About This Property
INVESTMENT OPPORTUNITY! Legal 1 1/2 - storey duplex offering 2 self-contained units, ideally located in northwest St. Thomas, just 2 blocks from downtown! The freshly updated main-floor unit features 2 bedrooms, living and dining rooms, 4-piece bath and laundry. Lower level offers an additional legal bedroom, living area and ample storage. The upper unit has been extensively renovated with updated flooring, windows and fresh paint. Ideal for investors or first-time buyers wishing to live in one unit while generating rental income from the other! Potential gross annual income of $36,000, estimated expenses of $5,000 and projected net operating income of $31,000 before debt servicing. Approximate 5.96% cap rate at the $519,900 asking price. Mutual driveway with ONE parking space. Just a 5-minute drive to June Rose Callwood Public School. An excellent opportunity to build equity! Easy to show!
Property Overview
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Listing ID
X14085164
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Type
Detached
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Bedrooms
3
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Bathrooms
3
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Size
1500-2000 sqft
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Transaction
For Sale
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Kitchens
2
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Parking
1 spots
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Garage
None
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Heat
Forced Air / Gas
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Annual Tax
$2,290 (2025)
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Lot
35 × 73.25 Feet
Features & Amenities
- Central Air
- Full
- Finished
- Floor Drain
- Separate Hydro Meter
- Storage Area Lockers
- Upgraded Insulation
- Water Heater
- Water Meter
- Workbench
- Patio
- Paved Yard
- Porch
- Year Round Living
- Mutual
- Carbon Monoxide Detectors
- Smoke Detector
From Our Gallery (50 photos)
Location
Address:
2.5 Antrim Street, St. Thomas, ON N5P 1S3
City:
St. Thomas, ON
Postal Code:
N5P 1S3