Home Details for 146-148 Frances Street

Affordable investment opportunity in the heart of Wingham with 2 vacant units for new owner to set the rents! This well-maintained fourplex is located on a quiet, desirable street and offers a solid tenant base. The property includes two one-bedroom units, one two-bedroom unit, and one three-bedroom unit-each with its own appliance package and separately metered utilities. Current rents generate a total of $3,074.25 per month, with tenants responsible for their own heat and hydro.The building features a newer steel roof, a spacious backyard, ample on-site parking, and updated furnaces in units 146 #2 (2016), 148 #1 (2016) and 148 #2 (2017), no rental items, two updated water heaters (2024 and 2025). Wingham is a charming community with a full range of amenities and is just a short drive from the beautiful shores of Lake Huron. All tenants are currently on month-to-month leases, offering flexibility for those looking to live in one unit or adjust the rental strategy. One bedroom is vacant and 3 bedroom will be vacant Feb 1, 2026. A great opportunity to break into the rental market. (id:31684)

• Heating Information

  • Forced Air
  • Natural Gas

• Cooling Information

  • Wall Unit(s)