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33 Station Street St. Thomas, Ontario N5P 2X1

12 Bedroom 6 Bathroom 3499.9705 - 4999.958 sqft
Radiant 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:53488)

Property Details

MLS® Number X9344483
Property Type Multi-family
Community Name NW
AmenitiesNearBy Public Transit, Place Of Worship, Schools, Park
CommunityFeatures Community Centre
Features Cul-de-sac, Flat Site, Lighting
ParkingSpaceTotal 6
Structure Porch, Deck

Building

BathroomTotal 6
BedroomsAboveGround 9
BedroomsBelowGround 3
BedroomsTotal 12
Amenities Separate Electricity Meters
Appliances Water Heater
BasementDevelopment Unfinished
BasementType Full (unfinished)
ExteriorFinish Brick
FireProtection Smoke Detectors
FoundationType Unknown
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 3
SizeInterior 3499.9705 - 4999.958 Sqft
Type Other
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit, Place Of Worship, Schools, Park
Sewer Sanitary Sewer
SizeDepth 120 Ft
SizeFrontage 64 Ft ,4 In
SizeIrregular 64.4 X 120 Ft
SizeTotalText 64.4 X 120 Ft|under 1/2 Acre
ZoningDescription R4

Utilities

Cable Installed
Sewer Installed

https://www.realtor.ca/real-estate/27401501/33-station-street-st-thomas-nw

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