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Tony & Ledi Real Estate Team

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

Est. payment | -/mo

3 Beds

3 Baths

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Est. payment | -/mo

Save Virtual Tour

3 Beds

3 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision St. Thomas

MLS Listing ID X14085164

Style 1 1/2 Storey

Bedrooms 3

Annual Tax Amount $2,290

Tax Year 2025

Property Sub-Type Detached

Property Description

INVESTMENT OPPORTUNITY! Legal 1 1/2 - storey duplex offering 2 self-contained units, ideally located in northwest St. Thomas, just 2 blocks from downtown! The freshly updated main-floor unit features 2 bedrooms, living and dining rooms, 4-piece bath and laundry. Lower level offers an additional legal bedroom, living area and ample storage. The upper unit has been extensively renovated with updated flooring, windows and fresh paint. Ideal for investors or first-time buyers wishing to live in one unit while generating rental income from the other! Potential gross annual income of $36,000, estimated expenses of $5,000 and projected net operating income of $31,000 before debt servicing. Approximate 5.96% cap rate at the $519,900 asking price. Mutual driveway with ONE parking space. Just a 5-minute drive to June Rose Callwood Public School. An excellent opportunity to build equity! Easy to show!

Location

Province ON

County Elgin

Area Elgin

Zoning R4

Rooms

Family Room No

Basement Full, Finished

Kitchen 2

Interior

Interior Features Floor Drain, Separate Hydro Meter, Storage Area Lockers, Upgraded Insulation, Water Heater, Water Meter, Workbench

Cooling Central Air

Exterior

Exterior Feature Patio, Paved Yard, Porch, Year Round Living

Parking Features Mutual

Pool None

View Clear, Downtown, Park/Greenbelt

Roof Type Asphalt Shingle

Lot Frontage 35.0

Lot Depth 73.25

Total Parking Spaces 1

Building

Building Age 100+

Foundation Concrete Block, Stone

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

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Listed by ROYAL LEPAGE TRILAND REALTY

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2.5 Antrim ST St. Thomas, ON N5P 1S3