79 St Catharine ST new

St. Thomas,ON N5P 2V9

$ 434900

3 Beds

2 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision St. Thomas

MLS Listing ID X12263713

Style 1 1/2 Storey

Bedrooms 3

Building Age 100+

Annual Tax Amount $1,842

Tax Year 2025

Property Sub-Type Duplex

Property Description

Investor Alert! This well-maintained duplex presents an excellent opportunity with projected annual rental income of $34,000+ and a solid 7.0% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently rented at $1,486/month + utilities. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and is currently vacant, perfect for setting market rent or moving in and letting the other unit cover part of your mortgage. Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this turnkey duplex checks all the boxes.

Location

Province ON

County Elgin

Community St. Thomas

Area Elgin

Zoning R4

Rooms

Family Room No

Basement Full,Unfinished

Kitchen 1

Interior

Interior Features In-Law Suite,In-Law Capability,Accessory Apartment,Water Heater Owned,Sump Pump

Cooling None

Inclusions 2 x Refrigerators, 2 X Stoves, 1 x Washer and 1 x Dryer.

Exterior

Exterior Feature Deck

Parking Features Street Only

Pool None

Roof Type Asphalt Shingle

Lot Frontage 26.55

Lot Depth 86.76

Building

Foundation Concrete,Concrete Block

Others

Senior Community No

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