48.5 Mitchell Street, St. Thomas | Image 1

48.5 Mitchell Street

St. Thomas, St. Thomas

  • 5 bed 4 bath
$799,900 est.*: $2,710/mo
For Sale

Added 1 day ago

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  • Type: Fourplex

  • Style: 2 1/2 Storey

  • Lot Size: 33 x 123.29 Feet

  • Age: No Data

  • Taxes: $2,828 per year

  • Added: Feb 03, 2025 (1 day ago)

  • Updated:

  • Last Checked: 1 hour ago

  • MLS®#: X11952100

  • Listed By: Sutton group - select realty

Attention Investors! Turnkey 4-Plex with POSITIVE CASH FLOW! This fully rented income-generating 4-plex in fast-growing St. Thomas is an exceptional opportunity for investors seeking strong returns. With an annual rental income of $71,160 and a Net Operating Income of $61,385, this property is already producing positive cash flow and requires minimal maintenance.The building features three recently updated 2-bedroom units and one 1-bedroom unit, each offering modern finishes and upgrades. The main-floor 2-bedroom unit has been refreshed with an updated kitchen, featuring new cabinet doors, countertops, sink, and faucet, along with an updated laundry area. New vinyl flooring extends through the eat-in kitchen and hallway, while the living room and bedrooms boast hardwood floors. The bathroom has also been upgraded, adding to the units appeal.The basement 2-bedroom unit has been updated with new vinyl flooring throughout, new laundry machines, and a modernized kitchen and bathroom, ensuring a comfortable living space for tenants. The upper-level 2-bedroom unit has undergone a complete renovation, including a brand-new kitchen with new cabinets, countertops, tiled backsplash, sink, faucet, and appliances. The bathroom has been fully modernized with a new vanity, faucet, and tiled shower, while new vinyl flooring extends throughout the unit. The 1-bedroom unit remains well-maintained and continues to attract stable tenancy.With 4-car parking and a prime location within walking distance of shops, restaurants, cafes, parks, trails, and schools, this property offers both convenience and long-term investment stability. St. Thomas is experiencing rapid growth, making this the perfect time to invest in a high-demand rental market. Don't miss out on this turnkey investment opportunity.schedule your showing today!

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Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: 2 1/2 Storey

  • Area: St. Thomas

  • Community: St. Thomas

  • Availability Date: Flexible

Inside

  • Bedrooms: 5

  • Bedrooms Plus: 2

  • Bathrooms: 4

  • Kitchens: 3

  • Kitchens Plus: 1

  • Rooms: 3

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 4

Building

  • Basement: Finished

  • Heat Type: Water

  • Heat Source: Gas

  • Exterior: Alum Siding

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Mutual

  • Garage Type: None

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 13 BLK H PL 3 ST. THOMAS AS IN E363482; S/T & T/W E363482;

  • Taxes: $2,828

Land

  • Cross Street: East along Talbot St

  • Municipality District: St. Thomas

  • Fronting On: South

  • Parcel Number: 352240038

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 123.29 Feet

  • Lot Frontage: 33 Feet

  • Acres: < .50

  • Zoning: R1

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Very Walkable

  • Most errands can be accomplished on foot.
84 /100

Very Bikeable

  • Most errands can be accomplished on bike.
85 /100
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Map of 48.5 Mitchell Street, St. Thomas
JK-8

Monsignor Morrison Separate School

Elementary: Catholic
2.16 km
JK-8

Elgin Court Public School

Elementary: Public
2.18 km
JK-8

June Rose Callwood Public School

Elementary: Public
1.67 km
JK-8

Lockes Public School

Elementary: Public
2.27 km
JK-8

John Wise Public School

Elementary: Public
2.05 km
K-8

Pierre Elliott Trudeau French Immersion Public School

Elementary: Public
1.45 km
9-12

Arthur Voaden Secondary School

Secondary: Public
0.69 km
9-12

Central Elgin Collegiate Institute

Secondary: Public
1.79 km
9-12

St Joseph's High School

Secondary: Catholic
3.28 km
9-12

Regina Mundi College

Secondary: Catholic
13.16 km
9-12

Parkside Collegiate Institute

Secondary: Public
2.25 km
9-12

Sir Wilfrid Laurier Secondary School

Secondary: Public
18.98 km

  • V. A. Barrie Park

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  • St. Thomas Elevated Park

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  • Pinafore Park

    115 Elm St, St. Thomas ON 1.36km

  • Scotiabank

    472 Talbot St, St Thomas ON N5P 1C2 0.31km

  • CIBC

    440 Talbot St, St. Thomas ON N5P 1B9 0.33km

  • TD Canada Trust Branch and ATM

    1063 Talbot St (First Ave.), St. Thomas ON N5P 1G4 1.94km