$574,000

Investment For Sale In St. Thomas, Ontario

$574,000

Property Information:

Calling all investors!! This all-brick turnkey TRIPLEX is cash flowing at current interest rates. All three units feature 1 bedroom and 1 bathroom and come fully tenanted with A+ tenants. Investors will love the separately metered hydro, water and gas for all units(gas meters for Units 1 & 2, Unit 3 has electric heat and no gas). Units 2 and 3 have had plenty of updates/upgrades in the past 5 years such as floors, kitchens, appliances and lighting fixtures. Unit 1 received a new kitchen, including new fridge, dishwasher and microwave range hood, laminate flooring in kitchen and bathroom, as well as tub surround and bathroom sink just 3 years ago. Unit one also has direct access to a fenced in backyard. Each unit has their own hot water tank and a separate furnace for Units 1 & 2. A shared laundry facility is located in the shared basement area that stays perfectly dry due to moisture barriers installed. Current rents are $820, $1150 and $1375 respectively and tenants cover all utilities other than the common area/basement (landlord pays roughly $30/mo). There is an outdoor fire escape ladder for Units 2 & 3. The time to purchase this amazing TURNKEY investment property is NOW, as St Thomas is poised for growth for years to come with the massive VW Battery Plant currently under construction, and the new AMAZON Distribution Plant just minutes away in Talbotville.

Inclusions: Built-in Microwave,Microwave,3 Fridges, 2 Stoves, 1 Dishwasher, 1 Microwave, 1 Washer, 1 Dryer

Exclusions : Stove In Unit 1, 1 Hot Water Heater Owned By Tenant In Unit 1, Tenant Belongings

Building Features:

  • Floor Space: 1850 Square Feet

Property Features:

  • Bedrooms: 3
  • Acres Range: < 0.5
  • Basement: Full, Unfinished
  • Built in: 1910
  • Cooling: Wall Unit(s), None
  • Driveway Parking: Street Parking Only
  • Exterior Features: Separate Hydro Meters
  • Floor Space (approx): 1850 Square Feet
  • Heating: Baseboard, Forced Air, Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Common Area, Shared
  • Lot Depth: 106.34 Feet
  • Lot Features: Rectangular, Dog Park, City Lot, Near Golf Course, Hospital, Library, Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Rec./Community Centre, Regional Mall, Schools, Trails
  • Lot Frontage: 20.25 Feet
  • Other Structures: Shed(s)
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R4
  • Sewer: Sewer (Municipal)

Courtesy of: PRIME REAL ESTATE BROKERAGE

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved