189-191 Ross Street St. Thomas, Ontario N5R 3Y2
$479,900
Incredible Investment Opportunity or Owner Occupied property. This PURPOSE BUILD SIDE-BY-SIDE DUPLEX with each side containing 3 bedroom units, good sized livingrooms, in suite laundry, nearby schools and transit in a sought after renting area. Both tenants pay all utilities with rents being $1,285 & $1,220 for a total of $2,505/month, $30,060/a. When factoring in low cost mortgages and conservative annual real estate price gains, you'll instantly benefit from great ROI >20% and postive monthly cashflow. Potential additional upside in this property would be cosmetic improvements to earn even more rent. BONUS: New shingles 2018, 2 Furnaces, 2 Hydro meters, Newer Windows and doors, electrical updates completed as well. Located nearby schools, transit, shopping and other amentities, adding this property to your portfolio provides you an easily rentable property with solid a future. Buyer to verify all measures. (id:19173)
Property Details
| MLS® Number | 40067432 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Equipment Type | Water Heater |
| Features | Double Width Or More Driveway |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 6 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1890 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3000 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Sanitary Sewer |
| Size Depth | 44 Ft |
| Size Frontage | 60 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Res |
https://www.realtor.ca/real-estate/22825201/189-191-ross-street-st-thomas
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London and St. Thomas Association of REALTORS®
Team Purple Squirrel, The Realty Firm Inc.
February 17 2021 04:39:02
