Welcome to this beautifully updated legal duplex in the charming village of Elmvale - NEW Ductless A/C just installed! An incredible opportunity for investors, multi-generational families, or buyers looking to offset mortgage costs with rental income.Thoughtfully renovated throughout, this property offers two spacious and unique living spaces, each designed for comfort, functionality, and modern living.The extensively renovated upper unit features a bright and airy open-concept layout with elevated ceilings and a stunning loft overlook from the finished attic space. Currently used as a home office, the attic offers the potential for an additional bedroom or creative retreat. The large vaulted-ceiling primary bedroom includes a private walkout deck to enjoy your morning coffee or read a book! The spa-inspired 4-piece bathroom, spacious IKEA kitchen, walk-in closet with laundry, smart lighting, updated electrical panel, and complete rewiring make this an ideal space for a professional couple seeking style and comfortThe lower unit offers exceptional flexibility with 2 bedrooms plus the possibility of a third bedroom or office space. Featuring 2 recently renovated bathrooms, elevated ceilings, a spacious living room, renovated kitchen, dining area, rear mudroom with laundry, and a large entertainment deck, this unit is perfectly suited for families or extended family living.Outside, both units enjoy a simple landscaped fenced yard complete with two storage outbuildings and a charming flagstone firepit area perfect for evening bonfires and entertaining.Major updates include:New furnace New hot water tank New roof New eavestroughs Updated electrical panels (100 amp upper / 200 amp lower) Two hydro meters and one water meterLocated within walking distance to Elmvale's shops, restaurants, schools, and everyday amenities, this property also offers excellent commuting convenience.
3 bedrooms, 3 bathrooms, about 2,500 sq ft, works out to roughly $270 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.
Inside 87 Queen St W
Every detail from the listing, in one place.
Type
Duplex
Style
2 1/2 Storey
Living space
2500-3000 sq ftas stated on the listing
Parking
4 spaces
Basement
Crawl Space
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Duplex
87 Queen St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S14114254$675,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 87 Queen St W Compares to the Springwater 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
$3,316
/mo
based on the purchase price of $675,000
$135,000 cash
$540,000 financed
$454,822 total interest
Principal54%$540,000
Interest46%$454,822
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
Own a home on Queen Street West? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 87 Queen St W with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 87 Queen St W day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 87 Queen St W
Homes for sale in Springwater
Every active Springwater MLS® listing, updated all day.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings235Homes for sale here right now.
Median vs prior 90 days+2.3%Compared with Apr 28 – Jul 27, 2026: prices up.
Based on 128 sales from Jul 27 – Oct 25, 2026 (78 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 87 Queen St W
How much is 87 Queen St W listed for?
87 Queen St W is listed at $675,000 (MLS® S14114254). Summitly updates the price as soon as the MLS® record changes.
Is $675,000 a good price for 87 Queen St W?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Springwater. 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 87 Queen St W changed?
No — 87 Queen St W is still listed at its original asking price of $675,000.
How many bedrooms and bathrooms does 87 Queen St W have?
87 Queen St W has 3 bedrooms and 3 bathrooms, with about 2,500–3,000 square feet of living space. It is a duplex in Springwater.
How much would the monthly mortgage be on 87 Queen St W?
About $3,316 a month — principal and interest on $675,000 with 20% down ($135,000), 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 87 Queen St W compare with other homes in Springwater?
Its asking price of $675,000 is about 24% below the median sold price in Springwater over the last 90 days, $889,950, across 128 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 87 Queen St W been sold before?
Summitly has no earlier MLS® sale or lease of 87 Queen St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 87 Queen St W?
87 Queen St W is in Springwater, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 87 Queen St W been on the market?
1 day — 87 Queen St W was listed on October 24, 2026.
What is the price per square foot of 87 Queen St W?
About $225 to $270 per square foot: the asking price of $675,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 87 Queen St W have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 87 Queen St W have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
