$779,900
Available - For Sale
Listing ID: X12014307
48.5 Mitchell St , St. Thomas, N5R 2T9, Ontario
| Attention Investors! Turnkey 4-Plex with POSITIVE CASH FLOW! This fully rented income-generating 4-plex in fast-growing St. Thomas is an exceptional opportunity for investors seeking strong returns. With an annual rental income of $71,160 and a Net Operating Income of $61,385, this property is already producing positive cash flow and requires minimal maintenance.The building features three recently updated 2-bedroom units and one 1-bedroom unit, each offering modern finishes and upgrades. The main-floor 2-bedroom unit has been refreshed with an updated kitchen, featuring new cabinet doors, countertops, sink, and faucet, along with an updated laundry area. New vinyl flooring extends through the eat-in kitchen and hallway, while the living room and bedrooms boast hardwood floors. The bathroom has also been upgraded, adding to the units appeal.The basement 2-bedroom unit has been updated with new vinyl flooring throughout, new laundry machines, and a modernized kitchen and bathroom, ensuring a comfortable living space for tenants. The upper-level 2-bedroom unit has undergone a complete renovation, including a brand-new kitchen with new cabinets, countertops, tiled backsplash, sink, faucet, and appliances. The bathroom has been fully modernized with a new vanity, faucet, and tiled shower, while new vinyl flooring extends throughout the unit. The 1-bedroom unit remains well-maintained and continues to attract stable tenancy.With 4-car parking and a prime location within walking distance of shops, restaurants, cafes, parks, trails, and schools, this property offers both convenience and long-term investment stability. St. Thomas is experiencing rapid growth, making this the perfect time to invest in a high-demand rental market. Don't miss out on this turnkey investment opportunity. Schedule your showing today! |
| Price | $779,900 |
| Taxes: | $2828.00 |
| Address: | 48.5 Mitchell St , St. Thomas, N5R 2T9, Ontario |
| Lot Size: | 33.00 x 123.29 (Feet) |
| Acreage: | < .50 |
| Directions/Cross Streets: | Southwick St |
| Rooms: | 3 |
| Rooms +: | 2 |
| Bedrooms: | 5 |
| Bedrooms +: | 2 |
| Kitchens: | 3 |
| Kitchens +: | 1 |
| Family Room: | N |
| Basement: | Finished |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 4 | Upper |
| Washroom Type 3 | 4 | 2nd |
| Washroom Type 4 | 3 | Lower |
| Property Type: | Fourplex |
| Style: | 2 1/2 Storey |
| Exterior: | Alum Siding, Brick |
| Garage Type: | None |
| (Parking/)Drive: | Mutual |
| Drive Parking Spaces: | 4 |
| Pool: | None |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Water |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SUTTON GROUP - SELECT REALTY |
|
|
Samuel Okafor
Sales Representative
Dir:
416-414-7577
Bus:
416-414-7577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Elgin |
| Municipality: | St. Thomas |
| Neighbourhood: | St. Thomas |
| Style: | 2 1/2 Storey |
| Lot Size: | 33.00 x 123.29(Feet) |
| Tax: | $2,828 |
| Beds: | 5+2 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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