$519,900
North Huron
408 Queen Street, North Huron (Blyth), Ontario, N0M1H0
This retail property in North Huron is for sale offering roughly 4,535 sq ft of space. It has been on the market 86 days, fresher than the North Huron average of 133 days.
An exceptional turn-key investment opportunity in the heart of historic downtown Blyth! This beautifully restored, fully occupied mixed-use freehold building offers stable, immediate income and endless future potential with two established tenancies. The main floor features a long term reliable government office tenant with an extended lease through 2030 ($34,792/yr income). The upper level boasts a spacious 3-bedroom residential furnished apartment with a conscientious long-term tenant. Total gross income of $47,000+/yr with low operating costs. Extensively renovated with major mechanical updates, 2022 natural gas conversion, 2023 facade refresh, and a brand new membrane roof with seamless eavestroughs in 2026. Prime location directly across from the renowned Blyth Festival Theatre and minutes from Cowbell Brewing, the G2G Rail Trail, and Lake Huron beaches. Future potential to optimize residential rents or convert the upper unit to short-term tourist accommodation (subject to bylaws). Invest with Confidence. ENJOY dependable turn-key cash flow! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 86 days on market, against an average age of 133 days across the listings currently for sale in this city
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.
This retail in North Huron (Blyth) has been listed for 86 days, which is 47 days fresher than the city average of 133. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $519,900, about 5.7× the local median household income of $91,000.
Carrying it typically needs a household income of about $101,555 (20% down, 25-yr amortization, stress-tested) — roughly 12% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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