36
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$434,900
Est. payment /mo
3 Beds
2 Baths
Active
79 St Catharine ST St. Thomas, ON N5P 2V9
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision St. Thomas
MLS Listing ID X12263713
Style 1 1/2 Storey
Bedrooms 3
Building Age 100+
Annual Tax Amount $1,842
Tax Year 2025
Property Sub-Type Duplex
Property Description
Investor Alert! This well-maintained duplex presents an excellent opportunity with annual rental income of $34,332 and a solid 7.1% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently month-to-month at $1,486/month + utilities. Month to month tenants provide the flexibility of moving in and letting the other unit cover part of your mortgage. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and was just leased for $1375/month + utilities. Vacant possession of both units is an option as well! Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this fully rented duplex checks all the boxes.
Location
Province ON
County Elgin
Community St. Thomas
Area Elgin
Zoning R4
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 1
Interior
Interior Features In-Law Suite, In-Law Capability, Accessory Apartment, Water Heater Owned, Sump Pump
Cooling None
Inclusions 2 x Refrigerators, 2 X Stoves, 1 x Washer and 1 x Dryer.
Exterior
Exterior Feature Deck
Parking Features Street Only
Pool None
Roof Type Asphalt Shingle
Lot Frontage 26.55
Lot Depth 86.76
Building
Foundation Concrete, Concrete Block
Others
Senior Community No
Listed by SAKER REALTY CORPORATION