53 Gladstone Avenue N St. Thomas, Ontario - MLS#: X8303192
$724,900
Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What's more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means investing with multinational corps like Volkswagen & Amazon etc. You don't want to miss out on this one! (id:51158)
MLS# X8303192 – FOR SALE : 53 Gladstone Ave N Sw St. Thomas – 4 Beds, 4 Baths Fourplex ** Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What’s more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means investing with multinational corps like Volkswagen & Amazon etc. You don’t want to miss out on this one! (id:51158) ** 53 Gladstone Ave N Sw St. Thomas **
⚡⚡⚡ Disclaimer: While we strive to provide accurate information, it is essential that you to verify all details, measurements, and features before making any decisions.⚡⚡⚡
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Property Details
| MLS® Number | X8303192 |
| Property Type | Single Family |
| Community Name | SW |
| Parking Space Total | 4 |
About 53 Gladstone Avenue N, St. Thomas, Ontario
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Appliances | Water Heater, Dryer, Refrigerator, Stove, Two Stoves, Washer |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Vinyl Siding |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Brick, Stone, Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 66 X 57 Ft |
| Size Total Text | 66 X 57 Ft|under 1/2 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 3.7 m | 1.7 m | 3.7 m x 1.7 m |
| Flat | Bedroom | 3.04 m | 4.2 m | 3.04 m x 4.2 m |
| Flat | Bedroom | 2.4 m | 3.35 m | 2.4 m x 3.35 m |
| Flat | Kitchen | 3.04 m | 2.1 m | 3.04 m x 2.1 m |
| Flat | Kitchen | 3.04 m | 3.35 m | 3.04 m x 3.35 m |
| Flat | Bedroom | 3.04 m | 2.4 m | 3.04 m x 2.4 m |
| Flat | Kitchen | 3.96 m | 2.7 m | 3.96 m x 2.7 m |
| Flat | Living Room | 3.9 m | 5.18 m | 3.9 m x 5.18 m |
| Flat | Bedroom | 4.05 m | 3.6 m | 4.05 m x 3.6 m |
| Flat | Kitchen | 3.9 m | 2.7 m | 3.9 m x 2.7 m |
| Main Level | Bathroom | 3.45 m | 2.1 m | 3.45 m x 2.1 m |
| Main Level | Bathroom | 2.26 m | 2.03 m | 2.26 m x 2.03 m |
https://www.realtor.ca/real-estate/26844139/53-gladstone-avenue-n-st-thomas-sw
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May 14 2024 05:54:43
Toronto Real Estate Board
Blue Forest Realty Inc.