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$ 629,000
Est. payment /mo
New
47 Forest AVE St. Thomas, ON N5R 2J1
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision St. Thomas
MLS Listing ID X12688398
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,184
Tax Year 2025
Property Sub-Type Triplex
Property Description
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.
Location
Province ON
County Elgin
Area Elgin
Rooms
Family Room No
Basement Unfinished
Kitchen 3
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 52.79
Lot Depth 120.0
Total Parking Spaces 6
Building
Foundation Concrete
Others
ParcelsYN No
Listed by BLUE FOREST REALTY INC.