Address: 35-37 KAINS STREET, St. Thomas FOR SALE Postal Code: N5P1N1 Style: Type: Multi-family Fourplex Bedrooms: 5 Bathrooms: 4 Bedrooms Aboveground: 5 Parking: No Garage Garage: No Garage Lot Size: 53 ft ,3 in x 68 ft ,8 in Property Size: 53.3 x 68.7 FT Stories: 2
About 35-37 Kains Street
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:56071). Get more information on 35-37 Kains Street
Property Features
Appliances: Stove, Refrigerator Rental Equipment: Directions: Cross Streets: Flora Street. ** Directions: turn onto Kains Street, property is on the corner of Flora and Kains. Zoning Description: R3 Interior Size: 2500 - 3000 sqft Amenities: Separate Electricity Meters Lot: 53.3 x 68.7 FT 53.3 x 68.7 FT Exterior Finish: Brick Water: Municipal water, Sanitary sewer Heating / Cooling: Other / None Age: Foundation: Block Basement: N/A (Unfinished) Unfinished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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FOR SALE
FOR SALE
NEW LISTING
FOR SALE