146-148 FRANCES STREET, North Huron, Ontario
$419,000
- 7 Beds
- 4 Baths
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. (id:56241)
- Listing ID: X12318925
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 146-148 FRANCES STREET in North Huron Ontario. It was last modified on August 1st, 2025. Contact Geoff Allen to schedule a viewing or to discover other North Huron real estate for sale.