Welcome to this remarkable ["2-Storey"] fourplex located in the coveted neighborhood of St. Thomas. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $429,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
An exceptional opportunity to acquire a solid, income-producing legal 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 while the new owner finds a tenant to occupy the unit. 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 yearly rental income with the property fully tenanted is just under $40,000 with an NOI of just under $30,00 and boasts a potential 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!
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Public Transit, Place Of Worship, School, Library, Park
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 35-37 Kains Street, St. Thomas, ON N5P 1N1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
No schools found within 3 km of this property.
No current listings found in St. Thomas.
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