Homes for sale - 33 Station ST, St. Thomas, ON N5P 2X1

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Raafat Metwaly

raafat@raafat.ca +1(647) 461-3580

$1,075,000

Est. payment - /mo

9 Beds

6 Baths

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UPDATED:

10/18/2024 04:11 PM

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

MLS Listing ID X9344483

Style 2 1/2 Storey

Bedrooms 9

Annual Tax Amount $4,658

Tax Year 2023

Property Description

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.

Location

Province ON

County Elgin

Area Nw

Rooms

Family Room Yes

Basement Unfinished, Full

Kitchen 5

Separate Den/Office 3

Interior

Interior Features Separate Hydro Meter, Water Heater Owned

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Year Round Living, Lighting, Porch, Deck

Garage Private

Garage Spaces 6.0

Pool None

Waterfront No

Roof Type Asphalt Shingle

Topography Flat

Total Parking Spaces 6

Building

Unit Features Public Transit,Rec./Commun.Centre,Place Of Worship,School,Park,Cul de Sac/Dead End

Foundation Unknown

Others

Security Features Smoke Detector

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Listed by KELLER WILLIAMS LIFESTYLES

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Raafat Metwaly

+1(647) 461-3580

Broker | License ID: 4771063

Broker License ID: 4771063

33 Station ST St. Thomas, ON N5P 2X1

Raafat Metwaly

Raafat Metwaly

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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