79 St Catharine Street St. Thomas, Ontario N5P 2V9
$419,900
Investor Alert! This well-maintained duplex presents an excellent opportunity with annual rental income of $34,332 and a solid 7.4% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently month-to-month at $1,486/month + utilities. Month to month tenants provide the flexibility of moving in and letting the other unit cover part of your mortgage. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and was just leased for $1375/month + utilities. Vacant possession of both units is an option as well! Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this fully rented duplex checks all the boxes. (id:41954)
Property Details
| MLS® Number | X12263713 |
| Property Type | Multi-family |
| Community Name | St. Thomas |
| Features | Sump Pump, In-law Suite |
| Structure | Deck |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Age | 100+ Years |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Concrete, Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1100 - 1500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage | |
| Street |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 86 Ft ,9 In |
| Size Frontage | 26 Ft ,7 In |
| Size Irregular | 26.6 X 86.8 Ft |
| Size Total Text | 26.6 X 86.8 Ft |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/28560711/79-st-catharine-street-st-thomas-st-thomas
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July 28 2025 02:24:05
London and St. Thomas Association of REALTORS®
Saker Realty Corporation