Added 1 month ago
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Type: Multiplex
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Style: 2-Storey
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Size: 1500 sqft
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Lot Size: 66 x 57 Feet
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Age: 100+ years
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Taxes: $2,679 per year
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Days on Site: 48 Days
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Added: May 03, 2024 (1 month ago)
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Updated:
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Last Checked: 14 minutes ago
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MLS®#: X8303192
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Listed By: Blue forest realty inc.
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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Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Size (sq ft): 1500
Age: 100+
Area: St. Thomas
Community: SW
Availability Date: Immediate
Inside
Bedrooms: 4
Bathrooms: 4
Kitchens: 4
Rooms: 11
Den/Family Room: No
Air Conditioning: None
Fireplace: Yes
Washrooms: 4
Building
Basement: Unfinished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Vinyl Siding
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Front Yard
Garage Type: None
Covered Parking Spaces: 4
Total Parking Spaces: 4
Fees
Tax Year: 2023
Tax Legal Description: PT LT 12 BLK R PL 3 ST. THOMAS AS IN E415010; S/T & T/W E415010;
Taxes: $2,679
Land
Cross Street: Hincks St & Gladston
Municipality District: St. Thomas
Fronting On: North
Parcel Number: 352240016
Parcel of Tied Land: N
Pool: None
Sewer: Sewers
Lot Depth: 57 Feet
Lot Frontage: 66 Feet
Acres: < .50
Zoning: R4
Additional Media
- Virtual Tour: https://listings.tourme.ca/videos/018f39bf-265d-7222-a6be-50636c8ee528
Rooms
Room details for 53 Gladstone Avenue North, St. Thomas
| Type | Dimensions | Description |
|---|---|---|
| Br Flat | 4.20 x 3.04 | |
| Kitchen Flat | 3.35 x 3.04 | |
| Bathroom Main | 2.10 x 3.45 | 4 Pc Bath |
| Br Flat | 2.40 x 3.04 | |
| Kitchen Flat | 2.70 x 3.96 | |
| Living Flat | 5.18 x 3.90 | |
| Bathroom Main | 2.03 x 2.26 | 4 Pc Bath |
| Br Flat | 3.60 x 4.05 | |
| Kitchen Flat | 2.70 x 3.90 | |
| Bathroom 2nd | 1.70 x 3.70 | 4 Pc Bath |
| Br Flat | 3.35 x 2.40 | |
| Kitchen Flat | 2.10 x 3.04 |
Somewhat Walkable
- Some errands can be accomplished on foot.
Bikeable
- Some errands can be accomplished on bike.
Monsignor Morrison Separate School
Elementary: CatholicElgin Court Public School
Elementary: PublicJune Rose Callwood Public School
Elementary: PublicLockes Public School
Elementary: PublicJohn Wise Public School
Elementary: PublicPierre Elliott Trudeau French Immersion Public School
Elementary: PublicArthur Voaden Secondary School
Secondary: PublicCentral Elgin Collegiate Institute
Secondary: PublicSt Joseph's High School
Secondary: CatholicRegina Mundi College
Secondary: CatholicParkside Collegiate Institute
Secondary: PublicSir Wilfrid Laurier Secondary School
Secondary: Public-
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