REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 514,000
Est. payment | /mo
3 Beds
$ 514,000
Est. payment | /mo
3 Beds
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision St. Thomas
MLS Listing ID X12354940
Bedrooms 3
Annual Tax Amount $2,910
Tax Year 2024
Property Sub-Type Investment
Property Description
Calling all investors!! This all-brick turnkey TRIPLEX is cash flowing very nicely at current interest rates. All three units feature 1 bedroom and 1 bathroom and comes fully tenanted with A+ tenants. Investors will love the separately metered hydro, water and gas for all units(gas meters for Units 1 & 2, Unit 3 has electric heat and no gas). Units 2 and 3 have had plenty of updates/upgrades in the past 5 years such as floors, kitchens, appliances and lighting fixtures. Unit 1 received a new kitchen, including new fridge, dishwasher and microwave range hood, laminate flooring in kitchen and bathroom, as well as tub surround and bathroom sink just 3 years ago. Unit one also has direct access to a fenced in backyard. Each unit has their own hot water tank and a separate furnace for Units 1 & 2. A shared laundry facility is located in the shared basement area that stays perfectly dry due to moisture barriers installed. Current rents are $820, $1375 and $1100 per month ($39,540 Annually) and tenants cover all utilities other than the common area/basement (landlord pays roughly $30-$50/mo). There is an outdoor fire escape ladder for Units 2 & 3. The time to purchase this amazing TURNKEY investment property is NOW, as St Thomas is poised for growth for years to come with the massive VW Battery Plant currently under construction.
Location
Province ON
County Elgin
Community St. Thomas
Area Elgin
Zoning R4
Rooms
Kitchen 0
Interior
Cooling No
Inclusions Built in microwave, 3 Fridges, 2 Stoves, 1 Dishwasher, 1 Microwave, 1 Washer, 1 Dryer
Exterior
Community Features Recreation/Community Centre
Utilities Available Yes
Lot Frontage 20.25
Lot Depth 106.34
Building
Building Age 100+
New Construction false
Others
Security Features Unknown
ParcelsYN No
Listed by PRIME REAL ESTATE BROKERAGE
GET MORE INFORMATION
