Business For Sale · Multifamily

430 ALBERT STREET, South Huron (Exeter)

430 ALBERT STREET, South Huron (Exeter), ON N0M1S1

$750,000 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

A rare opportunity for anyone with adult children or an active senior parent to live together yet separately, each with private interior and garden spaces. This Family Compound sits in thriving Exeter, gateway to the beaches of Lake Huron and a short drive to London and Stratford. It also includes a 600+ sq ft double-insulated garage, ideal as a working shop or artist's studio. Extensively renovated in recent years, the property was retrofitted with a fully legal, code-compliant ARU of approx. 1,000 sq ft. What makes it unique: rather than a laneway house, these are two stunning residences fronting two separate leafy streets. The Main House (ca. 1900) began as a Victorian cottage and grew into a warm 3-bedroom, 2.5-bath home full of light and character. The main-floor Primary Bedroom has a 3-piece ensuite and oversized closet. The renovated white kitchen with quartz counters and pantry leads to a bright dining room and out to a fenced side yard with a large deck and maple shade trees. Upstairs: two more bedrooms plus a 4-piece bath with front-load washer/dryer. The Second Residence is a sophisticated Urban Farmhouse Board and Batten coach house of 1,000 sq ft, a stunning twin to the main home. The main-floor entry doubles as a home office. Upstairs, a flexible loft-style space surprises with a chef's kitchen and access to a landscaped gazebo garden. Set in the A-lister Heritage corner of Exeter, minutes from shops and destination restaurants but nestled in a quiet, leafy neighbourhood. A wonderful space you'll be proud to call home. (id:66811)

Financial sandbox

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Estimate
Purchase price$750K
Down payment30% · $225K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$25K

Annual cash flow

$-17K

Cash-on-cash

-7.46%

DSCR

0.60

Going-in cap

3.30%

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

45,246

Households

19,442

Median income

$117,500

Median age

36.1

Daytime population

60,099

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 430 ALBERT 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.