Tony Tompson
Sales Representative
Century 21 Example Inc., Brokerage
Independently owned and operated.
7163 Yonge Street, Suite #206, Thornhill, Ontario L3T 0C6
Cell: 1-866-382-2968Office: 416-548-7854Fax: 416-981-7184
$999,999
Available - For Sale
Listing ID: X11913327
33 Station St , St. Thomas, N5P 2X1, Ontario
| Welcome to 33 Station located in growing St. Thomas. This six-unit building offers an exceptional opportunity for savvy investors. Comprised of 2 x three-bedroom units, 2 x two-bedroom units, and 2 x one-bedroom units. The building features seven hydro meters, one water meter, and one gas meter, ensuring efficient utility management. Recent updates include windows, kitchens, bathrooms, electrical, and plumbing. St. Thomas is experiencing a surge in development, making it a hot spot for investors. Major projects such as the new VW Battery Plant and the Amazon Facility are driving economic growth and attracting a robust workforce. The great tenant profile currently residing in the building offers stability, with room for rent increases, further increasing the income potential. Interested parties are encouraged to inquire about competitive financing options available. Located in a thriving area with easy access to essential amenities, public transportation, schools, and parks. The combination of solid income, future development opportunities, and a prime location makes this property an excellent addition to any investment portfolio. Dont miss out on this fantastic opportunity. |
| Price | $999,999 |
| Taxes: | $4659.00 |
| Tax Type: | Annual |
| Assessment: | $280000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 33 Station St , St. Thomas, N5P 2X1, Ontario |
| Postal Code: | N5P 2X1 |
| Province/State: | Ontario |
| Legal Description: | LT 17 PL 84 ST. THOMAS; PT LT 16 PL 84 S |
| Lot Size: | 64.41 x 120.00 (Feet) |
| Directions/Cross Streets: | STATION STREET & MEDA STREET |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 4326.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Approximatly Age: | 100+ |
| Financial Statement: | Y |
| Franchise: | N |
| Taxes Expense: | $4659 |
| Insurance Expense: | $6940 |
| Heat Expenses: | $2945 |
| Hydro Expense: | $5148 |
| Gross Income/Sales: | $94056 |
| Net Income Before Debt: | $74365 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 6 |
| Outside Storage: | Y |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | N |
| Sewers: | Sanitary |
| Water: | Municipal |
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416-981-7184
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At a Glance:
| Type: | Com - Investment |
| Area: | Elgin |
| Municipality: | St. Thomas |
| Neighbourhood: | NW |
| Lot Size: | 64.41 x 120.00(Feet) |
| Approximate Age: | 100+ |
| Tax: | $4,659 |
| Baths: | 6 |
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