Matthew Tenk
Broker of Record
53 Gladstone Avenue St. Thomas, Ontario N5R 2L7
$724,900
Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What's more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means tapping into the promising trajectory of St. Thomas. With the city witnessing significant investments from renowned multinational corporations like Amazon and Volkswagen, the long-term prospects for growth and appreciation are compelling. *Interior photos are from 2022 when the renovations completed* Don't miss out on this strategic portfolio piece that promises not only immediate returns but also the potential for substantial appreciation in the thriving St. Thomas market. Schedule a viewing today and secure your stake in this lucrative opportunity! (id:39551)
Property Details
| MLS® Number | 40582850 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Quiet Area, Community Centre, School Bus |
| Parking Space Total | 4 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 4 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fireplace Present | No |
| Foundation Type | Block |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1830 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 53 Ft |
| Size Frontage | 66 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/26843411/53-gladstone-avenue-st-thomas
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London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.
May 06 2024 12:10:10
