5 Bed Residential Freehold – 35-37 Kains Street, St. Thomas, ON
$429,900 CAD
Property Description
An exceptional opportunity to acquire a solid, income-producing fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential yearly rental income with property fully tenanted is just under $40,000 with an estimated cap rate of 6.76%. Don’t miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today!
Property Details
Type
Residential Freehold
Parking
2 spaces
All Photos
Location
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned and administered by The Canadian Real Estate Association (CREA). The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Used under license. Listing data is provided by PropTx LLC via the Amplify Syndication RESO Web API and is sourced from the MLS® System of the Toronto Regional Real Estate Board (TRREB) and other participating member boards.
Lease Cost Summary
Estimated occupancy costs based on the listed rate.
Listed Rate
$429,900 / mo
Monthly Cost
$429,900
Annual Cost
$5,158,800
* TMI (taxes, maintenance, insurance) and utilities may be additional. Talk to Maneesh for full lease terms.
Request Information
All fields marked * are required.