45 LOCUST ST new Save Request In-Person Tour Request Virtual Tour
St. Thomas,ON N5R 2C2
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision Sw
MLS Listing ID X12192203
Style 2-Storey
Bedrooms 5
Annual Tax Amount $2,596
Tax Year 2024
Property Sub-Type Detached
Property Description
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.
Location
State ON
County Elgin
Community Sw
Area Elgin
Zoning R3
Rooms
Family Room Yes
Basement Crawl Space
Kitchen 1
Interior
Interior Features None
Cooling None
Fireplaces Number 1
Inclusions APPLIANCES
Exterior
Exterior Feature Porch Enclosed
Parking Features Mutual
Pool None
Roof Type Asphalt Shingle
Lot Frontage 34.67
Lot Depth 120.0
Total Parking Spaces 2
Building
Foundation Concrete,Block
Others
Senior Community No