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Investment signal

$1,735,000

141-145 MAIN STREET N

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Beds

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Baths

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Year

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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 Wellington North (Mount Forest). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Solid core commercial investment property in downtown Mount Forest. 11 units, 9 residential and 2 commercial plus a small on site laundromat. On site storage. Extensively renovated. Showing good return. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Mount Forest
Living area: 10,161 square feet
Lot dimensions: 42.53 x 234.3 FT
On market: Oct 1, 2025
Status changed: Apr 14, 2026
Annual tax: $6,123 (2025)
Zoning: C1
Photos: 19
MLS#: X12437412
Area: WELLINGTON_NORTH_(MOUNT_FOREST)

Features and systems

Heating

Forced airNatural gas

Cooling

None

Negative cash flow ~$1,836/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

-6.35%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,607

Financing

Down payment$347,000

Loan amount$1,388,000

Mortgage$7,033/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$795

Insurance$80

Maintenance$1,446

CapEx reserve$723

Vacancy loss$434

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 $7,033/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 14, 2026.