For Sale

1196 Rainbow Street, Beacon Hill North - South and Area, Ontario K1J 6X9

$2,950,000

1196 Rainbow Street, Beacon Hill North - South and Area, Ontario K1J 6X9 is For Sale and has a listing price of 2,950,000. The property is located in the Beacon Hill North - South and Area . It's been on the website for 40 Days.

  • Triplex
    Property Type
  • 9
    Bedrooms
  • 5
    Bathrooms
  • MLS ID: X12325228
  • Office Name RIGHT AT HOME REALTY
Property Description

This unique legal Triplex, currently being used by one family, sits on a large 200′ x 120′ corner lot in a sought-after light industrial zone “IL2 H(14)”. The property offers incredible potential with approximately 1,500 sq. ft. of newly constructed covered storage areas, ideal for various commercial and residential uses. Inside, the well-maintained units feature 10 versatile rooms, each offering the possibility for conversion into separate office spaces or other functional layouts to suit your needs. The expansive yard, measuring 100′ x 120′, is perfect for a range of operations, including warehousing, manufacturing, light assembly, research and development, offices, and select retail ventures. Benefit from unbeatable accessibility with quick access to Highway 417 via the Montreal Road exit and local transit just steps away. Ideally situated at the corner of Canotek Road and Rainbow Street, this property is surrounded by a variety of amenities and businesses, making it an excellent location for both residential and commercial uses. This is a rare opportunity to invest in a property that combines space, flexibility, and unmatched location. Don’t miss out!

Property Details
  • Property Type: All Houses
  • Listing Type: For Sale
  • Listing ID: X12325228
  • Price: $2,950,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 120
  • Ref ID: X12325228
  • Approx Sqft: 3000-3500
  • Dir / Cross St: Canotek Road
  • Status: Active
  • Tax Year: 2024
  • Property Type: Triplex
  • Property Sub Category: Triplex
Price History
List Date MLS ID List Price Status End Date Closed Price
08/05/2025 X12325484 $2,950,000 For Sale - -
08/05/2025 X12325228 $2,950,000 For Sale - -
02/03/2025 X11951901 $3,099,000 For Sale - -
02/02/2025 X11951780 $3,099,000 Cancelled 08/05/2025 -
08/04/2024 X9516579 $3,399,999 Expired -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Beacon Hill North - South and Area
  • $757,707 Average List Price
    based on 1 year
  • 36 New Listings
    based on 30 days
  • 52 Median Days on Market
    based on 1 year
  • List vs. Selling Price 47.96 % Up
  • Sold (12mo) 127
  • Rented (12mo) 31

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style 3-storey
  • Washroom Type1: 5
  • Garage Type Attached
  • Parking Spaces: 6
  • Exterior Brick, Vinyl Siding
  • Kitchen 3
  • Family Room: 1
  • Washrooms Type 1 # Pcs: 3
  • Taxes: $7,870
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 05/08/2025 18:23:36
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