Property Details

42 PEARL Street, St. Thomas, Ontario, N5P1A0

42 PEARL Street, St. Thomas, Ontario, N5P1A0 (ID 40406975)
Representative
Sherry Farid portrait
Sherry Farid
Sales Representative, B.A., ABR, ASA
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-871-8998
Tel: 519-667-1800

$1,300,000 - For sale

ID#:40406975

UNIQUE SEVENPLEX INVESTMENT OPPORTUNITY ON A LARGE LOT IN THE DOWNTOWN CORE OF ST. THOMAS. THIS WELL MAINTAINED, LOW MAINTENANCE APARTMENT BUILDING FEATURES FOUR-ONE BEDROOM UNITS AND THREE-TWO BEDROOM UNITS. UPDATES WITHIN THE LAST FOUR YEARS INCLUDE A NEW ROOF, NEW SOFFIT, FASCIA AND EAVESTROUGH, THREE RENOVATED UNITS AND RENOVATED COMMON AREA HALLWAYS. UP TO DATE FIRE INSPECTION. THE GROSS RENT REVENUE IS $80,513.28 WITH THE POTENTIAL TO UPSIDE TO CURRENT MARKET RENTS. THERE IS ALSO POTENTIAL TO ADD COIN LAUNDRY OR SEPARATE STORAGE UNITS IN THE UNFINISHED BASEMENT. POSITIONED WITH VISIBILITY AND CHARACTER IN A RAPIDLY GROWING COMMUNITY, THIS PROPERTY IS READY FOR A NEW INVESTOR. (id:2471)

Location DescriptionHEADING WEST ON SCOTT STREET, TURN RIGHT ONTO PEARL STREET

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Property Details
  • Property Address:42 PEARL Street, St. Thomas, Ontario, N5P1A0
  • Property Type:Multi-family
  • Title:Freehold
  • Lot Size:0.342 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
Structure Details for 42 PEARL Street, St. Thomas, Ontario, N5P1A0
  • Bedrooms:10
  • Bathrooms:7
  • Floor Space:8000
  • Style:Detached
  • Storeys:3
  • Basement Type:Partial (Unfinished)
  • Foundation Type:Poured Concrete
  • Cooling Type:None
  • Exterior Type:Brick
Amenities for 42 PEARL Street, St. Thomas, Ontario, N5P1A0 School Bus
  • Amenities Nearby:Place of Worship, Playground, Public Transit, Schools, Shopping
Representative
Sherry Farid portrait
Sherry Farid
Sales Representative, B.A., ABR, ASA
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-871-8998
Tel: 519-667-1800
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42 PEARL Street, St. Thomas, Ontario, N5P1A0

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