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Home ON South Huron
413 MAIN STREET S
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413 MAIN STREET S $799,000
$799,000
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413 MAIN STREET S
South Huron (Exeter), Ontario N0M1S2

MLS® Number: X12232540

Listing Description

Calling all smart investors! Welcome to 413 & 411 Main Street South, an Opportunity to own a mixed use Com/Res 2.5 story building located in the historic core of downtown Exeter, Ontario. This property offers exceptional cash flow potential with two street-level retail spaces currently vacant ready for your next venture or available for lease to new tenants. In addition to the retail storefronts, the building features five fully renovated residential units at the rear and upper levels. Separate entrances at both the front and rear of the building provide easy access for tenants. Three units (1 unit of 3 bed, and 2 units of 1 bed) are already occupied by long-term tenants, while the remaining two units (1-bachelor unit (830sqf+/-) &1 bedroom unit) offer flexibility for owner occupancy or additional rental income. Highlighted features include: Full renovation of all residential units to meet 2025 building code standards; Brand new kitchens in two of the units; New siding and windows (installed three years ago); New electrical throughout the entire building; Baseboard heating with individual controls in each unit; Four owned hot water tanks; Interconnected fire alarm system; Whole-building Wi-Fi coverage. This turn-key property is perfect for investors seeking a secure, income-generating asset with minimal work needed. Easy 11% cap rate when fully occupied. Proforma financials are available upon request. Opportunities like this don't come around often, don't miss out! Call today to schedule your private showing! Please allow enough time to deliver 24 hour entry notices to tenants. (40725525)

Location Description

Sanders St. E & Main St. S

Property Summary

Property Type
Retail
Community Name
Exeter
Land Size
Bldg=24.3 x 140.87 FT
Annual Property Taxes
$2,753.40
Time on REALTOR.ca
9 days

Building

Heating & Cooling
Heating Type
Baseboard heaters
Utilities
Water
Municipal water

Measurements

Square Footage
3574 sqft
Exterior Building Size
3574 sqft

Land

Lot Features
Frontage
24 ft ,3 in
Land Depth
140 ft ,10 in
Other Property Information
Zoning Description
C1
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3
SOPHIA HAMDAN