54 Elizabeth Street St. Thomas, Ontario N5R 2X1
$569,900
Welcome to 54 Elizabeth Street, an exceptional investment opportunity in the heart of St. Thomas. Key features include 4 self contained 1bed/1bath units, a common laundry area with secure keypad access, central A/C, and 3 units with recent cosmetic upgrades, including new kitchens, vinyl flooring and new bathroom fixtures. This turnkey fourplex is situated within walking distance to downtown St. Thomas, tenants will have easy access to multiple grocery stores, bank branches, restaurants, cafes, and bars as well as quick access to public transit. As a bonus for the discerning investors, act fast and secure this property completely vacant by October 1st to set your own market rents and select the best tenants to maximize your investment returns! **** EXTRAS **** Financial Highlights: Potential Rental Income (conservative market rent= 2 units $1050 +hydro, 2 units $1150 inclusive): $52,800/year Total Operating Expenses: $9,585/year. Net Operating Income: $43,215/year. Potential Cap Rate: 7.2% (id:53488)
Property Details
| MLS® Number | X9241691 |
| Property Type | Single Family |
| Community Name | SW |
| Equipment Type | Water Heater |
| Features | Irregular Lot Size, Carpet Free, Sump Pump |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Refrigerator, Stove, Washer, Window Coverings |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 123 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 123 Ft ; 36.03x 52.67 X 7.27x 68.51x 42.12x125.17 |
| Size Total Text | 40 X 123 Ft ; 36.03x 52.67 X 7.27x 68.51x 42.12x125.17|under 1/2 Acre |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/27258045/54-elizabeth-street-st-thomas-sw
Interested?
Contact us for more information
Amanda Mellen
Salesperson
102-145 Wharncliffe Road South
London, Ontario N6J 2K4
(866) 680-1717
www.certainli.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 12 2024 06:11:22
London and St. Thomas Association of REALTORS®
Certainli Realty Inc.
Contact Melanie & Shelby Pearce
Sales Representative for Royal Lepage Triland Realty, Brokerage
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Melanie Pearce
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Shelby Pearce
Phone: 519-639-0228
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MELANIE PEARCE
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