Business For Sale · Multifamily

370 WILLIAM STREET, South Huron (Exeter)

370 WILLIAM STREET, South Huron (Exeter), ON N0M1S2

$3.1M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

91%

Lot Size

0.318 ac

About this property

Situated in a prime central location in Exeter, this fully renovated 10 units with a management suite apartment building oilers a turn key investment opportunity in a thriving Southwestern Ontario community. The property features a mix of one and two bedroom units, each thoughtfully updated with modem finishes and functional layouts that appeal to today's tenants. With ample on-site parking, and updated mechanicals, this asset provides investors with a stable and efficient operation from day one. Within walking distance to downtown shops, restaurants, schools, and amenities, the building benefits from strong local rental demand and consistent occupancy. Exeter continues to attract both residents and businesses with its small-town charm, proximity to London, and convenient access to Lake Huron's beaches. Combining quality renovations, a desirable unit mix, and a prime in-town location, this property stands out as a secure, income-producing investment with long-tenn upside in a steadily expanding market. Exeter continues to demonstrate strong fundamentals. Its central location attracts both long-tenn residents and commuters working in nearby centres like London and Stratford, creating steady rental demand and low vacancy rates. The local economy is diversified, supported by agriculture, healthcare, education, and growing retail and service sectors. infrastructure improvements and continued population growth across Huron County further contribute to long-term property appreciation. Exeter offers the rare combination of affordability, consistent returns, and community growth potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$3.10M
Down payment30% · $930K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$135K

Annual cash flow

$-37K

Cash-on-cash

-4.00%

DSCR

0.78

Going-in cap

4.34%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

138,547

Households

55,413

Median income

$89,500

Median age

43.7

Daytime population

205,588

5-yr growth

2.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 370 WILLIAM STREET, South Huron (Exeter).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.