54 Elizabeth Street For Sale

St. Thomas, SW, N5R 2X1

$569,900

Description

Listed by CERTAINLI REALTY INC.

Welcome to 54 Elizabeth Street, an exceptional investment opportunity in the heart of St. Thomas. Key features include 4 self contained 1bed/1bath units, a common laundry area with secure keypad access, central A/C, and 3 units with recent cosmetic upgrades, including new kitchens, vinyl flooring and new bathroom fixtures. This turnkey fourplex is situated within walking distance to downtown St. Thomas, tenants will have easy access to multiple grocery stores, bank branches, restaurants, cafes, and bars as well as quick access to public transit. As a bonus for the discerning investors, act fast and secure this property completely vacant by October 1st to set your own market rents and select the best tenants to maximize your investment returns!

Financial Highlights: Potential Rental Income (conservative market rent= 2 units $1050 +hydro, 2 units $1150 inclusive): $52,800/year Total Operating Expenses: $9,585/year. Net Operating Income: $43,215/year. Potential Cap Rate: 7.2%

Location

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  • Address: 54 Elizabeth Street
  • Neighborhood: SW
  • City: St. Thomas
  • State: Ontario
  • Postal Code: N5R 2X1

Property Video

Property Details

  • Property ID: X9241691
  • Property Price: $569,900
  • Style: Fourplex, 2-Storey
  • Sq/Ft: 1500-2000
  • Rooms: 11
  • Bedrooms: 4
  • Bath: 4
  • Parking Spaces: 3
  • Year Built: 100+
  • A/C: Central Air
  • Basement: Unfinished
  • Den: N
  • Exterior: Vinyl Siding
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $2,512.00 (2024)
  • Acreage: < .50 Acres
  • Lot: 123.00x40.00 (Feet) - 36.03x 52.67 x 7.27x 68.51x 42.12x125.17

Property History

This property has been sold 8 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100