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123 East Street
Clinton Central Huron N0M 1L0

$1,750,000 /For Sale
Commercial

Main Photo: 123 East Street in Central Huron: Clinton Commercial for sale : MLS®# X13080648
Photo 1: 123 East Street in Central Huron: Clinton Commercial for sale : MLS®# X13080648
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13080648
Bus Major:
Apts - Over 20 Units
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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
41893 sq. ft. Square Feet
Total Area:
41,893 sq. ft.
Lot Depth:
114'5"
Lot Frontage:
442'10"
Water supply:
Municipal
Zoning:
R3-2
Heating type:
Baseboard
Garage:
Street
Possession Details:
flexible
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
N/A
Taxes:
$22,550 / 2025
Assessment:
$- / 2025
Huron
Central Huron
Clinton
Major Highway
Yes
Coinamatic, HWTs
Tenant belongings
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Gross income:
$314,064
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$4,115
Hydro Expenses:
$31,929
Insurance Expenses:
$17,272
Tax Expenses:
$22,550
Water Expenses:
$21,332
Year Expenses:
2025
Major Business Type:
Apts - Over 20 Units
Category:
Apartment
Date Listed:
May 04, 2026
Original Price:
Previous Price:
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Listed by MYSAK REALTY INC.
Data was last updated May 5, 2026 at 03:15 AM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.