Property Description
Attention investors and first-time buyers — turnkey investment opportunity. This new luxury 3+1 bedroom townhome with a LEGAL 1-bedroom walk-out basement apartment is not only beautifully designed but also built with income in mind. The upper unit could easily be converted to a 4-bedroom layout for added rental flexibility and value. With potential for $1,000+ monthly cash flow when fully rented and projected 10%+ cash-on-cash returns, this brand-new build eliminates concerns about major repairs and offers the rare chance to own a high-quality, income-generating property from day one.
Built by WrightHaven Homes, this duplex-style townhome delivers approximately 2,300 sq. ft. of finished living space across two fully independent units, each with separate entrances, laundry, and mechanical systems — ideal for tenants or multi-generational living.
The upper residence features an open-concept layout with wide-plank luxury vinyl flooring, large windows, and a neutral design palette. The kitchen includes granite countertops, soft-close cabinetry, stainless steel appliances, and a breakfast bar. A formal dining area opens to a private balcony, while the living room leads to a second rear balcony overlooking the trail system. Upstairs are three bedrooms, including a primary suite with a walk-in closet and ensuite, plus a full main bathroom and convenient in-suite laundry. As noted, this level can be easily reconfigured to a four-bedroom layout if desired.
The self-contained legal basement apartment offers a spacious one-bedroom layout with its own private entrance, granite countertops, stainless steel appliances, a three-piece bathroom, in-suite laundry, and a walk-out to a ground-level patio — making it highly attractive to quality tenants.
Additional features include energy-efficient construction, separate mechanical rooms, a private garage, and two balconies. Low monthly fees cover lawn care and snow removal, keeping ownership simple and hassle-free. The builder is also offering one year of free maintenance fees for added peace of mind.
Backing onto a scenic trail system with direct access to walking paths, this home is located in Palmerston’s most desirable community, offering a welcoming small-town atmosphere while maintaining strong rental demand driven by major local employers such as TG Minto and the local hospital. With easy access to Listowel, Fergus, Guelph, and Kitchener-Waterloo — and significantly better value than nearby urban markets — this property represents a compelling blend of lifestyle, rental income, and long-term growth potential.
About The Neighbourhood
The Lifestyle
Investment Potential
Kid & Pet-Friendly
Peaceful
Rural
Small-Town Charm with Strong Community Spirit
With a population of around 2,989, Palmerston offers a true small-town feel, where neighbours greet each other by name and community pride runs deep. The town is growing rapidly, with a 14% population increase over the last 5 years, as more people discover its affordable real estate and welcoming atmosphere. Local initiatives like All Aboard Palmerston work to revitalize downtown and support local businesses, while community events and seasonal festivals bring residents together year-round.
Family-Friendly Living
Palmerston is ideal for families, thanks to its excellent schools, safe streets, and plenty of recreation. The Palmerston & District Community Centre is a hub for hockey, curling, and local events, while parks, playgrounds, and trails encourage outdoor fun for all ages.
Convenient Location for Commuters
Palmerston offers a quieter lifestyle while still being close to larger cities. Located just:
- 12 minutes from Listowel
- 8 minutes from Harriston
- 29 minutes from Fergus & Elora
- 45 minutes from Guelph
- 49 minutes from Kitchener-Waterloo
This makes Palmerston an affordable choice for commuters working in these larger centres.
Strong Employment & Local Economy
Palmerston’s economy is diverse, with local jobs in healthcare, manufacturing, and service industries. Two of the largest employers include:
- Palmerston & District Hospital – Providing emergency care, surgery, diagnostics, and more for the region.
- TG Minto – A leading automotive manufacturer that supplies plastic components for Toyota.
There are also thousands of job opportunities within a 40-minute radius of Palmerston.
Affordable Cost of Living
Palmerston offers a cost of living that’s roughly 20% lower than Ontario’s average, thanks to affordable real estate, lower taxes, and reduced utility costs. Everyday expenses like groceries and entertainment are also budget-friendly.
Safety & Peace of Mind
Palmerston is considered very safe, with crime rates 37% lower than the national average. Violent crime is rare, and the community’s close-knit atmosphere ensures that neighbours watch out for one another.
Top-Rated Local Healthcare
Palmerston & District Hospital is a top-rated hospital known for exceptional care and impressively short wait times compared to larger urban hospitals.
