Property Details
42 PEARL Street, St. Thomas, Ontario, N5P1A0
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
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
- 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
- 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 Nearby:Place of Worship, Playground, Public Transit, Schools, Shopping
Sales Representative, B.A., ABR, ASA
RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com
Cell: 519-871-8998
Tel: 519-667-1800
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 42 PEARL Street, St. Thomas, Ontario, N5P1A0
- Neighbourhood Information
42 PEARL Street, St. Thomas, Ontario, N5P1A0
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