$3,100,000
South Huron
370 William Street, South Huron (Exeter), Ontario, N0M1S2
This multi-family property in South Huron is for sale. It has been on the market 9 days, fresher than the South Huron average of 116 days.
Situated in a prime central location in Exeter, this fully renovated 10 units with a management suite apartment building oilers a turn key investment opportunity in a thriving Southwestern Ontario community. The property features a mix of one and two bedroom units, each thoughtfully updated with modem finishes and functional layouts that appeal to today's tenants. With ample on-site parking, and updated mechanicals, this asset provides investors with a stable and efficient operation from day one. Within walking distance to downtown shops, restaurants, schools, and amenities, the building benefits from strong local rental demand and consistent occupancy. Exeter continues to attract both residents and businesses with its small-town charm, proximity to London, and convenient access to Lake Huron's beaches. Combining quality renovations, a desirable unit mix, and a prime in-town location, this property stands out as a secure, income-producing investment with long-tenn upside in a steadily expanding market. Exeter continues to demonstrate strong fundamentals. Its central location attracts both long-tenn residents and commuters working in nearby centres like London and Stratford, creating steady rental demand and low vacancy rates. The local economy is diversified, supported by agriculture, healthcare, education, and growing retail and service sectors. infrastructure improvements and continued population growth across Huron County further contribute to long-term property appreciation. Exeter offers the rare combination of affordability, consistent returns, and community growth potential. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 9 days on market, against an average age of 116 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 71 days on the market over the past year, against a median of 48 days across the markets we publish.
This multi-family in South Huron (Exeter) has been listed for 9 days, which is 107 days fresher than the city average of 116. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,100,000, about 34.1× the local median household income of $91,000.
Carrying it typically needs a household income of about $605,539 (20% down, 25-yr amortization, stress-tested) — roughly 565% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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