37 St Catharine St

St. Thomas, N5P 2V7
FOR SALE
$699,999
37 St Catharine St, St. Thomas
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
37 St Catharine St
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4
BEDROOMS
4
BATHROOMS
4
KITCHENS
14 + 3
ROOMS
X8323104
MLSID
Contact Us
Property Description
Great turnkey investment for anyone looking to grow their portfolio. This well managed 4 unit property has 4 x 1 bedroom, 1 bathroom units all recently updated. All units are separately metered for hydro so tenants pay their own bills. Roof, furnace, windows all done in 2017. St. Thomas is a booming market with development on every corner, new job growth with big companies starting up in the area and a revitalized downtown core with new restaurants and cafes. All units are currently rented to great tenants to make this truly turn key. Proforma available upon request.
Property Details
Property Type
Fourplex, 2-Storey
Lot Size
63' x 132'
Fronting
West
Taxes
$4,249 (2023)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
Listing contracted with Royal Lepage Burloak Real Estate Services
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Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What's more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means investing with multinational corps like Volkswagen & Amazon etc. You don't want to miss out on this one!
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