Realestate

Property Details

1 of 68
$429,900
35-37 Kains Street, St. Thomas, ON N5P 1N1
5
4
MLS®X13109744
Property Type
Residential Freehold
Sub Type
Fourplex
Heating
Baseboard
Cooling
None
Lot Size
68.65 x 53.25 Feet
Approx Age
N/A
An exceptional opportunity to acquire a solid, income-producing fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential income with property fully tenanted is just under $40,000 with an estimated cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today!
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