CAONSaint Thomas241 Ross St
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241 Ross St, Saint Thomas, ON

House

For Sale

Listed price in listed location currency (CAD).
$849,999

805

MLS® X13426974

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage Other
Taxes $3,211
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13426974

Property Address: 241 Ross St, Saint Thomas, ON, N5R3Y5

Average square foot calculated using Size range provided by listing agent.

Description

CASH FLOWING Turn-Key Triplex in St. Thomas! 241 Ross St offers an outstanding cashflow opportunity, featuring a fully renovated three-unit property situated in a desirable and well-established neighbourhood. The property is fully leased with quality tenants and offers separately metered units. Each unit showcases bright, updated interiors with high ceilings, and the property includes parking for up to four vehicles. This is a clean, low-maintenance asset delivering immediate and stable cash flow, with the added flexibility for an owner to occupy one of the units if desired. Importantly, the property achieves a TRUE 7% CAP RATE, calculated conservatively and inclusive of maintenance, professional property management, and vacancy allowance, offering investors a realistic and properly underwritten return, with additional upside potential for a self-managed buyer who can retain the management costs. There is also the opportunity for an owner-occupant to move into one of the units while generating cash flow from the remaining suites, making it an attractive option for both investors and those looking to offset their housing costs. Additionally, there is potential to create a fourth unit in the basement (subject to required zoning approvals and permits), presenting approximately $100K profit potential and further enhancing the overall upside of the investment. Buyer to complete their own due diligence regarding zoning, approvals, feasibility, and financial projections.
MLS® NumberX13426974
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageOther
Approx. Age
BasementDevelopment Potential
DrivewayGarage Type:Other
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 10, 2026List Date
$849,999List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
241 Ross St, Saint Thomas, ON

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RR

Listing Agent

RAMI RAHY

519-636-7996
JV

Listing Agent

JUAN VELEZ

866-530-7737
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