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view of front of property featuring brick siding and board and batten siding

view of building exterior featuring a residential view Features: residential view

unfurnished living room with brick wall, an ornate ceiling, and light wood-style floors Features: high ceiling, natural light, l shaped kitchen, range oven, brick wall, refrigerator, hardwood floor

unfurnished living room featuring brick wall, light wood-type flooring, and an ornate ceiling Features: vent, brick wall, hardwood floor, high ceiling, refrigerator

empty room featuring light wood-style flooring, brick wall, and an ornate ceiling Features: vent, high ceiling, hardwood floor, brick wall

unfurnished living room featuring brick wall, an ornate ceiling, and light wood-style floors Features: vent, brick wall, oven, l shaped kitchen, high ceiling, hardwood floor, natural light

kitchen featuring white cabinets, a kitchen island, black appliances, stone finish floors, and an ornate ceiling Features: white cabinets, shaker cabinets, sink, stone countertops, high ceiling, range oven, kitchen island, refrigerator, l shaped kitchen, backsplash

kitchen featuring freestanding refrigerator, white cabinetry, electric range oven, stone finish flooring, and an ornate ceiling Features: backsplash, sink, white cabinets, brick wall, l shaped kitchen, natural light, shaker cabinets, refrigerator, range oven, kitchen island, stone countertops

unfurnished room featuring light wood-style flooring and baseboards Features: vent, hardwood floor

unfurnished room featuring an ornate ceiling and light wood-style flooring Features: hardwood floor

finished basement featuring an ornate ceiling and light wood finished floors Features: hardwood floor, vent

walk in closet with light wood finished floors Features: hardwood floor

detailed view of brick wall, an ornate ceiling, and white cabinetry Features: range oven, white cabinets, countertops, oven, shaker cabinets

spare room featuring track lighting and carpet flooring Features: track lighting, carpet, smoke carbon monoxide detector

spare room featuring light carpet and track lighting Features: carpet, natural light, track lighting

empty room featuring light carpet, a heating unit, and track lighting Features: carpet, natural light, track lighting

kitchen with white appliances, two tone cabinetry, and tasteful backsplash Features: backsplash, stone countertops, white cabinets, sink, track lighting, natural light, visible hinge cabinets, refrigerator, blue cabinets, range oven

two tone kitchen with white appliances, dual tone cabinets, tasteful backsplash, and track lighting Features: range oven, sink, natural light, track lighting, refrigerator, visible hinge cabinets, blue cabinets, white cabinets, stone countertops, backsplash

unfurnished bedroom featuring lofted ceiling, light wood-type flooring, and freestanding refrigerator Features: hardwood floor, vaulted ceiling, wall mounted ac, low ceiling, natural light, refrigerator, two closets

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For Sale - 241 ROSS Street, St. Thomas, Ontario

241 Ross Street

St. Thomas , Ontario

8 $849,999

Est payment $4,082/mo

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Time on Jump 45 day

AI Summary *

Fully renovated triplex with three separate units and quality tenants.
Bright interiors with high ceilings create a welcoming atmosphere.
Parking available for up to four vehicles for added convenience.
Offers cash flow with a conservative and realistic 7% CAP rate.
Potential to add a fourth unit in the basement for extra profit.

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Purchase Price

Term

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Down Payment:
$ 42,499 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

Exceptional 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.

Listing IDX12805024

Address241 ROSS Street

CitySt. Thomas, Ontario

Price$849,999

Bed8

StyleInvestment

TypeIndustrial/Commercial

StatusFor Sale

Extras

Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Gas Forced Air Closed

Market Info

Listing Agency:
EXP REALTY

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Listing Agency:
EXP REALTY

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For Sale - 241 ROSS Street, St. Thomas, Ontario

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Property Info

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Market Info

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