54 Elizabeth St, St Thomas, ON N5R 2X1

Welcome to 54 Elizabeth Street, an exceptional investment opportunity in the heart of St. Thomas. Key features include 4 fully tenanted self contained 1bed/1bath units, a common laundry area with coin operated washer and dryer, secure keypad access, central A/C, and recent cosmetic upgrades, including 3 new kitchens, vinyl flooring and new bathroom fixtures. This turnkey four-plex is situated within walking distance to downtown St. Thomas, tenants have easy access to multiple grocery stores, bank branches, restaurants, cafes, and bars as well as quick access to public transit. Explore the potential with a sizeable rear yard suitable for the installation of 3-4 parking spots, an instant value add to your portfolio.

Welcome to 54 Elizabeth Street, an exceptional investment opportunity in the heart of St. Thomas. Key features include 4 self contained 1bed/1bath units, a common laundry area with secure keypad access, central A/C, and 3 units with recent cosmetic upgrades, including new kitchens, vinyl flooring and new bathroom fixtures. This turnkey fourplex is situated within walking distance to downtown St. Thomas, tenants will have easy access to multiple grocery stores, bank branches, restaurants, cafes, and bars as well as quick access to public transit. As a bonus for the discerning investors, act fast and secure this property completely vacant by October 1st to set your own market rents and select the best tenants to maximize your investment returns! Financial Highlights: Potential Rental Income (conservative market rent= 2 units $1050 +hydro, 2 units $1150 inclusive): $52,800/year Total Operating Expenses: $9,585/year. Net Operating Income: $43,215/year. Potential Cap Rate: 7.2%