6 Beds 3 Bath

47 Forest Avenue, St. Thomas, ON N5R 2J1

St. Thomas N5R 2J1 Ontario

MLS: X12688398

$629,000

Added 5 hours ago | For Sale

Listed by: BLUE FOREST REALTY INC.

About Property

Excellent investment opportunity with this well-maintained legal triplex featuring three spacious 2-bedroom units. Each unit offers very large bedrooms and a private, separate entrance. Beautifully upgraded throughout, the property has been consistently cared for and clearly shows pride of ownership. The building generates strong income with gross rents of $4,343 per month, including revenue from coin-operated laundry. Tenants pay their own hydro and water, helping keep operating expenses low. Additional highlights include six on-site parking spaces, a highly desirable amenity for tenants .Recent upgrades include new wiring throughout, new insulation in the roof, all walls, and basement, a new asphalt roof, and replacement of the main sewer line .An ideal opportunity for investors or owner-occupiers seeking a turnkey, income-producing property.

Features

  • House Style:Triplex
  • Bathrooms:3
  • Land Size: 52.79 X 120
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Smith Ave to Forest Ave
  • Basement:Unfinished , Unfinished
  • Possession Date:
  • Annual Property taxes: $4184
  • Bedrooms:6
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12688398

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