bungalow-style house featuring covered porch, roof with shingles, driveway, and a front yard Features: porch, lawn More Photos

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    For Sale - 25 Station Street, St. Thomas, Ontario

    Est payment $2,395/mo
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    Time on Jump  55 day

    AI Summary *

    • Legal triplex with long-term tenants and strong income potential.
    • Updated 2-bedroom unit with modern kitchen and stylish bathroom.
    • Upper studio easily convertible into a 1-bedroom for more income.
    • Detached shop adds extra monthly revenue and rental opportunities.
    • Included lot provides additional parking spaces for tenants.




    Fantastic investment opportunity in the growing city of st. Thomas! This 1. 5-storey legal triplex offers strong income with long-term tenants in place and significant upside as current rents are well below market. The property features three units plus a bonus detached shop that is leased for additional monthly revenue. The main front 2-bedroom unit has been fully updated with new flooring, trim, lighting, doors, hardware, a modern kitchen with updated appliances (fridge, stove, dishwasher, washer & dryer), and a stylish bathroom with a tiled shower. The upper studio unit has also been renovated and includes a gas fireplace, with the potential to convert it into a 1-bedroom by adding a wall. The rear 1-bedroom unit is efficiently heated with electric baseboards. Tenants pay separately metered hydro. The landlord pays water and heat for the main and upper units. Rents: 2-bedroom at $1,650, 1-bedroom at $666. 25, and studio at $556. 58. The detached rear shop provides an additional $515/month. One tenant is on a lease; the other two are month-to-month. Major improvements include: new roof and underlayment (2022), furnace replaced (2017), owned water heaters (2016), fresh exterior painting, and a new window in unit a. A small lot across the street (26 station st) is included in the sale, offering 3 extra parking spaces for a total of 4-5. This is a turnkey, low-maintenance income property with excellent future potential in a high-demand rental area. A great addition to any investor's portfolio.
    Listing IDX12763660
    Address25 Station Street
    CitySt. Thomas, Ontario
    Price$498,800
    Bed / Bath4 / 3 Full
    Style1 1/2 Storey, Triplex
    ConstructionAluminum Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Water Heater OwnedOwnership FreeholdBasement Unfinished, Crawl SpaceFoundation ConcreteHeating / Cooling BaseboardHeating Fuel GasSewer Sewer

    Parking 4.00
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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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    25 Station Street
    St. Thomas , Ontario
    4 3 $498,800
    Get more info