$745,000

For sale

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329 Josephine Street, North Huron (Wingham) - Multi-family for Sale

329 Josephine Street, North Huron (Wingham), Ontario, N0G2W0

11 beds6 baths10 parking ft²

276 CENTRE Street, North Huron (Wingham), Ontario, N0G2W0

5 bd5 ba8 pk4,250 ft²

Listed by RE/MAX Land Exchange Ltd

276 Edward Street, North Huron (Wingham), Ontario, N0G2W0

For sale

73 days ago

$499K

276 Edward Street, North Huron (Wingham), Ontario, N0G2W0

4 bd2 ba3 pk2,250 ft²Lot size 46 × 132 ft (6,072 sq ft)

Listed by Century 21 Millennium Inc.

Investment analysis

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$745,000

North Huron

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Overview

This multi-family property in North Huron is for sale offering roughly 4,250 sq ft of space. It has been on the market 26 days, fresher than the North Huron average of 52 days.

Multi-Family Properties for Sale in North Huron →All real estate in North Huron →

Description

Newly renovated stunning investment property. This Charming Six-Plex Building located in the town of Wingham in North Huron of Ontario would be a dream come through for you. Unique with it's architecture and friendly residents, numerous local businesses and shops around town. With Five of the units fully renovated, this property features Two-1 Bedroom, Three 2-Bedrooms & One 3-Bedroom. A great income and cashflow for an investor. Separate Hydro meter for each unit. Face lift of the building front. Coin Laundry onsite for additional revenue. (id:66096)

Property Details

MLS®: X13883410
Property Type: Multi-family
Zoning: C4
Bedrooms: 11
Beds (above / below): 11 above · 0 below
Bathrooms: 6
Parking: 10
Interior Size: 4,250 ft²
Lot Size: 60 × 150 ft (8,943 sq ft)
Frontage: 60 ft
Storeys: 2
Basement: Unfinished, Crawl space
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Property Tax: $4,762/yr
Listed: 26 days ago

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer
Foundation: Block
Exterior: Brick, Vinyl siding
Lot Features: Flat site, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

North Huron (Wingham) listings, avg age

52d

Price / ft²

$175

List price

$745K

Homes here sell slower than most markets

Sold homes in this market spent an average of 66 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (N0G)

This home lists at $745,000, about 9.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $145,525 (20% down, 25-yr amortization, stress-tested) — roughly 75% above the area median.

Median household income: $83,000
Population: 86,935
Median age: 40.8
Owner / renter: 80% / 20%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0G)

$745,000· $175/ft²

For sale

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Full Cost Breakdown

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Down Payment6.64% · $49,500

Min 6.64%50%

Mortgage payment$3,856/mo

↳ CMHC premium ($27,820 capitalized)

Property tax (est.)$397/mo

Total monthly$4,253

Cash Needed to Close

Down payment (6.64%)$49,500

Land transfer tax$11,375

Est. closing costs$4,735

Total cash needed$65,610

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329 Josephine Street, North Huron (Wingham) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N0G)

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Full Cost Breakdown