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$ 499,999
Est. payment | /mo
3 Beds
3 Baths
4,983 Sqft Lot
$ 499,999
Est. payment | /mo
3 Beds
3 Baths
4,983 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision St. Thomas
MLS Listing ID X13109596
Style 2-Storey
Bedrooms 3
Annual Tax Amount $2,394
Tax Year 2025
Lot Size 4,983 Sqft
Property Sub-Type Triplex
Property Description
An exceptional opportunity to own a well-maintained and extensively updated triplex offering strong income potential and long-term investment stability. This property features three self-contained 1-bedroom units, private outdoor spaces, and numerous capital improvements throughout. Unit 1 - (Main Floor) Front Bright and inviting 1-bedroom unit featuring a covered front porch. Long-term month-to-month tenant currently paying $698/month + hydro. Unit 2 - (Upper Unit) 1-bedroom unit with a private balcony. Currently leased at $1,035.32/month + hydro. Unit 3 - (Main Floor Back) Fully renovated in 2023 with a modern open-concept layout, this stylish 1-bedroom unit includes a covered porch and large private rear deck. Currently leased at $1500. Additional income is generated through a coin-operated washer and dryer installed in 2021, averaging approximately $800-$1,000 annually. Recent Updates Include: Shingles (2019), Main porch railing (2020), Front door with keyless entry (2020), Most windows replaced, Main floor front unit renovation (2020), including flooring, paint, trim, and bathroom updates, Upper unit flooring updates (2021), New furnace with dual heat control (November 2021), Owned water heaters. This property also offers two driveways with parking for three vehicles. Covered porches and private outdoor areas enhancing tenant appeal and overall value. A turnkey addition to any investment portfolio with reliable rental income, quality tenants, and significant recent improvements.
Location
Province ON
County Elgin
Area Elgin
Rooms
Family Room Yes
Basement Separate Entrance
Kitchen 3
Interior
Interior Features Water Heater Owned
Cooling Central Air, Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Shingles
Lot Frontage 58.5
Lot Depth 83.5
Total Parking Spaces 3
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by BLUE FOREST REALTY INC.
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