119 Erie St

St. Thomas

119 Erie St
119 Erie St
119 Erie St
+24
6+2
 bed
4
 bath
6
 parking
2500 - 3000
 sqft
Multiplex
$1,099,500
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$1,099,500
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Size
-
Lot size
617.06 sqm
Street frontage
S
Possession
immediate
Price per sqm
$3,941 - $4,739
Taxes
$4,725.16 (2024)
Parking Type
Detached Garage
Style
2-Storey
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Description
Welcome to this beautifully updated 4plex, perfectly situated in a family-friendly neighborhood. Each of the four 2-bedroom units offers a blend of modern upgrades and timeless charm, making this property a standout investment opportunity or a wonderful place to call home. Step inside to find beautifully refinished wood floors that add warmth and character to each unit. The kitchens are thoughtfully designed, featuring granite or quartz countertops that provide both style and durability. Pride of ownership is evident throughout, with each unit meticulously maintained and updated to ensure comfort and satisfaction. Outside, tenants can enjoy a shared fenced yard, complete with a charming gazebo perfect for outdoor gatherings or peaceful relaxation. The property also boasts a durable metal roof and a new water furnace, adding to the long-term value and efficiency of the home. With four parking spaces and a double garage, there's plenty of room for tenants to park and store belongings. This 4plex is not just a place to live, it's a community where families can thrive. Don't miss this rare opportunity to own a beautifully updated multi-unit property in a sought-after neighborhood. Schedule a viewing today and see for yourself the quality and care that sets this 4plex apart. Financial information , hydro for basement and water is between 284 to 350 per month, Gas is not on budget and runs between $54 and $200 per month. Rental income currently is $61,404 gross, with potential of $79200. Income for laundry ranges from $132 to $214, but expected increase with 2 new tenants in the main part of house.

EXTRAS: Rents for front of 4plex are 1800 and 1600 and the back portion are 897 and 820. First 2 on lease until fall of 2025, and last 2 are month to month long term tenants. Only unit 2 has central air. Tenants pay hydro. Each unit approx 850sf
Broker: ELGIN REALTY LIMITED
MLS®#: X9269154
Property details
Parking:
6
Parking type:
Detached Garage
Property type:
Multiplex
Heating type:
Water
Style:
2-Storey
MLS Size:
232-279 sqm
Lot front:
16.46 M
Lot depth:
37.49 M
Listed on:
Aug 27, 2024
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Instant estimate:
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$31,051
lower than listed price
i
High
$1,137,092
Mid
$1,068,449
Low
$1,039,383
Anne Wilson
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: X9269154
Listed by ELGIN REALTY LIMITED

About 119 Erie St

119 Erie St is a St. Thomas multiplex for sale, near Third Ave. This 2500-3000 sqft multiplex was listed at $1099500 in August 2024 and has 6+2 beds and 4 bathrooms.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this multiplex.

Getting around the area will require a vehicle, as there are no nearby transit stops.