Two semi detached homes under one ownership! Welcome to 67-69 Elizabeth Street located in the lovely city of St. Thomas! Fully tenanted and with a cap rate of just under 6%, this property pays for itself and makes it the perfect opportunity for investors to grow your portfolio. 67 Elizabeth features plenty of natural light with an open concept on the main level, 3 bedrooms, 1.5 baths and an attic space which could be used as an additional loft when finished. 69 Elizabeth features 3 bedrooms, 1 bath and is home to long term tenants who manage both the landscaping and snow removal! This home is located near downtown St. Thomas, has easy access to the highway, shopping, restaurants, parks, the new Amazon Distribution Centre, and the upcoming VW Plant! With monthly rental income of $3,000, $1,800 plus gas and electricity from unit 67 and $1,250 plus gas and electricity from unit 69, this property pays for itself. Don't miss the chance to add to your investment portfolio! Recent work has been done: Sump Pump Installation with 1/2 HP Back-Up Sump Pump, Sump Pit/Cover and Internal Water Management System with (approx.) 32 feet. Internal Drainage System, Weepers connected to new Sump and Air Gap Drainage Membrane installed
Address
67-69 Elizabeth Street
List Price
$489,900
MLS® Status
New
Expiration Date
2026-05-12
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
St. Thomas
Region
Elgin
Bedrooms
6
Bedrooms (Total)
6
Rooms Above Grade
19
Bathrooms
3
Floor Area
2500-3000 Sq. Ft.
Lot Depth
67.15
Lot Size Units
Feet
Lot Width
67.29
Parcel Number
352230081
Occupant Type
Tenant
Cross Street
princess ave
Approx. Age
100+ Years
MLS® Number
X12686352
Listing Brokerage
ELGIN REALTY LIMITED
Basement Area
Separate Entrance, Unfinished
Postal Code
N5R 2X3
Posession Details
flexible
Parking
Private Double
Parking Places (Total)
3
Parking Spaces
3
Tax Amount
$2,704.00
Tax Year
2025
Interior Features
Separate Hydro Meter, Sump Pump
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Window Unit(s)
Construction Materials
Vinyl Siding
Direction Faces
North
Fireplace
No
Foundation Details
Block
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 4 BLK C PL 3 ST. THOMAS PT 1, 2 11R927 T/W E398919; ST. THOMAS
Waterfront
No
Sewer
Sewer