$ 419,000
-
$419,000
Price -
7
Bed -
4
Bath -
3,000
SqFt
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About the Listing 571603 -
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.
Listing Highlights for 146-148 Frances St
Status
Active
Days on Site
39
Property Type
Multi-Family
MLS ®
X12318925
Year Built
Total Square Footage
3,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Accessory Apartment,Separate Heating Controls,Storage
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Metal
- Others:
- Sewer: Sewer
Financial Details
- Tax Amount: $5,136
- Taxes w/Assessments: N/A
- Tax/Property ID: 410620013
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
146-148 Frances St North Huron, ON N0G 2W0
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