$629,000

47 FOREST AVENUE, St. Thomas, Ontario, N5R 2J1

MLS® # X12688398

St. Thomas ON, N5R 2J1

MLS® # X12688398

Property Information:

Excellent investment opportunity with this well-maintained legal triplex featuring three spacious 2-bedroom units. Each unit offers very large bedrooms and a private, separate entrance. Beautifully upgraded throughout, the property has been consistently cared for and clearly shows pride of ownership. The building generates strong income with gross rents of $4,343 per month, including revenue from coin-operated laundry. Tenants pay their own hydro and water, helping keep operating expenses low. Additional highlights include six on-site parking spaces, a highly desirable amenity for tenants .Recent upgrades include new wiring throughout, new insulation in the roof, all walls, and basement, a new asphalt roof, and replacement of the main sewer line .An ideal opportunity for investors or owner-occupiers seeking a turnkey, income-producing property. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Vinyl siding
Floor Space: 2500 - 3000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 3
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 120 Feet
Lot Frontage: 52.8 Feet
Lot Size: 52.8 x 120 FT
Zoning: R3
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Courtesy of: BLUE FOREST REALTY INC.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 47 FOREST AVENUE, St. Thomas, Ontario, N5R 2J1

Lifestyle
Neighbourhood

Demographic Information of 47 FOREST AVENUE, St. Thomas, Ontario, N5R 2J1

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$86,516.51

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.57 %

High school certificate or equivalent

38.6 %

Apprenticeship trade certificate/diploma

6.09 %

College/non-university certificate

25.85 %

University certificate (below bachelor)

0.17 %

University Degree

9.71 %

Commuter

Travel To Work

By Car

93.31 %

By Public Transit

0.0 %

By Walking

2.52 %

By Bicycle

0.0 %

By Other Methods

4.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

12.2 %

Houses

87.8 %

Own Vs. Rent