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$279,900
Available - For Sale
Listing ID: X12192203
Welcome to this two-storey home in the heart of St. Thomas an excellent investment opportunity for those looking to expand their real estate portfolio or secure a promising fixer-upper at an attractive price and 6.5% cap rate. Currently tenanted, the property offers immediate rental income, making it a smart choice for investors. Zoned R3, there is also potential for future development or expansion, adding long-term value to this versatile asset. The home features 5 bedrooms and 2 bathrooms, offering ample space and functionality. Located in a desirable area with established rental income and room for future growth, this property is a strong addition to any investment strategy. Whether you're looking for immediate returns or long-term upside, this St. Thomas opportunity is worth your consideration.
Price $279,900
Taxes: $2,596
Assessment Year: 2025
Occupancy by: Tenant
Address: 45 LOCUST Stre , St. Thomas, N5R 2C2, Elgin
Acreage: < .50
Directions/Cross Streets: ROSS STREET
Rooms: 10
Bedrooms: 5
Bedrooms +: 0
Washrooms: 2
Family Room: T
Basement: Crawl Space
No. of Pieces Level
Washroom 1 4 Main
Washroom 2 3 Second
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 4 Main
Washroom 7 3 Second
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 4 Main
Washroom 12 3 Second
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 4 Main
Washroom 17 3 Second
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 4 Main
Washroom 22 3 Second
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 4 Main
Washroom 27 3 Second
Washroom 28 0
Washroom 29 0
Washroom 30 0
Washroom 31 4 Main
Washroom 32 3 Second
Washroom 33 0
Washroom 34 0
Washroom 35 0
Property Type: Detached
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Mutual
Drive Parking Spaces: 2
Park #1
Parking Type: Mutual
Park #2
Parking Type: Mutual
Pool: None
Approximatly Square Footage: < 700
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX CENTRE CITY REALTY INC.

45 LOCUST Stre , St. Thomas, N5R 2C2, Elgin


 
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At a Glance:
Type: Freehold - Detached
Area: Elgin
Municipality: St. Thomas
Neighbourhood: St. Thomas
Style: 2-Storey
Lot Size: x 120.00(Feet)
Approximate Age:
Tax: $2,596
Maintenance Fee: $0
Beds: 5
Baths: 2
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
Locatin Map:
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Down Payment: %
Rate: %
Amortization:  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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