Brand new purpose-built 4-plex in the growing city of St. Thomas, just minutes to London, the 401, and a short drive to Port Stanley beaches. With major employers like the new VW EV battery plant and Amazon fulfillment center, St. Thomas is experiencing rapid growth making this is a smart investment or ideal multi-generational living option. Each side-by-side unit offers a mirrored main-floor unit with 3 bedrooms, 2.5 baths, open-concept layout, and walkout to the rear parking. Upper units feature 3 bedrooms plus a den, 2.5 baths, and scenic top-floor views. All four units boast high ceilings, quartz countertops, upgraded lighting, separate laundry, and brand new, never-used appliances. Separately metered and completely vacant, the building offers 5 rear parking spaces and 2 sewer and water connections. With market rental rates estimated at $2,600/month per upper & $2300 /month per lower, this property projects a strong 6.9% cap rate an ideal opportunity for investors looking to secure cash flow in a high-demand rental market. (id:4069)
Address
109 ROSS STREET
List Price
$1,699,900
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
Ontario
Sub-Area
St Thomas
Bedrooms
14
Bathrooms
12
Floor Area
2,147,483,647 Sq. Ft.
Lot Size
59.4 x 99.8 FT Sq. Ft.
MLS® Number
X12080400
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Basement Area
Full (Finished)
Postal Code
N5R3X8
Site Influences
Hospital, Schools
Features
Irregular lot size, Flat site, Lighting, Sump Pump
Amenities
Separate Electricity Meters
