25 Station Street, St. Thomas ON

About 25 Station Street

Fantastic investment opportunity in the growing city of St. Thomas! This 1.5-storey legal triplex offers strong income with long-term tenants in place and significant upside as current rents are well below market. The property features three units plus a bonus detached shop that is leased for additional monthly revenue. The main front 2-bedroom unit has been fully updated with new flooring, trim, lighting, doors, hardware, a modern kitchen with updated appliances (fridge, stove, dishwasher, washer & dryer), and a stylish bathroom with a tiled shower. The upper studio unit has also been renovated and includes a gas fireplace, with the potential to convert it into a 1-bedroom by adding a wall. The rear 1-bedroom unit is efficiently heated with electric baseboards. Tenants pay separately metered hydro. The landlord pays water and heat for the main and upper units. Rents: 2-bedroom at $1,650, 1-bedroom at $666.25, and studio at $556.58. The detached rear shop provides an additional $515/month. One tenant is on a lease; the other two are month-to-month. Major improvements include: new roof and underlayment (2022), furnace replaced (2017), owned water heaters (2016), fresh exterior painting, and a new window in Unit A. A small lot across the street (26 Station St) is included in the sale, offering 3 extra parking spaces for a total of 4-5. This is a turnkey, low-maintenance income property with excellent future potential in a high-demand rental area. A great addition to any investor s portfolio. (id:56071). Get more information on 25 Station Street

Property Features

Appliances:  Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
Rental Equipment:  
Directions:  Cross Streets: Between Kains St and Meda St. ** Directions: Turn north on St Catharine St off of Talbot, take your first exit at the round-about, make a left on Station St, house is on the left.
Zoning Description:  RES
Interior Size:  2000 - 2500 sqft
Lot:  42 x 120 FT 42 x 120 FT
Exterior Finish:  Aluminum siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 
Foundation: Concrete
Basement:  Crawl space (Unfinished) Unfinished

Rooms & Sizes