Welcome to this remarkable ["Bungalow"] multiplex located in the coveted neighborhood of St. Thomas. Expertly crafted featuring premium wood and vinyl siding construction, this residence presents an exceptional opportunity offered at $549,000 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.
Attention investors! Seize the opportunity to own a fully rented, cash-flowing fourplex in an excellent location. This well-maintained property features 2 one-bedroom units & 2 two-bedroom units, completely rented out. Unit #1: $1,300/month (fully renovated in 2022)Unit #2: $1,000/month, Unit #3: $465/month (tenant pays electricity)Unit #4: $750/month, a total annual rent of $42,180, ensuring immediate profitability. Updates include; New steel roof installed in 2024, New water heater in 2024 and new furnace in 2022 and a new walkway in 2022, enhancing curb appeal and property accessibility. Situated just a couple of blocks from the vibrant shops on Talbot Street and the Horton Farmers Market, this property offers convenience and charm. St. Thomas continues to grow and with Volkswagen set to build the new battery cell Gigafactory in 2027, now is the perfect time for first-time investors or seasoned professionals to expand their portfolio to get into the market!
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Data-driven valuation for 74 MANITOBA Street, St. Thomas, ON N5P 3A4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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