Description

 Price: $ 1,695,000.00 MLS^®: X12916728         Location : 109 Ross Street, St. Thomas, ON N5R 3X8

Brand new purpose-built 4-plex in St. Thomas. Located just minutes to London, Hwy 401, and Port Stanley beaches, this custom new build features 5500+ Sq ft of luxury finishes throughout. Always Fully Rented - Current income $112,800/year ($2300,$2400,$2500,$2200). Each side-by-side unit features a mirrored floor plan with 3 bedrooms, 2.5 baths, open-concept layout, and walkout to rear parking. All units include high ceilings, quartz countertops, upgraded lighting, in-suite laundry, and brand new appliances. Separately metered for all services with tenants paying all utilities. All paved wtih 5 parking spaces . Located near major employers including the VW EV battery plant and Amazon centre. Strong cash flow in a high-demand rental market, multi-generational living, or ideal live in with income! Note: very low property taxes and general out door maintenance. High quality construction. An excellent building to add to your portfolio! 6.1% CAP Rate!

Location Description

Ross & Wellington

Property Details

• Community: St. Thomas
• Property Type: Tenant/Residential Freehold
• Bedrooms: 14
• Bath: 12
• Garages: None

Building Features

• Foundation Type: Poured Concrete
• Construction Material: Vinyl Siding
• Total Parking Space: 5

Features

• Heating: Forced Air Gas
• Sewer: Sewer ,

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