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St. Thomas,ON N5P 2V9
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