79 St Catharine Street

St. Thomas, St. Thomas

Description

Investor Alert! This well-maintained duplex presents an excellent opportunity with projected annual rental income of $34,000+ and a solid 7.0% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently rented at $1,486/month + utilities. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and is currently vacant, perfect for setting market rent or moving in and letting the other unit cover part of your mortgage. Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this turnkey duplex checks all the boxes.

This duplex home located at 79 St Catharine Street, St. Thomas, ON N5P 2V9 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$435K. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. The property is N/A years old. 79 St Catharine Street, St. Thomas, ON N5P 2V9 is in St. Thomas neighborhood St. Thomas.