8.2% Cap Rate! Well-maintained legal 6-plex (5 x 1 Bdrm, 1 x 2 Bdrm) with phenomenal curb appeal on a large corner lot. 1 unit presently vacant. Excellent Tenant profile. Units are heated by Electric Baseboard, Tenants pay their own Hydro, Ample onsite parking and centrally located 150m from downtown & within walking distance to all amenities. This investment has lots of unrealized upside potential, Unit 4 has a sizeable, Full height finished attic space not being used which could transform unit 4 into a large 2-storey 4 bedroom suite. Spacious coach house currently in use by the owner has potential to bring additional rental income or could potentially be converted to a 7th unit with city approval.
Property Type:
Commercial
Property Sub Type:
Investment
Property Attached:
Yes
Freestanding:
Yes
Total Area:
4350 sq. ft. Square Feet
Total Area:
4,350 sq. ft.404 m2
Lot Depth:
120'36.6 m
Lot Frontage:
93'28.3 m
Lot Shape:
Rectangular
Water supply:
Municipal
Kitchens:
0
Zoning:
R2
Heating type:
Baseboard
Garage:
Double Detached
Parking Spaces:
8
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$4,758 /
2025
Assessment:
$- /
-
Huron
North Huron
Wingham
1 Washer & 1 Dryer with Coinamatic - can be assumed or cancelled, AHS Fire Monitoring contract - can be assumed or cancelled, If cancelled, rental radios must be returned by closing. Bell contract must be assumed.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.