$1,075,000
 $5,771 est/mo Sourced by Back At You

33 Station Street , St. Thomas, ON N5P2X1

St. Thomas, ON N5P2X1

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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. (id:374)

Details

MLS#X9344483
Listing TypeFor Sale
StyleTown House
StatusActive
Days On Site59
Listing Provided ByKELLER WILLIAMS LIFESTYLES | OSMAN OMAR

Features

Bed(s)12
Bath(s) 6 Total
BasementY
Story(s)2
ZoningR4
The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 CREA. All Rights Reserved.

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Listings Checked: 5 minutes ago
ProvinceON
CitySt. Thomas
Postal CodeN5P2X1
Listing VS Median (in N5P2X1)
Price:
$1,075,000
low | high
Med:
$1,075,000
50% of Average
On Site:
59
low | high
Med:
108.000000
54.62962962963% of Average
Sourced by Back At You
Listing Updated: October 18, 2024 at 9:17:22 AM PDT