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St. Thomas,ON N5R 2C2
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision Sw
MLS Listing ID X12192203
Style 2-Storey
Bedrooms 5
Annual Tax Amount $2,596
Tax Year 2024
Property Sub-Type Detached
Appx SqFt < 700
Property Description
Welcome to this two-storey home in the heart of St. Thomas an excellent investment opportunity for those looking to expand their real estate portfolio or secure a promising fixer-upper at an attractive price and 6.5% cap rate. Currently tenanted, the property offers immediate rental income, making it a smart choice for investors. Zoned R3, there is also potential for future development or expansion, adding long-term value to this versatile asset. The home features 5 bedrooms and 2 bathrooms, offering ample space and functionality. Located in a desirable area with established rental income and room for future growth, this property is a strong addition to any investment strategy. Whether you're looking for immediate returns or long-term upside, this St. Thomas opportunity is worth your consideration.
Location
Province ON
County Elgin
Community Sw
Area Elgin
Rooms
Family Room Yes
Kitchen 1
Interior
Cooling None
Exterior
Exterior Feature Porch Enclosed
Parking Features Mutual
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Building
Foundation Concrete,Block