$1,135,000
$1,225,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
14 Beds
7 Baths
5,896 SqFt
SOLD DATE : 11/06/2024
Key Details
Sold Price $1,135,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 5,896 sqft
Price per Sqft $192
MLS Listing ID 40638381
Sold Date 11/06/24
Bedrooms 14
Abv Grd Liv Area 5,896
Originating Board Brantford
Year Built 1983
Annual Tax Amount $4,220
Property Description
A great opportunity to invest in a fully renovated 4plex on the outskirts of picturesque St. Thomas! With recently updated interiors and exteriors, it’s ready for new ownership with no additional work required. Each of the four spacious units is designed with a modern layout, and ample parking is available for tenants and their guests. The property is well-maintained and boasts a strong rental income of $109,200 per year, supported by responsible tenants who value their homes and keep the property in excellent condition. Positioned in a quiet area just outside St. Thomas, it combines the best of both worlds: a serene setting with easy access to local amenities and main transportation routes. This 4plex is ideal for both new investors looking to break into the market and experienced ones seeking to expand their portfolio. Don’t miss this chance to secure a sound and profitable investment.
Location
Province ON
County Elgin
Area Malahide
Zoning HR
Direction North on Springwater Rd from Talbot Line
Rooms
Basement None, Sump Pump
Kitchen 0
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Waterfront No
Roof Type Metal
Lot Frontage 125.42
Lot Depth 203.86
Garage No
Building
Lot Description Rectangular, Ample Parking, Open Spaces, Quiet Area
Faces North on Springwater Rd from Talbot Line
Story 2
Foundation Slab
Sewer Septic Tank
Water Municipal
Level or Stories 2
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 352890154
Ownership Freehold/None
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