Affordable investment opportunity in the heart of Wingham! This well-maintained fourplex is located on a quiet, desirable street and offers a solid tenant base. The property includes two one-bedroom units, one two-bedroom unit, and one three-bedroom uniteach with its own appliance package and separately metered utilities. Current rents generate a total of $3,074.25 per month, with tenants responsible for their own heat and hydro.The building features a newer steel roof, a spacious backyard, ample on-site parking, and updated furnaces in units 146 #2 (2016), 148 #1 (2016) and 148 #2 (2017), no rental items, two updated water heaters (2024 and 2025). Wingham is a charming community with a full range of amenities and is just a short drive from the beautiful shores of Lake Huron. All tenants are currently on month-to-month leases, offering flexibility for those looking to live in one unit or adjust the rental strategy. A great opportunity to break into the rental market with a turnkey property and reliable income at approx 6.7% rate of return. |
Price | $419,000 |
Taxes: | $5136.00 |
Occupancy: | Tenant |
Address: | 146-148 Frances Stre , North Huron, N0G 2W0, Huron |
Directions/Cross Streets: | Frances St & Victoria St W |
Rooms: | 23 |
Bedrooms: | 7 |
Bedrooms +: | 0 |
Family Room: | T |
Basement: | Unfinished |
Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
Room 1 | Main | Kitchen | 11.64 | 10.5 | Combined w/Laundry |
Room 2 | Main | Living Ro | 25.55 | 11.15 | Combined w/Dining |
Room 3 | Main | Bathroom | 11.48 | 3.74 | 2 Pc Bath |
Room 4 | Second | Bedroom | 16.99 | 11.15 | |
Room 5 | Second | Bedroom | 11.64 | 8.99 | |
Room 6 | Second | Bedroom | 11.05 | 8.72 | |
Room 7 | Second | Bathroom | 8.33 | 5.41 | 4 Pc Bath |
Room 8 | Main | Kitchen | 20.24 | 13.97 | Combined w/Dining, W/O To Patio |
Room 9 | Main | Bathroom | 9.41 | 4.89 | 4 Pc Bath, Combined w/Laundry |
Room 10 | Lower | Living Ro | 18.4 | 11.91 | |
Room 11 | Lower | Bedroom | 10.89 | 10.66 | Gas Fireplace |
Room 12 | Main | Kitchen | 11.58 | 9.58 | |
Room 13 | Main | Living Ro | 16.99 | 11.32 | |
Room 14 | Main | Bedroom | 13.48 | 10.89 | |
Room 15 | Main | Bathroom | 6.4 | 4.82 | 4 Pc Bath |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 4 | |
Washroom Type 2 | 4 | |
Washroom Type 3 | 4 | |
Washroom Type 4 | 4 | |
Washroom Type 5 | 0 | |
Washroom Type 6 | 4 | |
Washroom Type 7 | 4 | |
Washroom Type 8 | 4 | |
Washroom Type 9 | 4 | |
Washroom Type 10 | 0 |
Total Area: | 0.00 |
Property Type: | Fourplex |
Style: | 2-Storey |
Exterior: | Concrete Block, Aluminum Siding |
Garage Type: | None |
Drive Parking Spaces: | 4 |
Pool: | None |
Approximatly Square Footage: | 3000-3500 |
CAC Included: | N |
Water Included: | N |
Cabel TV Included: | N |
Common Elements Included: | N |
Heat Included: | N |
Parking Included: | N |
Condo Tax Included: | N |
Building Insurance Included: | N |
Fireplace/Stove: | Y |
Heat Type: | Forced Air |
Central Air Conditioning: | Wall Unit(s |
Central Vac: | N |
Laundry Level: | Syste |
Ensuite Laundry: | F |
Sewers: | Sewer |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
Royal LePage RCR Realty |
|
Book Showing | Email a Friend |
Type: | Freehold - Fourplex |
Area: | Huron |
Municipality: | North Huron |
Neighbourhood: | Wingham |
Style: | 2-Storey |
Tax: | $5,136 |
Beds: | 7 |
Baths: | 4 |
Fireplace: | Y |
Pool: | None |