Welcome to this two-storey home in the heart of St. Thomas an excellent investment opportunity for those looking to expand their real estate portfolio or secure a promising fixer-upper at an attractive price and 6.5% cap rate. Currently tenanted, the property offers immediate rental income, making it a smart choice for investors. Zoned R3, there is also potential for future development or expansion, adding long-term value to this versatile asset. The home features 5 bedrooms and 2 bathrooms, offering ample space and functionality. Located in a desirable area with established rental income and room for future growth, this property is a strong addition to any investment strategy. Whether you're looking for immediate returns or long-term upside, this St. Thomas opportunity is worth your consideration. (id:4069)
Address
45 LOCUST STREET
List Price
$299,900
Property Type
Single Family
Type of Dwelling
House
Area
Ontario
Sub-Area
St Thomas
Bedrooms
5
Bathrooms
2
Floor Area
699 Sq. Ft.
Lot Size
34.7 x 120 FT ; 34.39ft x 123.19ft x 34.39ft x 123.06ft Sq. Ft.
MLS® Number
X12192203
Listing Brokerage
RE/MAX CENTRE CITY REALTY INC.
Basement Area
Crawl space
Postal Code
N5R2C2
Zoning
R3
Features
Flat site
