortgage and living expenses!
7 bedrooms, 4 bathrooms, about 2,500 sq ft, works out to roughly $150 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 226 Railway St
Every detail from the listing, in one place.
Type
Fourplex
Style
1 1/2 Storey
Living space
2500-3000 sq ftas stated on the listing
Parking
8 spaces
Basement
Unfinished, Separate Entrance
Features & systems
Parking & garage
Parking spaces
8
Interior
Basement
Unfinished · Separate Entrance
Lot & land
Lot size (sqft)
0.47
Listing & possession
Property style
1 1/2 Storey
Property class
Fourplex
226 Railway St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14095578$375,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 226 Railway St Compares to the Bonfield Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,842
/mo
based on the purchase price of $375,000
$75,000 cash
$300,000 financed
$252,679 total interest
Principal54%$300,000
Interest46%$252,679
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 226 Railway St
Homes for sale in Bonfield
Every active Bonfield MLS® listing, updated all day.
Average days on market50Homes sold in about 50 days on average.
Sale-to-list ratio95.3%On average, homes sold below asking.
Active listings23Homes for sale here right now.
Median vs prior 90 days+3.5%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 22 sales from Jul 24 – Oct 22, 2026 (7 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 226 Railway St
How much is 226 Railway St listed for?
226 Railway St is listed at $375,000 (MLS® X14095578). Summitly updates the price as soon as the MLS® record changes.
Is $375,000 a good price for 226 Railway St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Bonfield. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 226 Railway St changed?
No — 226 Railway St is still listed at its original asking price of $375,000.
How many bedrooms and bathrooms does 226 Railway St have?
226 Railway St has 7 bedrooms and 4 bathrooms, with about 2,500–3,000 square feet of living space. It is a fourplex in Bonfield.
How much would the monthly mortgage be on 226 Railway St?
About $1,842 a month — principal and interest on $375,000 with 20% down ($75,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 226 Railway St compare with other homes in Bonfield?
Its asking price of $375,000 is about 9% below the median sold price in Bonfield over the last 90 days, $411,950, across 22 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 226 Railway St been sold before?
Summitly has no earlier MLS® sale or lease of 226 Railway St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 226 Railway St?
226 Railway St is in Bonfield, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 226 Railway St been on the market?
3 days — 226 Railway St was listed on October 19, 2026.
What is the price per square foot of 226 Railway St?
About $125 to $150 per square foot: the asking price of $375,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 226 Railway St have parking or a garage?
Yes — the listing gives 8 parking spaces.
Does 226 Railway St have a basement, and is it finished?
The listing describes the basement as: Unfinished, Separate Entrance.
