Property Details

33 STATION STREET, St. Thomas, Ontario, N5P2X1

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For sale, ID#: X9344483
33 STATION STREET
St. Thomas Ontario
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9 + 3 Beds
6 Bath
$1,124,900

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:2471)

Representative for 33 STATION STREET, St. Thomas, Ontario, N5P2X1
Sales Representative,
Dan
519-438-8000
Property Details
  • Property Address: 33 STATION STREET, St. Thomas, Ontario, N5P2X1
  • Community Name: NW
  • Property Type: Multi-family
  • Zoning Description: R4
  • Lot Size: 64.4 x 120 FT
  • Acreage: 64.4 x 120 FT|under 1/2 acre
  • Sewage Type: Sanitary sewer
  • Water Type: Municipal water
  • Total Parking Spaces: 6
  • Amenities Nearby: Public Transit, Place of Worship, Schools, Park
Structure Details
  • Structure Style: Other
  • Storeys: 2.5
  • Floor Space: 3499.9705 - 4999.958 sqft
  • Bedrooms: 9 + 3
  • Bathrooms: 6-Total
  • Basement Type: Full (Unfinished)
  • Heating Type: Natural gas, Radiant heat
  • Exterior Type: Brick
  • Foundation Type: Unknown
  • Appliances Included: Water Heater
  • Structures: Porch, Deck
Amenities / Features
  • Cul-de-sac
  • Flat site
  • Lighting
  • Community Centre
Neighbourhood Information

Listing Office: KELLER WILLIAMS LIFESTYLES

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33 STATION STREET, St. Thomas, Ontario, N5P2X1

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