123 East Street
Central Huron, ON
- 41,893 sqft
- Investment
22 unit building being offered for sale at aprox. 9.1% Cap rate/$79k per unit. Comprised of 2x1Bed, 20x2Bed. Substantial cash flow from day 1 of ownership. Separate hydro meters. The asset is situated in a quiet, established neighbourhood with proximity to schools, parks, and local amenities, making it highly attractive to long term tenants and supporting consistent occupancy. Income/Expense ratio is roughly 49.5%. Decrease your expenses and increase your income to streamline operations and improve efficiency. This is a stabilized, income producing property with the fundamentals investors look for solid construction, full occupancy, and a straightforward strategy to drive returns through operational improvements and rental upside. Tour of all units will take place Sunday May 10th from 3pm-5pm. Please confirm attendance.
Listing Details
- Taxes (2025)
- $22,550
- Listed
- May 4, 2026
Price History
Property
- Lot Size
- 442.83 x 114.42 Feet
Parking
- Garage
- Street
Location & Legal
- Cross Street
- East street and Irwin St.
- Zoning
- R3-2
- Parcel Number
- 411790186
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - Over 20 Units
Included
- Exclusions
- Tenant belongings
- Rental Items
- Coinamatic, HWTs
Community
Postal area N0M
- Population
- 69,177
- Private dwellings
- 32,011
- Median age
- 46
- Average household size
- 2.5
- Median household income
- $91,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Central Huron · last 12 months
- Median sold price
- $515,000
- Homes sold
- 91
- Median days on market
- 30
- Sale-to-list price
- 95.4%
Based on 91 recorded sales of commercial properties in Central Huron over the last 12 months.
Listed by
MYSAK REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 41,893 sq ft
- Price per sq ft
- $41.77
- Annual property tax
- $22,550
- Tax per sq ft
- $0.54
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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