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

    Est payment $4,082/mo
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    Views   2
    Time on Jump  19 day

    AI Summary *

    • Turn-key triplex fully renovated in a desirable neighborhood.
    • Each unit features bright updated interiors with high ceilings.
    • Property includes parking for up to four vehicles.
    • Opportunity for owner-occupants to generate cash flow.
    • Potential to create a fourth unit for additional profit.




    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.
    Listing IDX13426974
    Address241 ROSS Street
    CitySt. Thomas, Ontario
    Price$849,999
    Bed8
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

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

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    241 Ross Street
    St. Thomas , Ontario
    8 $849,999
    Get more info