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Investment signal

$499,900

103 PATRICK STREET E

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

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

About this home

Discover a fantastic investment in the heart of Wingham! This four-plex offers a stable, income-generating opportunity in a desirable Huron County community. Perfect for new and experienced investors looking to capitalize on the strong demand for quality rental properties in the area. Key Investment Highlights: Four Self-Contained Units. Each of the four units features a practical and tenant-friendly layout: 1 spacious bedroom, full bathroom, functional kitchen, comfortable living room. On-Site Laundry: A highly sought-after amenity providing convenience for all tenants and a reliable income stream. Dedicated Parking: Includes 4 outdoor parking spaces, ensuring hassle-free parking for all residents. Excellent Location: Situated in Wingham, known for its small-town charm, local amenities (hospital, shopping, schools, community complex), and strong community spirit. Wingham is part of the Municipality of North Huron, offering a blend of rural appeal and convenience. Turnkey Potential: A fantastic opportunity to secure a fully-rented and easily-rentable property with a proven history of demand. The Units: The 1-bedroom, 1-bathroom design of each unit appeals to a wide range of tenants, including singles, young couples, and retirees. With separate living, kitchen, and sleeping areas, the units offer comfort and privacy. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: Wingham
Lot dimensions: 82.5 x 99 FT
Bedrooms: 4 above grade
Parking: 4 total
Stories: 2
On market: Apr 13, 2026
Status changed: Apr 13, 2026
Annual tax: $4,424
Zoning: R2
Photos: 24
MLS#: X12991032
Area: NORTH_HURON_(WINGHAM)

Features and systems

Parking

No Garage

Basement

UnfinishedPartial

Appliances

RefrigeratorStoveWater Heater

Heating

Baseboard heatersElectric

Cooling

Window air conditioner

Exterior

Vinyl siding

Foundation

Stone

Negative cash flow ~$205/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

-2.46%

Cap rate

4.37%

GRM

14.4

Break-even rent

$3,116

Financing

Down payment$99,980

Loan amount$399,920

Mortgage$2,026/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$417

CapEx reserve$208

Vacancy loss$145

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 $2,026/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 13, 2026.