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. The tenant in the one bedroom is leaving December 6. A great opportunity to break into the rental market with a turnkey property with an excellent rate of return.
Address
146-148 Frances Street
List Price
$399,000
MLS® Status
Price Change
Expiration Date
2025-11-01
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
North Huron
Sub-Area
Wingham
Region
Huron
Bedrooms
7
Bedrooms (Total)
7
Rooms Above Grade
23
Bathrooms
4
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
120
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
66
Parcel Number
410620013
Occupant Type
Tenant
Cross Street
Frances St & Victoria St W
MLS® Number
X12318925
Listing Brokerage
Royal LePage RCR Realty
Basement Area
Unfinished
Postal Code
N0G 2W0
Posession Details
FLEXIBLE
Parking Places (Total)
6
Parking Spaces
4
Tax Amount
$5,136.00
Tax Year
2025
Interior Features
Accessory Apartment, Separate Heating Controls, Storage
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Wall Unit(s)
Construction Materials
Concrete Block, Aluminum Siding
Direction Faces
West
Fireplace
Yes
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Metal
Tax Legal Description
PT LT 69 PL 418 WINGHAM AS IN R266277; TOWNSHIP OF NORTH HURON
Waterfront
No
Sewer
Sewer