Active

33 STATION STREET

St. Thomas Ontario, N5P2X1

C$1,124,900


Active

12 Beds

6 Baths

Residential

 Courtesy of KELLER WILLIAMS LIFESTYLES 

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:41202)

X9344483

MLS ID

October 2, 2024

Updated

Map

33 STATION STREET
St. Thomas Ontario, N5P2X1

Interior Features

Total Stories

2


Bedrooms

12


Total Bathrooms

6


Appliances

Water Heater


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Radiant heat, Natural gas

Exterior/Building Features

Sewer

Sanitary sewer

Other Property Details

Association Amenities

Public Transit, Place of Worship, Schools, Park


Garage

No


Parking Total

6


View

No


Pool

No

Courtesy of KELLER WILLIAMS LIFESTYLES

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