5 Beds 2 Bath

45 LOCUST Street, St. Thomas, ON N5R 2C2

St. Thomas N5R 2C2 Ontario

MLS: X12192203

$299,900

Added 1 day ago | For Sale

Listed by: RE/MAX CENTRE CITY REALTY INC.

About Property

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.

Features

  • House Style:Detached
  • Bathrooms:2
  • Land Size: 34.67 X 120
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:ROSS STREET
  • Basement:Crawl Space , Crawl Space
  • Possession Date:TENANTS
  • Annual Property taxes: $2596
  • Bedrooms:5
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Radiant
  • Pool Type:None
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X12192203

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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