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St. Thomas,ON N5P 2X1
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X9344483
Style 2 1/2 Storey
Bedrooms 9
Annual Tax Amount $4,658
Tax Year 2023
Property Description
Welcome to 33 Station located in growing St. Thomas. This six-unit building offers an exceptional opportunity for savvy investors. Comprised of two three-bedroom units, two two-bedroom units, and two one-bedroom units. This property offers a 6.6% cap rate. Net operating income of $74,725.33, the building features seven hydro meters, one water meter, and one gas meter, ensuring efficient utility management. Recent updates include windows, kitchens, bathrooms, electrical, and plumbing. St. Thomas is experiencing a surge in development, making it a hotspot for investors. Major projects such as the new VW Battery Plant and the Amazon Facility are driving economic growth and attracting a robust workforce. The great tenant profile currently residing in the building offers stability, with room for rent increases, further increasing the propertys income potential. Additionally, theres potential for developing more units in the basement. This property offers a 6.6% cap rate. Interested parties are encouraged to inquire about competitive financing options available. Located in a thriving area with easy access to essential amenities, public transportation, schools, and parks. The combination of solid income, future development opportunities, and a prime location makes this property an excellent addition to any investment portfolio. Dont miss out on this fantastic opportunity.
Location
Province ON
County Elgin
Rooms
Family Room Yes
Basement Unfinished,Full
Kitchen 5
Interior
Interior Features Separate Hydro Meter,Water Heater Owned
Cooling None
Fireplace No
Exterior
Exterior Feature Year Round Living,Lighting,Porch,Deck
Garage Private
Garage Spaces 6.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Topography Flat
Parking Type None
Total Parking Spaces 6
Building
Unit Features Public Transit,Rec./Commun.Centre,Place Of Worship,School,Park,Cul de Sac/Dead End
Foundation Unknown
Others
Security Features Smoke Detector