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St. Thomas,ON N5R 3X8
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Sw
MLS Listing ID X12080400
Style 3-Storey
Bedrooms 12
Building Age 0-5
Annual Tax Amount $5,000
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Brand new purpose-built 4-plex in the growing city of St. Thomas, just minutes to London, the 401, and a short drive to Port Stanley beaches. With major employers like the new VW EV battery plant and Amazon fulfillment center, St. Thomas is experiencing rapid growth making this is a smart investment or ideal multi-generational living option. Each side-by-side unit offers a mirrored main-floor unit with 3 bedrooms, 2.5 baths, open-concept layout, and walkout to the rear parking. Upper units feature 3 bedrooms plus a den, 2.5 baths, and scenic top-floor views. All four units boast high ceilings, quartz countertops, upgraded lighting, separate laundry, and brand new, never-used appliances. Separately metered and completely vacant, the building offers 5 rear parking spaces and 2 sewer and water connections. With market rental rates estimated at $2,600/month per upper & $2300 /month per lower, this property projects a strong 6.9% cap rate an ideal opportunity for investors looking to secure cash flow in a high-demand rental market.
Location
Province ON
County Elgin
Community Sw
Area Elgin
Rooms
Family Room Yes
Basement Full,Finished
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Sump Pump,Water Heater Owned,Separate Hydro Meter,On Demand Water Heater,In-Law Capability
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Lighting,Year Round Living
Parking Features Available
Pool None
Roof Type Shingles
Topography Flat
Lot Frontage 59.42
Lot Depth 99.77
Total Parking Spaces 5
Building
Unit Features Hospital,Library,School
Foundation Poured Concrete
Others
Security Features Other,Carbon Monoxide Detectors
Virtual Tour https://www.youtube.com/shorts/6sotOS8mkiU