Size
-
Lot size
718.05 sqm
Street frontage
N
Possession
FLEXIBLE
Price per sqm
$2,419 - $3,461
Taxes
$4,658.61 (2023)
Parking Type
-
Style
2 1/2 Storey
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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.
EXTRAS:
EXTRAS:
Broker: KELLER WILLIAMS LIFESTYLES
MLS®#: X9344483
Property details
Parking:
6
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
2 1/2 Storey
MLS Size:
325-465 sqm
Lot front:
19.51 M
Lot depth:
36.58 M
Listed on:
Sep 12, 2024
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Instant estimate:
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$45,470
lower than listed pricei
High
$1,148,779
Mid
$1,079,430
Low
$1,050,066