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New · Listed Sep 23, 2026 · 36 days on market

10 Lincoln Street, Ajax, ON L1S 6C8

$1,999,000

Commercial · Investment · 2700 sq ft · For Sale

Rare opportunity to own a beautifully renovated legal triplex in the heart of Pickering Village, Ajax. This exceptional property offers three spacious 2-bedroom units, each fully renovated with modern kitchens, updated bathrooms and flooring. Situated on an expansive lot with 8 parking spaces plus a 2-car garage, this property offers an excellent opportunity for an investor seeking income-producing units with the flexibility for owner-occupancy or multi-generational living. Additional rental income potential from parking and garage space. Each apartment has a separate hydro meter, with hydro paid directly by the tenants. The property also features a high-efficiency tankless combination heating and hot water system. Situated within steps of all local Pickering Village amenities, including adjacent commercial laundry and wash-and-fold services. Seller-provided estimated market rents: *Main floor 2 bedroom with w/o to fenced yard - $2,800 plus hydro* *Second floor 2 bedroom $2,600 plus hydro* *Third floor 2 bedroom (temporarily occupied by a friend of the Seller) $2,500 plus hydro = $94,800* -- Annual operating expenses: Property Taxes $7,699 (2026) -- Property Insurance $3,030 -- Gas (Tankless heat & hot water) $1201. -- Hydro $663 (This is for the house meter, apartments have separate meters paid by tenants -- Water/sewer $1,338 -- Snow & grass $2,202 = $16,133

Property summary

TypeCommercial
SubtypeInvestment
Business typeApts - 2 To 5 Units
Building area2700 Square Feet
Bathrooms3
Taxes$7,699 / yr
Parking10
GarageDouble Detached
PossessionFlexible
OccupantOwner+Tenant
Property
Lot size0.27
Lot width60
Lot shapeIrregular
Power & Services
Heating typeGas Hot Water
SewerSanitary+Storm
UtilitiesYes
Residential
Bathrooms3
GarageDouble Detached
Zoning & Taxes
Taxes / yr$7,699
Tax year2026
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Data provided by TRREB. Listed by Re/Max Hallmark First Group Realty Ltd..

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CC Susan — Central Commercial
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