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42 Pearl Street St. Thomas, Ontario N5P 1A0

10 Bedroom 7 Bathroom 8000
None

$1,175,000

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. 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:53488)

Property Details

MLS® Number 40480551
Property Type Multi-family
Amenities Near By Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features School Bus
Parking Space Total 7

Building

Bathroom Total 7
Bedrooms Total 10
Basement Development Unfinished
Basement Type Partial (unfinished)
Cooling Type None
Exterior Finish Brick
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

https://www.realtor.ca/real-estate/26033622/42-pearl-street-st-thomas

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Callista Tryon
Salesperson

(519) 619-8697
(519) 672-5145

Royal LePage Triland Realty, Brokerage
103a-240 Waterloo Street
London, Ontario N6B 2N4

(519) 672-9880
(519) 672-5145
www.royallepagetriland.com

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