ON
St. Thomas
N5P1N1
35-37 Kains Street
35-37 Kains Street, St. Thomas, ON N5P1N1
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Listing Type
Multi Family
Listing Status
Active
38
$429,900

Home Details for 35-37 Kains Street

Price
$429,900
Type
Residential Income
Bedrooms
5
Total Bathrooms
4
Listing #
X13109744
Property Description

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! (id:31684)

Property Features
  • Heating Information
    • Baseboard
    • Radiant
  • Cooling Information
    • None
Listing Courtesy: ELGIN REALTY LIMITED
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100A-22499 Jefferies Road, Komoka, ON N0L 1R0
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