189-191 Ross Street St. Thomas, Ontario N5R 3Y2

$514,999

This PURPOSE BUILT SIDE BY SIDE DUPLEX, located in the booming town of St. Thomas (VW, AMAZON PLANT) has plenty of potential for its next owner to unlock. It currently contains one VACANT UNIT for you to move into or find your own great tenant at marker rents ($1850 as is, or $2200+ with updates) In the upper level of both units you will find 3 bedrooms as well as a full bathroom. A kitchen, nice living area, a flex room and in suite laundry is located on the main level in both units. Both the upper and main level boast 10' ceilings. The basement in 189 is currently unfinished, while 191 is fully finished and conveniently offers both a separate entrance and its own bathroom. Each unit is separately metered for hydro, gas, and water. The roof was updated in 2018. The property currently contains three parking spots and a fenced in storage area behind the home for the tenants belongings. The current owner briefly explored a severance of the two units, which would create two semi-detached homes and there was support from the city. This strategy could definitely provide instant equity for the new owner if they choose to explore this option. Unit 191 has long term tenants on a month to month lease at $1295/mo + utilities. This property would be perfect for both a creative investor or someone looking for their personal home. St. Thomas is the perfect town for an investment property with population projected to grow steadily over the next decade. (id:53488)

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https://www.realtor.ca/real-estate/25981421/189-191-ross-street-st-thomas