Mitchell St

7 Bedroom Real Estate at 48.5 Mitchell St has been sold for $XXX,XXX. Click here to view details, map, and photos.

48.5 Mitchell St, Sold in Saint Thomas - eXp Realty

Attention Investors! Turnkey 4-Plex with POSITIVE CASH FLOW! This fully rented income-generating 4-plex in fast-growing St. Thomas is an exceptional opportunity for investors seeking strong returns. ANNUAL RENT INCOME FLOW: $71, 520 and a Net Operating Income of $61, 385, this property is already producing positive cash flow and requires minimal maintenance.The building features three recently updated 2-bedroom units and one 1-bedroom unit, each offering modern finishes and upgrades. The main-floor 2-bedroom unit has been refreshed with an updated kitchen, featuring new cabinet doors, countertops, sink, and faucet, along with an updated laundry area. New vinyl flooring extends through the eat-in kitchen and hallway, while the living room and bedrooms boast hardwood floors. The bathroom has also been upgraded, adding to the units appeal.The basement 2-bedroom unit has been updated with new vinyl flooring throughout, new laundry machines, and a modernized kitchen and bathroom, ensuring a comfortable living space for tenants. The upper-level 2-bedroom unit has undergone a complete renovation, including a brand-new kitchen with new cabinets, countertops, tiled backsplash, sink, faucet, and appliances. The bathroom has been fully modernized with a new vanity, faucet, and tiled shower, while new vinyl flooring extends throughout the unit. The 1-bedroom unit remains well-maintained and continues to attract stable tenancy.With 4-car parking and a prime location within walking distance of shops, restaurants, cafes, parks, trails, and schools, this property offers both convenience and long-term investment stability. St. Thomas is experiencing rapid growth, making this the perfect time to invest in a high-demand rental market. Don't miss out on this turnkey investment opportunity.

Attention Investors! Turnkey 4-Plex with POSITIVE CASH FLOW! This fully rented income-generating 4-plex in fast-growing St. Thomas is an exceptional opportunity for investors seeking strong returns. With an annual rental income of $71, 160 and a Net Operating Income of $61, 385, this property is already producing positive cash flow and requires minimal maintenance.The building features three recently updated 2-bedroom units and one 1-bedroom unit, each offering modern finishes and upgrades. The main-floor 2-bedroom unit has been refreshed with an updated kitchen, featuring new cabinet doors, countertops, sink, and faucet, along with an updated laundry area. New vinyl flooring extends through the eat-in kitchen and hallway, while the living room and bedrooms boast hardwood floors. The bathroom has also been upgraded, adding to the units appeal.The basement 2-bedroom unit has been updated with new vinyl flooring throughout, new laundry machines, and a modernized kitchen and bathroom, ensuring a comfortable living space for tenants. The upper-level 2-bedroom unit has undergone a complete renovation, including a brand-new kitchen with new cabinets, countertops, tiled backsplash, sink, faucet, and appliances. The bathroom has been fully modernized with a new vanity, faucet, and tiled shower, while new vinyl flooring extends throughout the unit. The 1-bedroom unit remains well-maintained and continues to attract stable tenancy.With 4-car parking and a prime location within walking distance of shops, restaurants, cafes, parks, trails, and schools, this property offers both convenience and long-term investment stability. St. Thomas is experiencing rapid growth, making this the perfect time to invest in a high-demand rental market. Don't miss out on this turnkey investment opportunity.Schedule your showing today!

Located in the fast-growing St. Thomas, being fully rented with a 7.06% Cap Rate, this fourplex is within walking distance from multiple grocery stores; bank branches; a long list of local independent restaurants, cafes, bars, and bakeries; health and fitness options that will meet the needs of every demographic segment. Princess Ave Playhouse and St. Thomas-Elgin Public Art Centre are around the corner for art & entertainment. Elgin County Courthouse, City Hall, and St. And Thomas Public Library can all be reached on foot. Within 5-8 minutes BIKING DISTANCE, there are plenty of options for outdoor activities. Park and Recreational Facilities: V.A. Barrie Park with large open space, Athletic Park with soccer and other physical activities, and Pinafore Park for picnics, fishing, baseball, and splash pad & playground. National & Multi-national brands such as Walmart, Real Canadian Superstore, Staples, Canadian Tires, McDonald's, A&W, Popeye's, Starbucks, Swiss Chalet & Harvey's, Tim Hortons, Marble Slab Creamery are only a short drive away. This 4-plex features three(3) recently updated 2-bedroom units and one(1) 1-bedroom unit, with 4-car parking. Unit #1 main floor 2-bedroom unit features updated kitchen(cabinet door, countertop, sink & faucet), updated laundry facility, new vinyl floorings throughout eat-in kitchen and hallway, with hardwood flooring in living room and bedrooms, and updated bathroom. Unit #2 basement 2-bedroom unit has been updated with new vinyl floorings throughout, new laundry machines, and updated kitchen and bathroom. The overhauled Unit #3 upper level 2-bedroom unit has a new kitchen(cabinets, countertop, tiled backsplash, sink, faucet, & appliances), new bathroom with laundry(vanity, faucet, tiled shower), and new vinyl flooring throughout. This property currently is generating Rental Income of $71, 160. After the Total Operating Expense of $9, 782, the Net Operating Income is $61, 385 annually.

Located in the The Spires, this Fourplex is within walking distance from multiple grocery stores; bank branches; a long list of local independent restaurants, cafes, bars, and bakeries; health and fitness options that will meet the needs of every demographic segment. Princess Ave Playhouse and St. Thomas-Elgin Public Art Centre are around the corner for art &amp; entertainment. Elgin County Courthouse, City Hall, and St. And Thomas Public Library can all be reached on foot. Within 5-8 minutes BIKING DISTANCE, there are plenty of options for outdoor activities. Park and Recreational Facilities: V.A. Barrie Park with large open space, Athletic Park with soccer and other physical activities, and Pinafore Park for picnics, fishing, baseball, and splash pad &amp; playground. National &amp; Multi-national brands such as Wal-Mart, Real Canadian Superstore, Staples, Canadian Tires, McDonald's, A&amp;W, Popeye's, Starbucks, Swiss Charlet &amp; Harvey's, Tim Hortons, Marble Slab Creamery are only a short drive away. This 2, 208-sqft(AG) 4-plex features three(3) recently updated 2-bedroom units and one(1) 1-bedroom unit, with 4-car parking. Unit #1 main floor 2-bedroom unit features updated kitchen(cabinet door, countertop, sink &amp; faucet), updated laundry facility, new vinyl floorings throughout eat-in kitchen and hallway, with hardwood flooring in living room and bedrooms, and updated bathroom. Unit #2 basement 2-bedroom unit has been updated with new vinyl floorings throughout, new laundry machines, and updated kitchen and bathroom. The overhauled Unit #3 upper level 2-bedroom unit has a new kitchen(cabinets, countertop, tiled backsplash, sink, faucet, &amp; appliances), new bathroom with laundry(vanity, faucet, tiled shower), and new vinyl flooring throughout. This property is generating Rental Income of $71, 160. Total Operating Expense is $11, 157. The Net Operating Income is $60, 003 annually. That means a 6.67% Capitalization Rate for the investors who are searching for good return on capital!

48.5 Mitchell St, Saint Thomas, ON

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