53 Gladstone Avenue, St. Thomas, ON
Property no longer active
This property was sold on October 11, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of St. Thomas. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $699,900 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.
- 4 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Premium 66 x 53 ft lot size
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient forced air heating via gas
Description
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 tapping into the promising trajectory of St. Thomas. With the city witnessing significant investments from renowned multinational corporations like Amazon and Volkswagen, the long-term prospects for growth and appreciation are compelling. *Interior photos are from 2022 when the renovations completed* Don't miss out on this strategic portfolio piece that promises not only immediate returns but also the potential for substantial appreciation in the thriving St. Thomas market. Schedule a viewing today and secure your stake in this lucrative opportunity!
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Property Summary
This multiplex located at 53 Gladstone Avenue, St. Thomas is currently for sale and has been available on SousaSells for 745 days. This property is listed at $699,900 with an estimated mortgage of $2,330* per month. It has 4 beds, 4 bathrooms, and is unknown square feet. 53 Gladstone Avenue, St. Thomas is in the St. Thomas neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 53 Gladstone Avenue, St. Thomas, ON N5R 2L7
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. Thomas, ON
For a property listed at $699,900 in St. Thomas, the legal minimum down payment is $44,990 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 $10,473 for this transaction. As this listing is in St. Thomas (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,473.
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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.