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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 524,999

Est. payment | -/mo

3 Beds

3 Baths

Save

$ 524,999

Est. payment | -/mo

Save

3 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision St. Thomas

MLS Listing ID X12853090

Style 2-Storey

Bedrooms 3

Annual Tax Amount $2,394

Tax Year 2025

Property Sub-Type Triplex

Property Description

An outstanding opportunity to own a well-maintained and thoughtfully updated triplex offering excellent income potential and long-term stability. This fully tenanted property features three self-contained 1-bedroom units, private outdoor spaces, and numerous capital improvements throughout.Unit 1 - Main Floor Front Bright 1-bedroom unit with covered front porch. Long-term month-to-month tenant currently paying $698/month + hydro.Unit 2 - Upper Unit Spacious 1-bedroom unit with private balcony. Currently leased at $1,035.32/month + hydro.Unit 3 - Main Floor Back Fully renovated to open-concept design in 2023, this stylish 1-bedroom unit offers a covered porch and large private rear deck. Leased at $1,600/month. Additional income generated by coin-operated washer and dryer (installed 2021), averaging approximately $800-$1,000 annually.Extensive updates provide peace of mind, including:Shingles (2019)Main porch railing (2020)Front door with keyless entry (2020)Most windows replaced Main floor front unit renovation (2020) with new flooring, paint, trim, and bathroom updates Upper unit flooring updates (2021)New furnace with dual heat control (November 2021)Owned water heaters The property offers two driveways with a total of three parking spaces. Covered porches and private outdoor areas enhance tenant appeal.A solid addition to any investment portfolio, offering reliable rental income, strong tenancy, and significant recent improvements.

Location

Province ON

County Elgin

Area Elgin

Zoning R4

Rooms

Family Room Yes

Basement Separate Entrance

Kitchen 3

Interior

Interior Features Water Heater Owned

Cooling Central Air, Wall Unit(s)

Inclusions 3 Fridges, 3 Stoves, Washer, Dryer

Exterior

Pool None

Roof Type Shingles

Lot Frontage 58.5

Lot Depth 83.5

Total Parking Spaces 3

Building

Foundation Concrete Block

Others

Senior Community No

ParcelsYN No

Listed by BLUE FOREST REALTY INC.

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23 Barnes ST St. Thomas, ON N5R 2V4