128 Park Street, St. Marys, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of St. Marys. Expertly crafted featuring premium brick veneer and aluminum siding construction, this residence presents an exceptional opportunity offered at $789,000 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.
- 6 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 147.18 x 49.67 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with window unit(s) central cooling and highly efficient forced air heating via gas
Description
Investment Opportunity - Turnkey Fourplex in the Heart of St. Marys An exceptional opportunity to acquire a well-performing fourplex in one of St. Marys' established residential neighbourhoods. Ideally situated on the prominent corner of Park Street and Wellington Street, 128 Park Street offers investors a stable, income-producing asset with strong financial performance and long-term growth potential. Generating approximately $67,000 in annual gross rental income and boasting a Net Operating Income (NOI) of $48,367, this property is offered at $789,000, presenting an attractive capitalization rate for investors seeking dependable cash flow and future appreciation. Corner lot positioning provides excellent curb appeal, strong tenant appeal, and long-term redevelopment potential, while the property's location offers convenient access to downtown amenities, parks, schools, shopping, and major commuter routes. Whether you're expanding an existing portfolio or acquiring your first multi-family investment, this turnkey fourplex delivers the fundamentals investors are looking for: consistent income, proven performance, and a desirable location in the growing community of St. Marys.
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Property Summary
This fourplex located at 128 Park Street, St. Marys is currently for sale and has been available on SousaSells for 11 days. This property is listed at $789,000 with an estimated mortgage of $2,626* per month. It has 6 beds, 4 bathrooms, and is 3000-3500 square feet. 128 Park Street, St. Marys is in the St. Marys neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 128 Park Street, St. Marys, ON N4X 0C1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Marys, ON
For a property listed at $789,000 in St. Marys, the legal minimum down payment is $53,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,255 for this transaction. As this listing is in St. Marys (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,255.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.