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$538,800

25 STATION STREET, St. Thomas, Ontario, N5P 2W8

MLS® # X12763660

St. Thomas ON, N5P 2W8

MLS® # X12763660

Property Information:

Fantastic investment opportunity in the growing city of St. Thomas! This 1.5-storey legal triplex offers strong income with long-term tenants in place and significant upside as current rents are well below market. The property features three units plus a bonus detached shop that is leased for additional monthly revenue. The main front 2-bedroom unit has been fully updated with new flooring, trim, lighting, doors, hardware, a modern kitchen with updated appliances (fridge, stove, dishwasher, washer & dryer), and a stylish bathroom with a tiled shower. The upper studio unit has also been renovated and includes a gas fireplace, with the potential to convert it into a 1-bedroom by adding a wall. The rear 1-bedroom unit is efficiently heated with electric baseboards. Tenants pay separately metered hydro. The landlord pays water and heat for the main and upper units. Rents: 2-bedroom at $1,650, 1-bedroom at $666.25, and studio at $556.58. The detached rear shop provides an additional $515/month. One tenant is on a lease; the other two are month-to-month. Major improvements include: new roof and underlayment (2022), furnace replaced (2017), owned water heaters (2016), fresh exterior painting, and a new window in Unit A. A small lot across the street (26 Station St) is included in the sale, offering 3 extra parking spaces for a total of 4-5. This is a turnkey, low-maintenance income property with excellent future potential in a high-demand rental area. A great addition to any investor's portfolio. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Development: Unfinished
  • Basement Type: Crawl space
  • Exterior Finish: Aluminum siding
  • Floor Space: 2000 - 2500 sqft
  • Foundation Type: Concrete
  • Heating Type: Baseboard heaters, Forced air, Not known
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 3
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 120 Feet
  • Lot Frontage: 42 Feet
  • Lot Size: 42 x 120 FT
  • Zoning: RES
  • Sewer: Sanitary sewer
  • Parking Type: Carport, No Garage
  • No. of Parking Spaces: 4

Courtesy of: EXP REALTY

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 25 STATION STREET, St. Thomas, Ontario, N5P 2W8

Demographic Information of 25 STATION STREET, St. Thomas, Ontario, N5P 2W8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$72,553.86

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.51 %

High school certificate or equivalent

40.63 %

Apprenticeship trade certificate/diploma

4.22 %

College/non-university certificate

20.59 %

University certificate (below bachelor)

0.05 %

University Degree

7.0 %

Commuter

Travel To Work

By Car

88.27 %

By Public Transit

0.0 %

By Walking

5.38 %

By Bicycle

0.0 %

By Other Methods

6.35 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

43.26 %

Houses

56.74 %

Own Vs. Rent