2.5 Antrim Street, St. Thomas, ON N5P 1S3
- $519,900
- 3
- BD
- 3
- BA
- 1,500
- SqFt
- List Price
- $519,900
- MLS#
- X14085164
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 1 1/2 Storey
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1500-2000
- Province
- ON
- Municipality
- St. Thomas
- Area
- Elgin
- Neighborhood
- St. Thomas
- Subdivision
- Antrim & St. Catharine
Property Description
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!
Additional Information
- Taxes
- $2,290
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 2
- Exterior
- Aluminum Siding, Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 1
- Parking Type
- Mutual
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Listing courtesy of ROYAL LEPAGE TRILAND REALTY.