73 days on Market

33 Station St, St. Thomas, Ontario N5P 2X1

$1,075,000
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Townhouse
9 + 3
6
~3500-5000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$261/sqft

Est. Mortgage$4,617/mo

Tax Amount (2023)$4,659/yr

Days On Market73 days


Description

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.


Property Details

Style2 1/2 Storey
View-
Age of property100+
SqFt~3500-5000 SqFt
Lot Size7,729 SqFt(120 x 64.41)
Parking Spaces6
MLS ®NumberX9344483
Community NameSt. Thomas
Data SourceTRREB

Features

Heating: Radiant
Basement: Full, Unfinished

Features

Lot size: 7,729 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property History

Now
ListedFor Salefor$1,075,000Active
73 days on market
Listing by trreb®
history photo preview31
Feb 4, 2022
ListedFor Salefor$699,900Sold for$•••,•••
Stayed 102 days on market
Listing by itso®
history photo preview2
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Property listed by KELLER WILLIAMS LIFESTYLES, Brokerage
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