Active
33 STATION STREET
St. Thomas Ontario, N5P2X1
C$1,075,000
C$248.50 per sqft
Active
6 Baths
4,326 sqft
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)
X9053887
MLSⓇ ID
November 22, 2024
Updated
Map
33 STATION STREET
St. Thomas Ontario, N5P2X1
Interior Features
Total Bathrooms
6
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Hot water radiator heat, Natural gas
Exterior/Building Features
Sewer
Sanitary sewer
Other Property Details
Association Amenities
Public Transit
Garage
No
Parking Total
6
View
No
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/18/2024 | Price change | $1,075,000 -5% |
Courtesy of KELLER WILLIAMS LIFESTYLES
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