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$ 434,900
Est. payment /mo
Active
79 ST CATHARINE STREET St. Thomas, ON N5P2V9
3 Beds
2 Baths
1,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $395
Subdivision St. Thomas
MLS® Listing ID X12263713
Bedrooms 3
Source London and St. Thomas Association of REALTORS®
Property Description
Investor Alert! This well-maintained duplex presents an excellent opportunity with annual rental income of $34,332 and a solid 7.1% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently month-to-month at $1,486/month + utilities. Month to month tenants provide the flexibility of moving in and letting the other unit cover part of your mortgage. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and was just leased for $1375/month + utilities. Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this fully rented duplex checks all the boxes. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 1.5
Sewer Sanitary sewer
Listed by SAKER REALTY CORPORATION