33 Station Street St. Thomas, Ontario N5P 2X1
$1,075,000
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)
Property Details
| MLS® Number | X9344483 |
| Property Type | Multi-family |
| Community Name | NW |
| Amenities Near By | Public Transit, Place Of Worship, Schools, Park |
| Community Features | Community Centre |
| Features | Cul-de-sac, Flat Site, Lighting |
| Parking Space Total | 6 |
| Structure | Porch, Deck |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 12 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship, Schools, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 120 Ft |
| Size Frontage | 64 Ft ,4 In |
| Size Irregular | 64.4 X 120 Ft |
| Size Total Text | 64.4 X 120 Ft|under 1/2 Acre |
| Zoning Description | R4 |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27401501/33-station-street-st-thomas-nw
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October 18 2024 04:51:39
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