Matthew Tenk
Broker of Record
33 Station Street St. Thomas, Ontario N5P 2X1
$1,075,000
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. (id:39551)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X9053887 |
| Property Type | Multi-family |
| Community Name | NW |
| Amenities Near By | Public Transit |
| Parking Space Total | 6 |
Building
| Bathroom Total | 6 |
| Fireplace Present | No |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 4326 Sqft |
| Size Interior | 4326 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 120 Ft |
| Size Frontage | 64 Ft ,4 In |
| Size Irregular | Bldg=64.41 X 120 Ft |
| Size Total Text | Bldg=64.41 X 120 Ft |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/27212617/33-station-street-st-thomas-nw
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London and St. Thomas Association of REALTORS®
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October 18 2024 04:51:22
