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Investment signal

$499,900

103 PATRICK STREET E

Beds

Baths

Sqft

—

Year

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Location

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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 ~$632/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-7.59%

Cap rate

4.37%

GRM

14.4

Break-even rent

$3,566

Financing

Down payment$99,980

Loan amount$399,920

Mortgage$2,453/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: 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.

Lifestyle 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.

Mortgage estimate

Estimated $2,453/mo at 5.49% with 20% down, 25-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.