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437 MAIN STREET
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Beds
—
Baths
—
Sqft
2,200
Year
—
Type
Retail
On market
112d
Prime mixed-use investment opportunity in the heart of downtown Exeter! This well-maintained building features a desirable blend of two commercial and two residential units, all separately metered -making it a turnkey addition to any investment portfolio. The prominent main-level storefront offers outstanding downtown exposure and steady foot traffic in Exeter's south end. Currently configured as professional office space, this bright and inviting unit includes wheelchair accessibility, exposed brick and a 2-piece bathroom, offering flexibility for a variety of retail or service-based uses.The lower residential unit features 2 bedrooms, a 3-piece bathroom, and a spacious office area. Thoughtfully updated with laminate flooring throughout, this unit provides comfortable and functional living space.At the rear of the building, you'll find a versatile commercial shop space-ideal for a tradesperson, hobbyist, or entrepreneur seeking practical workspace with easy access.The upper residential apartment is a spacious 3 bedroom, 2-bathroom unit offering generous square footage, abundant natural light, and modern updates throughout-creating an attractive living environment for tenants or an owner-occupier.With its strong tenant profile complete with 3 rented units, flexible layout, and prime Main Street location, 437 Main Street presents an excellent opportunity for investors or those looking to live and work in the vibrant Exeter community. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.89%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,601
Financing
Operating expenses (monthly)
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Approximation 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for South Huron (Exeter). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.