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Est. payment /mo
Active
35-37 Kains ST St. Thomas, ON N5P 1N1
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision St. Thomas
MLS Listing ID X13109744
Style 2-Storey
Bedrooms 5
Annual Tax Amount $3,341
Tax Year 2025
Property Sub-Type Fourplex
Property Description
An exceptional opportunity to acquire a solid, income-producing legal fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September while the new owner finds a tenant to occupy the unit. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential yearly rental income with the property fully tenanted is just under $40,000 with an NOI of just under $30,00 and boasts a potential cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today!
Location
Province ON
County Elgin
Area Elgin
Zoning R3
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling None
Inclusions Four refrigerators and four stoves, Carbon Monoxide Detector, Smoke Detector
Exterior
Exterior Feature Porch, Privacy
Pool None
Roof Type Asphalt Shingle
Lot Frontage 53.25
Lot Depth 68.65
Total Parking Spaces 2
Building
Foundation Concrete Block
Others
Senior Community No
ParcelsYN No
Listed by ELGIN REALTY LIMITED
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