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. (id:61852)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | X13224684 |
| Property Type | Multi-family |
| Community Name | Wingham |
| EquipmentType | Dryer(s), Washer(s) |
| ParkingSpaceTotal | 8 |
| RentalEquipmentType | Dryer(s), Washer(s) |
| Appliances | Water Heater |
| CoolingType | None |
| HeatingType | Baseboard Heaters |
| SizeInterior | 4350 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 120 Ft |
| SizeFrontage | 93 Ft |
| SizeIrregular | 93 X 120 Ft |
| SizeTotalText | 93 X 120 Ft |
| ZoningDescription | R2 |
https://www.realtor.ca/real-estate/29836078/315-centre-street-north-huron-wingham-wingham
Contact us for more information
Ashley Lapier
Broker