109 Ross Street,St. Thomas, ON N5R3X8
St. Thomas, ON N5R3X8
Description
Brand new purpose-built 4-plex in the growing city of St. Thomas, just minutes to London, the 401, and a short drive to Port Stanley beaches. With major employers like the new VW EV battery plant and Amazon fulfillment center, St. Thomas is experiencing rapid growth making this is a smart investment or ideal multi-generational living option. Each side-by-side unit offers a mirrored main-floor unit with 3 bedrooms, 2.5 baths, open-concept layout, and walkout to the rear parking. Upper units feature 3 bedrooms plus a den, 2.5 baths, and scenic top-floor views. All four units boast high ceilings, quartz countertops, upgraded lighting, separate laundry, and brand new, never-used appliances. Separately metered and completely vacant, the building offers 5 rear parking spaces and 2 sewer and water connections. With market rental rates estimated at $2,600/month per upper & $2300 /month per lower, this property projects a strong 6.9% cap rate an ideal opportunity for investors looking to secure cash flow in a high-demand rental market. (id:13843)
Details
| MLS# | X12080400 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Days On Site | 14 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | HALEY GEDDES |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 12 Total |
| Basement | Y |
| Story(s) | 3 |
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Learn More About This Property
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5R3X8 |
| Listing VS Median (in N5R3X8) | |
Price: $1,699,900 low | high Med: $0 On site: 14 low | high Med: | |