Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

35-37 Kains Street, St. Thomas, ON N5P 1N1 (Flora Street)
$ 429900 - MLS : X13109744

From Our Gallery

Description

An exceptional opportunity to acquire a solid, income-producing fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential income with property fully tenanted is just under $40,000 with an estimated cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today!

Location Description

Flora Street

Property Detail

Community: St. Thomas
Property Type: Tenant/Residential Freehold
Bedrooms: 5
Bath: 4
Garages: None
Annual Property Taxes : $ 3341

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Concrete Block
Counstruction Material : Brick
Total Parking Space : 2
Parking Type : None

Amenities

Heating : BaseboardOther
Sewer : Sewer ,

Listing Contracted With: ELGIN REALTY LIMITED

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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