$299,900
Est. payment /mo
5 Beds
2 Baths
New
45 LOCUST ST St. Thomas, ON N5R 2C2
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision Sw
MLS Listing ID X12192203
Style 2-Storey
Bedrooms 5
Annual Tax Amount $2,596
Tax Year 2024
Property Sub-Type Detached
Property Description
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.
Location
Province ON
County Elgin
Community Sw
Area Elgin
Rooms
Family Room Yes
Basement Crawl Space
Kitchen 1
Interior
Interior Features None
Cooling None
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Porch Enclosed
Parking Features Mutual
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Topography Flat
Lot Frontage 34.67
Lot Depth 120.0
Total Parking Spaces 2
Building
Foundation Concrete, Block
Listed by RE/MAX CENTRE CITY REALTY INC.