42 Pearl Street St. Thomas, Ontario N5P 1A0
$1,300,000
UNIQUE SEVENPLEX INVESTMENT OPPORTUNITY ON A LARGE LOT IN THE DOWNTOWN CORE OF ST. THOMAS. THIS WELL MAINTAINED, LOW MAINTENANCE APARTMENT BUILDING FEATURES FOUR-ONE BEDROOM UNITS AND THREE-TWO BEDROOM UNITS. UPDATES WITHIN THE LAST FOUR YEARS INCLUDE A NEW ROOF, NEW SOFFIT, FASCIA AND EAVESTROUGH, THREE RENOVATED UNITS AND RENOVATED COMMON AREA HALLWAYS. UP TO DATE FIRE INSPECTION. THE GROSS RENT REVENUE IS $80,513.28 WITH THE POTENTIAL TO UPSIDE TO CURRENT MARKET RENTS. THERE IS ALSO POTENTIAL TO ADD COIN LAUNDRY OR SEPARATE STORAGE UNITS IN THE UNFINISHED BASEMENT. POSITIONED WITH VISIBILITY AND CHARACTER IN A RAPIDLY GROWING COMMUNITY, THIS PROPERTY IS READY FOR A NEW INVESTOR. (id:46638)
Property Details
| MLS® Number | 40406975 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | School Bus |
Building
| Bathroom Total | 7 |
| Bedrooms Total | 10 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Stories Total | 3 |
| Size Interior | 8000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 206 Ft |
| Size Frontage | 72 Ft |
| Size Irregular | 0.342 |
| Size Total | 0.342 Ac|under 1/2 Acre |
| Size Total Text | 0.342 Ac|under 1/2 Acre |
| Zoning Description | R4 |
Utilities
| Cable | Available |
https://www.realtor.ca/real-estate/25498399/42-pearl-street-st-thomas
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May 31 2023 09:56:35
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty, Brokerage