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33 Station Street St. Thomas, Ontario N5P 2X1

6 Bathroom 4326 sqft
Hot Water Radiator Heat

$1,124,900

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:46638)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number X9053887
Property Type Multi-family
Community Name NW
AmenitiesNearBy Public Transit
ParkingSpaceTotal 6

Building

BathroomTotal 6
HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat
SizeExterior 4326 Sqft
SizeInterior 4326 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
Sewer Sanitary Sewer
SizeDepth 120 Ft
SizeFrontage 64 Ft ,4 In
SizeIrregular Bldg=64.41 X 120 Ft
SizeTotalText Bldg=64.41 X 120 Ft
ZoningDescription R4

https://www.realtor.ca/real-estate/27212617/33-station-street-st-thomas-nw

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