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$799,900
Available - For Sale
Listing ID: X11952100
Attention Investors! Turnkey 4-Plex with POSITIVE CASH FLOW! This fully rented income-generating 4-plex in fast-growing St. Thomas is an exceptional opportunity for investors seeking strong returns. With an annual rental income of $71,160 and a Net Operating Income of $61,385, this property is already producing positive cash flow and requires minimal maintenance.The building features three recently updated 2-bedroom units and one 1-bedroom unit, each offering modern finishes and upgrades. The main-floor 2-bedroom unit has been refreshed with an updated kitchen, featuring new cabinet doors, countertops, sink, and faucet, along with an updated laundry area. New vinyl flooring extends through the eat-in kitchen and hallway, while the living room and bedrooms boast hardwood floors. The bathroom has also been upgraded, adding to the units appeal.The basement 2-bedroom unit has been updated with new vinyl flooring throughout, new laundry machines, and a modernized kitchen and bathroom, ensuring a comfortable living space for tenants. The upper-level 2-bedroom unit has undergone a complete renovation, including a brand-new kitchen with new cabinets, countertops, tiled backsplash, sink, faucet, and appliances. The bathroom has been fully modernized with a new vanity, faucet, and tiled shower, while new vinyl flooring extends throughout the unit. The 1-bedroom unit remains well-maintained and continues to attract stable tenancy.With 4-car parking and a prime location within walking distance of shops, restaurants, cafes, parks, trails, and schools, this property offers both convenience and long-term investment stability. St. Thomas is experiencing rapid growth, making this the perfect time to invest in a high-demand rental market. Don't miss out on this turnkey investment opportunity.schedule your showing today!
Price $799,900
Taxes: $2,828
Address: 48.5 Mitchell St , St. Thomas, N5R 2T9, Ontario
Lot Size: 33 x 123.29 (Feet)
Acreage: < .50
Directions/Cross Streets: East along Talbot St, south into Southwick St, East into Mitchell St
Rooms: 3
Rooms +: 2
Bedrooms: 5
Bedrooms +: 2
Washrooms: 4
Kitchens: 3
Kitchens +: 1
Family Room: N
Basement: Finished
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  4 Upper
Washroom 3:  4 2nd
Washroom 4:  3 Lower
Property Type: Fourplex
Style: 2 1/2 Storey
Exterior: Alum Siding
Brick
Garage Type: None
(Parking/)Drive: Mutual
Drive Parking Spaces: 4
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Water
Central Air Conditioning: None
Central Vac: N
Sewers: Sewers
Water: Municipal
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SUTTON GROUP - SELECT REALTY

48.5 Mitchell St , St. Thomas, N5R 2T9, Ontario

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Fourplex
Area: Elgin
Municipality: St. Thomas
Neighbourhood: St. Thomas
Style: 2 1/2 Storey
Lot Size: 33.00 x 123.29(Feet)
Approximate Age:
Tax: $2,828
Maintenance Fee: $0
Beds: 5+2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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