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Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X9043471
Sold Date 09/26/24
Style Bungalow
Bedrooms 4
Annual Tax Amount $3,370
Tax Year 2023
Property Description
Attention investors! Seize the opportunity to own a fully rented, cash-flowing fourplex in an excellent location. This well-maintained property features 2 one-bedroom units & 2 two-bedroom units, completely rented out. Unit #1: $1,300/month (fully renovated in 2022)Unit #2: $1,000/month, Unit #3: $465/month (tenant pays electricity)Unit #4: $750/month, a total annual rent of $42,180, ensuring immediate profitability. Updates include; New steel roof installed in 2024, New water heater in 2024 and new furnace in 2022 and a new walkway in 2022, enhancing curb appeal and property accessibility. Situated just a couple of blocks from the vibrant shops on Talbot Street and the Horton Farmers Market, this property offers convenience and charm. St. Thomas continues to grow and with Volkswagen set to build the new battery cell Gigafactory in 2027, now is the perfect time for first-time investors or seasoned professionals to expand their portfolio to get into the market!
Location
Province ON
County Elgin
Zoning RES
Rooms
Family Room No
Basement Unfinished, Partial Basement
Kitchen 4
Interior
Interior Features Other
Cooling None
Exterior
Garage Other
Pool None
Roof Type Asphalt Shingle
Parking Type None
Building
Foundation Concrete Block
Others
Senior Community No
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