146-148 Frances Street

Nestled in the heart of Wingham, this exceptional property at 148 Frances Street, North Huron, presents a remarkable investment opportunity. This Multi-Family Home for sale in North Huron is a well-maintained multiplex that boasts a wealth of features, making it an attractive choice for both seasoned investors and those looking to enter the rental market.

The building, styled as a two-storey multiplex, is constructed with durable concrete block and aluminium siding, ensuring longevity and minimal maintenance. With a total of 23 rooms, including seven bedrooms and four bathrooms, this property is designed to accommodate a variety of living arrangements. Each of the four kitchens is equipped with its own appliance package, making it ideal for tenants seeking independence. The layout includes two one-bedroom units, one two-bedroom unit, and one three-bedroom unit, all of which are separately metered for utilities. This means that tenants can enjoy the convenience of managing their own heat and hydro, while the current rental income totals an impressive £3,074.25 per month.

The Multi-Family Home for sale in North Huron also features a spacious backyard, perfect for outdoor activities or simply enjoying the fresh air. Although there is no pool on the premises, the ample parking space for up to four vehicles ensures that both residents and guests have convenient access. Additionally, the property is equipped with wall unit air conditioning, ensuring comfort during the warmer months. The presence of a fireplace adds a charming touch, creating a warm and inviting atmosphere for tenants during the cooler seasons.

As for the heating system, the property benefits from forced air heating, with updated furnaces installed in units 146 #2 (2016), 148 #1 (2016), and 148 #2 (2017). There are also two updated water heaters, installed in 2024 and 2025, ensuring that tenants have reliable access to hot water. The building is connected to municipal water and sewer services, providing peace of mind for both tenants and owners alike.

While the basement remains unfinished, it offers potential for future development or storage space. However, it is worth noting that there is no central vacuum system in place, which may be a consideration for some buyers. The property is currently unfurnished, allowing new owners the freedom to design and furnish the units to their liking.

The location of 148 Frances Street, North Huron, is another significant advantage. Wingham is a charming community that offers a full range of amenities, making it an appealing place for tenants to live. Just a short drive away are the stunning shores of Lake Huron, providing opportunities for leisure and recreation. The surrounding area is known for its friendly atmosphere and community spirit, making it an ideal environment for families and individuals alike.

All tenants are currently on month-to-month leases, providing flexibility for potential owners who may wish to occupy one of the units or adjust the rental strategy. This Multi-Family Home for sale in North Huron represents a fantastic opportunity to break into the rental market with a turnkey property that promises reliable income, boasting an approximate rate of return of 6.7%.

In summary, 148 Frances Street, North Huron, is a well-appointed multiplex that combines a solid tenant base with a desirable location. With its multiple kitchens, spacious living areas, and updated amenities, this property is a standout choice for anyone looking to invest in the thriving community of Wingham. Don't miss out on this fantastic Multi-Family Home for sale in North Huron; it truly is a gem in the heart of the area.

Wingham, nestled within the municipality of North Huron, is a charming small town that exudes a warm, welcoming atmosphere. Surrounded by picturesque farmland and lush greenery, it offers a tranquil escape from the hustle and bustle of city life. The town features a delightful mix of historic buildings and modern amenities, providing residents with a sense of community while still enjoying the conveniences of contemporary living. With its friendly locals, vibrant local events, and access to beautiful natural landscapes, Wingham is an ideal place for those seeking a peaceful yet engaging lifestyle in a close-knit geographic setting.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Just 0.4 km away, Maitland River Elementary School offers a public education for grades JK to 6, under the Avon Maitland District School Board, with a school rating of 5.1, indicating a strong academic performance. For older students, F.E. Madill Secondary School is situated 0.5 km from the property, providing education for grades 7 to 12, also under the Avon Maitland District School Board, with a school rating of 4. Additionally, Sacred Heart Separate School, a Catholic institution offering grades JK to 8, is located 0.4 km away, though it currently has a school rating of 0. This proximity to a variety of schooling options ensures that children have access to quality education within a short distance, promoting a family-friendly environment. The schools offer English as the language of instruction, catering to the local community's needs. Overall, this area is well-equipped to support the educational needs of families, enhancing the appeal of the property for potential buyers.