Sold on Oct 09, 2024
Note: Property is not currently for sale or for rent.
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Type: Multiplex
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Style: 2-Storey
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Lot Size: 66 x 53 Feet
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Age: No Data
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Taxes: $2,679 per year
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Days on Site: 97 Days
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Added: Jul 04, 2024 (3 months on market)
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Updated:
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Last Checked: 2 hours ago
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MLS®#: X9012575
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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 tapping into the promising trajectory of St. Thomas. With the city witnessing significant investments from renowned multinational corporations like Amazon and Volkswagen, the long-term prospects for growth and appreciation are compelling. *Interior photos are from 2022 when the renovations completed* Don't miss out on this strategic portfolio piece that promises not only immediate returns but also the potential for substantial appreciation in the thriving St. Thomas market. Schedule a viewing today and secure your stake in this lucrative opportunity!
Status
Days on Market: 97
Last Status: Sold
Sold Date: Oct 09, 2024
Closed Date: Oct 24, 2024
Expiry Date: Oct 09, 2024
Sold Price: $670,000
Unavailable Date: Oct 10, 2024
Input Date: Jul 04, 2024
Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Area: St. Thomas
Community: SW
Availability Date: Immediate
Inside
Bedrooms: 4
Bathrooms: 4
Kitchens: 4
Rooms: 12
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: Private
Garage Spaces: 4
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: WELLINGTON ST SOUTH
Municipality District: St. Thomas
Fronting On: North
Parcel Number: 352240016
Pool: None
Sewer: Sewers
Lot Depth: 53 Feet
Lot Frontage: 66 Feet
Additional Media
- Virtual Tour: https://youtu.be/KxudvuMPw-s
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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