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Home ON Greater London St. Thomas
33 STATION STREET
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33 STATION STREET $1,075,000
$1,075,000
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33 STATION STREET
St. Thomas, Ontario N5P2X1

MLS® Number: X9053887
6
Bathrooms
4326
Square Feet

Listing Description

Welcome to 33 Station located in growing St. Thomas. This six-unit building offers an exceptional opportunity for savvy investors. Comprised of two three-bedroom units, two two-bedroom units, and two one-bedroom units. This property offers a 6.6% cap rate. Net operating income of $74,725.33, the building features seven hydro meters, one water meter, and one gas meter, ensuring efficient utility management. Recent updates include windows, kitchens, bathrooms, electrical, and plumbing. St. Thomas is experiencing a surge in development, making it a hotspot for investors. Major projects such as the new VW Battery Plant and the Amazon Facility are driving economic growth and attracting a robust workforce. The great tenant profile currently residing in the building offers stability, with room for rent increases, further increasing the propertys income potential. Additionally, theres potential for developing more units in the basement. This property offers a 6.6% cap rate. Interested parties are encouraged to inquire about competitive financing options available. Located in a thriving area with easy access to essential amenities, public transportation, schools, and parks. The combination of solid income, future development opportunities, and a prime location makes this property an excellent addition to any investment portfolio. Dont miss out on this fantastic opportunity. (36266504)

Location Description

STATION STREET & MEDA STREET

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Square Footage
4326 sqft
Community Name
NW
Land Size
Bldg=64.41 x 120 FT
Annual Property Taxes
$4,658.61
Total Parking Spaces
6
Time on REALTOR.ca
104 days

Building

Bathrooms
Total
6
Heating & Cooling
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Business
Business Type
Residential (Apartments)
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
6

Measurements

Square Footage
4326 sqft
Exterior Building Size
4326 sqft

Land

Lot Features
Frontage
64 ft ,4 in
Land Depth
120 ft
Other Property Information
Zoning Description
R4
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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