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$434,900
Est. payment /mo
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision St. Thomas
MLS Listing ID X12263713
Style 1 1/2 Storey
Bedrooms 3
Building Age 100+
Annual Tax Amount $1,842
Tax Year 2025
Property Sub-Type Duplex
Property Description
Investor Alert! This well-maintained duplex presents an excellent opportunity with annual rental income of $34,332 and a solid 7.1% 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.
Location
Province ON
County Elgin
Community St. Thomas
Area Elgin
Zoning R4
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 1
Interior
Interior Features In-Law Suite, In-Law Capability, Accessory Apartment, Water Heater Owned, Sump Pump
Cooling None
Inclusions 2 x Refrigerators, 2 X Stoves, 1 x Washer and 1 x Dryer.
Exterior
Exterior Feature Deck
Parking Features Street Only
Pool None
Roof Type Asphalt Shingle
Lot Frontage 26.55
Lot Depth 86.76
Building
Foundation Concrete, Concrete Block
Others
Senior Community No
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Listed by SAKER REALTY CORPORATION