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$749,000
Est. payment /mo
7 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Wingham
MLS Listing ID X13224924
Style 2 1/2 Storey
Bedrooms 7
Annual Tax Amount $4,758
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Huron
Area Huron
Rooms
Family Room Yes
Basement Unfinished, Separate Entrance
Kitchen 6
Interior
Interior Features Separate Hydro Meter, Storage, Water Heater Owned
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Landscaped
Parking Features Private
Garage Spaces 2.0
Pool None
Waterfront Description None
Roof Type Asphalt Shingle,Metal
Lot Frontage 93.73
Lot Depth 120.07
Total Parking Spaces 8
Building
Unit Features Library,Park,School
Foundation Concrete
Others
ParcelsYN No
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Listed by MYSAK REALTY INC.
NEARBY SCHOOL & BUSINESS
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