119 Erie Street, St. Thomas, ON N5R 2N1 (Third Ave)

Price : $1,100,000.00 , MLS®# : X12259065

Description

Beautifully Updated 4-Plex in a Prime Family-Friendly Neighborhood. Welcome to this exceptional 4-plex, offering a rare blend of timeless character and modern upgrades in a desirable, family-oriented location. Each of the four spacious 2-bedroom units has been thoughtfully renovated, making this a turnkey investment opportunity or an ideal multi-family living space. Inside, you'll find beautifully refinished hardwood floors that bring warmth and charm to every unit. The kitchens are a standout feature finished with granite or quartz countertops for a sleek, durable workspace. Pride of ownership shines throughout, with each unit meticulously maintained to ensure tenant comfort and satisfaction. Tenants can enjoy a shared, fully fenced yard complete with a lovely gazebo perfect for outdoor relaxation or summer gatherings. The property is as functional as it is attractive, boasting a long-lasting metal roof and a newer water furnace for added efficiency and peace of mind. With four dedicated parking spaces and a double garage, there's ample room for tenant vehicles and storage. This property isn't just a place to live its a community where tenants can feel at home. Additional Highlights: Gross rental income: $62,508/year. Shared laundry income: $100-130/month. Utility costs (shared): Hydro for basement & water ranges from $200-240/month, gas between $100-150/month (not on budget). Whether you're looking to expand your investment portfolio or secure a multi-family property with excellent income potential, this well-maintained 4-plex is a must-see. Book your private showing today and discover what sets this property apart.

Location Description

Third Ave

Property Details
  • Community: St. Thomas
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 8
  • Bath: 4
  • Garages: Detached
  • Annual Property Taxes : $ 4783.47
Building Features
  • Foundation Type: Poured Concrete-Concrete Block
  • Counstruction Material : Brick-Vinyl Siding
  • Total Parking Space : 6
  • Parking Type : Detached
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 54 sq.ft
  • Land Depth: 123sq.ft

Listing Contracted With: ELGIN REALTY LIMITED

Usman Butt
Broker
Call us @ : 416-875-1487
Mail us @ : realtorusman@gmail.com
Enquiry about this property