New Listing
44 Jackson Street,St. Thomas, ON N5P2R9
St. Thomas, ON N5P2R9
Description
An exceptional opportunity to acquire a well-established, income-producing 24-unit apartment building at 44 Jackson Street in St. Thomas. This investment property offers a desirable unit mix consisting of 1 bachelor, 17 one-bedroom and 6 two-bedroom apartments, appealing to a broad rental market. With a history of consistent occupancy, established rental income and a 5% capitalization rate, this property presents an attractive opportunity for investors seeking stability and long-term growth potential. The building benefits from an on-site superintendent providing day-to-day oversight, along with renovated units that enhance tenant appeal. Ideally situated in an established residential neighbourhood, the property backs onto an athletic field, offering an appealing open setting and recreational surroundings. Ample on-site parking adds further convenience for residents. The location offers convenient access to public transit just a short distance away, along with nearby shopping, schools, recreational facilities and everyday amenities. Situated in the growing community of St. Thomas, this property combines a desirable residential setting with excellent accessibility and investment appeal. An outstanding opportunity to acquire an established multi-residential asset offering immediate income, operational stability and potential for long-term appreciation. An excellent addition to any investment portfolio! (id:13843)
Details
| MLS # | 40873212 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1967 |
| Days On Site | 5 |
| Listing Provided By | Peak Realty Ltd. | Anne Costabile |
Features
| Bed(s) | 30 |
|---|---|
| Bath(s) | 24 Total |
| SQ Feet | 10,000 |
| Story(s) | 3 |
| Units | 24 |
| Zoning | R3 |
Interior
| Heating | Natural gas, Other |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Lot Features | Paved driveway, Laundry- Coin operated |
|---|
Parking
| Parking Features | Open, None |
|---|---|
| Parking Total | 24 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 35035 |
|---|
Area Information
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5P2R9 |
| Community Name | St. Thomas |
| Listing VS Median (in St. Thomas) | |
Price: $4,150,000 low | high Med: $0 sqft: 10,000 low | high Med: 44,318 $ / sqft: $415 low | high Med: $0 On site: 5 low | high Med: 238 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | St. Thomas |
| Postal Code | N5P2R9 |
| Community Name | St. Thomas |
| Listing VS Median (in St. Thomas) | |
Price: $4,150,000 low | high Med: $0 sqft: 10,000 low | high Med: 44,318 $ / sqft: $415 low | high Med: $0 On site: 5 low | high Med: 238 | |
