1 / 51

Investment signal

$539,999

1 PRINCE STREET

Save this home

Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lambton Shores (Forest). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional legal duplex in the heart of Forest, Lambton Shores! This well-maintained property offers an ideal opportunity for investors or multi-generational living, featuring two fully self-contained units with separate entrances and utilities. Unit A offers 3 bedrooms and 2 full bathrooms - a main-floor ensuite with a shower and a second-floor cheater ensuite with a relaxing tub. Unit B features 2 bedrooms and 1 full bathroom and is currently rented to long-term tenants who would like to stay with new ownership. Each unit has its own gas, water, and hydro meters, as well as individual furnaces, A/C units, and owned water heaters. Recent updates include furnaces replaced in 2019 and 2021, and water heaters in 2018 and 2023. All appliances are included, making this a truly turn-key property. Located in a desirable community close to schools, parks, shopping, and the beautiful beaches of Lake Huron. Whether you're expanding your portfolio or looking for a flexible live/rent setup, this property is a rare find offering both stability and potential for strong returns. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: Forest
Lot dimensions: 50.9 x 19.8 M
Bedrooms: 5 above grade, 0 below grade
Parking: 4 total
On market: Oct 18, 2025
Status changed: Apr 24, 2026
Annual tax: $2,030
Zoning: I1
Photos: 50
MLS#: X12469940
Area: LAMBTON_SHORES_(FOREST)

Features and systems

Parking

Detached GarageGarage

Basement

UnfinishedN/A

Appliances

AllWater meterWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Vinyl siding

Foundation

Concrete

Lot

Irregular lot sizeLevel

Utilities

SewerElectricityCable

Negative cash flow ~$56/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-0.63%

Cap rate

4.74%

GRM

13.6

Break-even rent

$3,359

Financing

Down payment$108,000

Loan amount$431,999

Mortgage$2,189/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$247

Insurance$80

Maintenance$450

CapEx reserve$225

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,189/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.