Link Copied
Listed price in listed location currency (CAD).
$429,900

542

MLS® X13109744

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential
Size -
Garage None
Taxes $3,341
Days Active 32
Lot Size 
Approx. Age 
MLS® Number X13109744

Property Address: 35-37 Kains St, St. Thomas, ON, N5P1N1

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

Description

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!
MLS® NumberX13109744
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementUnfinished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 11, 2026List Date
$429,900List Price
  • Commute

Commute

Starting Address
Destination Address
35-37 Kains St, St Thomas, ON
Loading...

Similar Listings

Comparable Properties