35-37 Kains Street, St. Thomas, ON N5P 1N1
St. Thomas, ON, N5P 1N1 · St. Thomas
About this property
An exceptional opportunity to acquire a solid, income-producing legal fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September while the new owner finds a tenant to occupy the unit. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential yearly rental income with the property fully tenanted is just under $40,000 with an NOI of just under $30,00 and boasts a potential cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today!
Features & Amenities
- Basement: Unfinished
- Garage: None
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Other
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Lot Size | 0 Feet |
| Basement | Unfinished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Baseboard |
| Heat Source | Other |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $3,341 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Hydro Meter
Exterior Features
- Exterior Features
- Porch, Privacy
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Unfinished
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Other
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.08
- Lot Size Units
- Feet
- Lot Depth
- 68.65
- Lot Width
- 53.25
Community & Neighborhood
- Property Features
- Public Transit, Place Of Worship, School, Library, Park
Financial & Tax
- Tax Annual Amount
- $3,341
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 17
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Elgin
- Cross Street
- Flora Street
- Directions
- turn onto Kains Street, property is on the corner of Flora and Kains
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
35-37 Kains Street, St. Thomas, ON N5P 1N1, St. Thomas, ON, N5P 1N1