48.5 Mitchell Street, St. Thomas | Image 1

48.5 Mitchell Street

St. Thomas, SW

  • - bed - bath - sqft
$XXX,XXX est.*: $2,944/mo
For Sale

Added 2 months ago

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  • Type: Fourplex

  • Style: 2 1/2 Storey

  • Size: 2000 sqft

  • Lot Size: 34.72 x 122 Feet

  • Age: 100+ years

  • Taxes: $2,757 per year

  • Added: Sep 11, 2024 (2 months ago)

  • Updated:

  • Last Checked: 8 hours ago

  • MLS®#: X9343846

  • Listed By: Sutton group - forward realty

Located in the fast-growing St. Thomas, being fully rented with a 7.06% Cap Rate, this fourplex is within walking distance from multiple grocery stores; bank branches; a long list of local independent restaurants, cafes, bars, and bakeries; health and fitness options that will meet the needs of every demographic segment. Princess Ave Playhouse and St. Thomas-Elgin Public Art Centre are around the corner for art & entertainment. Elgin County Courthouse, City Hall, and St. and Thomas Public Library can all be reached on foot. Within 5-8 minutes BIKING DISTANCE, there are plenty of options for outdoor activities. Park and Recreational Facilities: V.A. Barrie Park with large open space, Athletic Park with soccer and other physical activities, and Pinafore Park for picnics, fishing, baseball, and splash pad & playground. National & Multi-national brands such as Walmart, Real Canadian Superstore, Staples, Canadian Tires, McDonald's, A&W, Popeye's, Starbucks, Swiss Chalet & Harvey's, Tim Hortons, Marble Slab Creamery are only a short drive away. This 4-plex features three(3) recently updated 2-bedroom units and one(1) 1-bedroom unit, with 4-car parking. Unit #1 main floor 2-bedroom unit features updated kitchen(cabinet door, countertop, sink & faucet), updated laundry facility, new vinyl floorings throughout eat-in kitchen and hallway, with hardwood flooring in living room and bedrooms, and updated bathroom. Unit #2 basement 2-bedroom unit has been updated with new vinyl floorings throughout, new laundry machines, and updated kitchen and bathroom. The overhauled Unit #3 upper level 2-bedroom unit has a new kitchen(cabinets, countertop, tiled backsplash, sink, faucet, & appliances), new bathroom with laundry(vanity, faucet, tiled shower), and new vinyl flooring throughout. This property currently is generating Rental Income of $71,160. After the Total Operating Expense of $9,782, the Net Operating Income is $61,385 annually.

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Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: 2 1/2 Storey

  • Size (sq ft): 2000

  • Age: 100+

  • Area: St. Thomas

  • Community: SW

  • Availability Date: Flexible

  • Assessment Amount: $170,000

  • Assessment Year: 2024

Inside

  • Bedrooms: 5

  • Bedrooms Plus: 2

  • Bathrooms: 4

  • Kitchens: 3

  • Kitchens Plus: 1

  • Rooms: 3

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 4

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Yes

  • Telephone: Yes

Building

  • Basement: Finished

  • Basement 2: Walk-Up

  • Heat Type: Water

  • Heat Source: Gas

  • Exterior: Alum Siding

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Mutual

  • Garage Type: None

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2023

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

  • Taxes: $2,757

Land

  • Cross Street: WEST OF PRINCESS AVE

  • Municipality District: St. Thomas

  • Fronting On: South

  • Parcel Number: 352240038

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 122 Feet

  • Lot Frontage: 34.72 Feet

  • Acres: < .50

  • Zoning: R4

Additional Media

  • Virtual Tour: https://youriguide.com/1_48_mitchell_st_st_thomas_on
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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

    68 Sunset Dr, St. Thomas ON 0.83km

  • St. Thomas Elevated Park

    St. Thomas ON 1.46km

  • 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
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For Sale
2 months ago
$669,900
  • 2 bath
  • 5 bed
  • 1500 sqft

7 Porter Place West, St. Thomas, Ontario • N5R 5L5 • SE

33 Station Street, St. Thomas | MLS: X9344483
For Sale
2 months ago
$1,075,000
  • 6 bath
  • 9 bed
  • 3500 sqft

33 Station Street, St. Thomas, Ontario • N5P 2X1 • NW