About 146-148 Frances Street
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.
Features of 146-148 Frances Street
| MLS® # | X12318925 |
|---|---|
| Price | $399,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Square Footage | 3,000 |
| Type | Residential Freehold |
| Sub-Type | Fourplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 146-148 Frances Street |
|---|---|
| Area | Huron |
| Subdivision | Wingham |
| City | North Huron |
| Province | ON |
| Postal Code | N0G 2W0 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | Yes |
| Basement | Unfinished |
Exterior
| Exterior | Concrete Block, Aluminum Siding |
|---|
Listing Details
| Office | Royal LePage RCR Realty |
|---|