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Investment signal

$750,000

329 JOSEPHINE STREET

Beds

11

Baths

6

Sqft

Year

About this home

Newly renovated stunning investment property. This Charming Six-Plex Building located in the town of Wingham in North Huron of Ontario would be a dream come through for you. Unique with it's architecture and friendly residents, numerous local businesses and shops around town. With Five of the units fully renovated, this property features Two-1 Bedroom, Three 2-Bedrooms & One 3-Bedroom. A great income and cashflow for an investor. Separate Hydro meter for each unit. Face lift of the building front. Coin Laundry onsite for additional revenue.Newly renovated stunning investment property. This Charming Six-Plex Building located in the town of Wingham in North Huron of Ontario would be a dream come through for you. Unique with it's architecture and friendly residents, numerous local businesses and shops around town. With Five of the units fully renovated, this property features Two-1 Bedroom, Three 2-Bedrooms & One 3-Bedroom. A great income and cashflow for an investor. Separate Hydro meter for each unit. Face lift of the building front. Coin Laundry onsite for additional revenue. (id:65958)

Subtype
Multi-family
MLS#
X13009082
Area
NORTH_HURON_(WINGHAM)
Negative cash flow ~$1,480/mo at these assumptions

Cash on cash

-11.84%

Cap rate

3.52%

GRM

16.7

Break-even rent

$5,308

Financing

Down payment$150,000
Loan amount$600,000
Mortgage$3,681/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$344
Insurance$80
Maintenance$625
CapEx reserve$313
Vacancy loss$188

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.

Mortgage estimate

Estimated $3,681/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 16, 2026.

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