Inactive on Oct 31, 2024
Note: Property is not currently for sale or for rent.
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Type: Fourplex
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Style: 2-Storey
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Size: 1500 sqft
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Lot Size: 40 x 123 Feet
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Age: 100+ years
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Taxes: $2,512 per year
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Days on Site: 89 Days
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Added: Aug 03, 2024 (2 months on market)
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Updated:
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Last Checked: 21 hours ago
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MLS®#: X9241691
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Listed By: Certainli realty inc
Welcome to 54 Elizabeth Street, an exceptional investment opportunity in the heart of St. Thomas. Key features include 4 self contained 1bed/1bath units, a common laundry area with secure keypad access, central A/C, and 3 units with recent cosmetic upgrades, including new kitchens, vinyl flooring and new bathroom fixtures. This turnkey fourplex is situated within walking distance to downtown St. Thomas, tenants will have easy access to multiple grocery stores, bank branches, restaurants, cafes, and bars as well as quick access to public transit. As a bonus for the discerning investors, act fast and secure this property completely vacant by October 1st to set your own market rents and select the best tenants to maximize your investment returns!
Extras
Financial Highlights: Potential Rental Income (conservative market rent= 2 units $1050 +hydro, 2 units $1150 inclusive): $52,800/year Total Operating Expenses: $9,585/year. Net Operating Income: $43,215/year. Potential Cap Rate: 7.2%
Status
Days on Market: 89
Last Status: Expired
Sold Date: Nov 03, 2024
Closed Date: Nov 30, -0001
Expiry Date: Oct 31, 2024
Unavailable Date: Nov 01, 2024
Input Date: Aug 06, 2024
Property
Status: Sale
Property Type: Fourplex
Style: 2-Storey
Size (sq ft): 1500
Age: 100+
Area: St. Thomas
Community: SW
Availability Date: flexible
Inside
Bedrooms: 4
Bathrooms: 4
Kitchens: 4
Rooms: 11
Den/Family Room: No
Air Conditioning: Central Air
Fireplace: No
Laundry Level: Main
Washrooms: 4
Building
Basement: Unfinished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Vinyl Siding
Water Supply: Municipal
Physically Handicapped-Equipped: N
Special Designation: Unknown
Retirement: N
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 3
Total Parking Spaces: 3
Fees
Tax Year: 2024
Tax Legal Description: PLAN 3 BLK G PT LOTS 1,2
Taxes: $2,512
Land
Cross Street: Elizabeth & White
Municipality District: St. Thomas
Fronting On: South
Parcel Number: 352230099
Parcel of Tied Land: N
Pool: None
Sewer: Sewers
Lot Depth: 123 Feet
Lot Frontage: 40 Feet
Lot Irregularities: 36.03x 52.67 x 7.27x
Acres: < .50
Zoning: R4
Additional Media
- Virtual Tour: https://unbranded.youriguide.com/54_elizabeth_st_st_thomas_on/
Very Walkable
- Most errands can be accomplished on foot.
Monsignor Morrison Separate School
Elementary: CatholicJune Rose Callwood Public School
Elementary: PublicForest Park 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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