North Stormont, ON · · MLS® X13803610Updated
$1,589,000Est. $7,806/mo mortgage
38-40 Queen St is a 9-bedroom, 9-bathroom fourplex in North Stormont, listed for $1,589,000. It has 5000 + sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
A RARE 9-Unit investment opportunity! Offering flexibility, strong income potential and a unique multi-residential setup, this well-maintained property is one you'll want to take a closer look at. Currently designed with senior living and accessibility in mind, Spread across two separate buildings, 38 Queen Street features 3 units while 40 Queen Street offers 6 units. Each unit is equipped with five appliances, in-floor radiant heating and wall-unit air conditioning for year-round comfort. The thoughtful layouts and accessible design make the property well suited for senior living while offering versatility for a broader rental market. Whether you're expanding your portfolio, exploring senior housing or looking for a distinctive multi-unit apartment investment, opportunities like this are hard to find!
9 bedrooms, 9 bathrooms, about 5,000 sq ft, works out to roughly $318 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
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Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
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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.
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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Listing brokerage: EXIT REALTY MATRIX, BrokerageMLS® X13803610 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Homes for sale in North Stormont
Every active North Stormont MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 37 sales from Aug 8 – Nov 6, 2026 (28 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
38-40 Queen St is listed at $1,589,000 (MLS® X13803610). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in North Stormont. 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
No — 38-40 Queen St is still listed at its original asking price of $1,589,000.
38-40 Queen St has 9 bedrooms and 9 bathrooms, with about 5,000 square feet of living space. It is a fourplex in North Stormont.
About $7,806 a month — principal and interest on $1,589,000 with 20% down ($317,800), 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.
Its asking price of $1,589,000 is about 245% above the median sold price in North Stormont over the last 90 days, $460,000, across 37 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.
Summitly has no earlier MLS® sale or lease of 38-40 Queen St on record from the last two years. Older records aren't shown under TRREB rules.
38-40 Queen St is in North Stormont, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
49 days — 38-40 Queen St was listed on September 18, 2026.
About $318 per square foot: the asking price of $1,589,000 over the 5,000 sq ft the listing gives.
Yes — the listing gives 6 parking spaces.
The listing says 38-40 Queen St has no basement.
