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    For Sale - 35-37 Kains Street, St. Thomas, Ontario

    Est payment $2,064/mo
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    Views   2
    Time on Jump  60 day

    AI Summary *

    • Income-producing fourplex with three long-term tenants for stable cash flow.
    • Recently updated vacant unit ideal for owner-occupant or new tenant.
    • Four separate hydro metres, offering convenience for tenants.
    • New boiler installed in 2024 for reliable heating.
    • Central location close to schools and shopping for tenant convenience.




    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!
    Listing IDX13109744
    Address35-37 Kains Street
    CitySt. Thomas, Ontario
    Price$429,900
    Bed / Bath5 / 4 Full
    Style2-Storey, Fourplex
    ConstructionBrick
    Land Size0.08
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Separate Hydro MeterOutdoor Features Porch, PrivacyAmenities Public Transit, Place Of Worship, School, Library, ParkOwnership FreeholdBasement UnfinishedFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel OtherSewer Sewer

    Parking 2.00
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    Listing Agency:  ELGIN REALTY LIMITED

    * 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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    35-37 Kains Street
    St. Thomas , Ontario
    5 4 $429,900
    Get more info