$479,900

189-191 Ross Street

St. Thomas ON, N5R 3Y2

Description

Incredible Investment Opportunity or Owner Occupied property. This PURPOSE BUILD SIDE-BY-SIDE DUPLEX with each side containing 3 bedroom units, good sized livingrooms, in suite laundry, nearby schools and transit in a sought after renting area. Both tenants pay all utilities with rents being $1,285 & $1,220 for a total of $2,505/month, $30,060/a. When factoring in low cost mortgages and conservative annual real estate price gains, you'll instantly benefit from great ROI >20% and postive monthly cashflow. Potential additional upside in this property would be cosmetic improvements to earn even more rent. BONUS: New shingles 2018, 2 Furnaces, 2 Hydro meters, Newer Windows and doors, electrical updates completed as well. Located nearby schools, transit, shopping and other amentities, adding this property to your portfolio provides you an easily rentable property with solid a future. Buyer to verify all measures.

Details

MLS#40067432
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1890
Days On Site10

Features

SQ Feet3,000
Units2
Building(s)1
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Area Information
ProvinceON
CountyElgin
CitySt. Thomas
Postal CodeN5R 3Y2
AreaSt. Thomas
Listing VS Median (in N5R 3Y2)
Price:
$479,900
low | high
Med:
$479,900
50% of Average
SqFt:
3,000
low | high
Med:
3,000
50% of Average
$ / SqFt:
$160
low | high
Med:
$160
50% of Average
On Site:
10
low | high
Med:
10
100% of Average
Listing Updated: February 27, 2021 8:00:38 PM PST
CHRIS MAVRIKKOU LogoMLS Number: 40067432
Listing Provided By:
CHRIS MAVRIKKOU  of  TEAM PURPLE SQUIRREL THE REALTY FIRM INC.
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