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$499,900
Available - For Sale
Listing ID: X13715044
Welcome to this well maintained up and down duplex in St. Thomas, offered with vacant possession, an excellent opportunity for investors or buyers looking for a home with a built-in mortgage helper. With two separate 2-bedroom units, this property provides flexibility for a variety of ownership strategies, free of the delays or complications of existing tenancies. The property has undergone a complete renovation in previous years and has recently been freshly painted throughout. The upper unit features newer windows, and the property has a newer furnace serving both units. Each unit has its own dedicated parking space, with the upper unit also benefiting from a single car attached garage, an attractive feature for future tenants and a convenient bonus for storage. The unfinished basement provides ample additional storage and houses shared laundry facilities. From an investment perspective, the property offers the potential for approximately $3,550 per month in combined rental income, plus hydro, based on estimated market rents of approximately $1,750 per month for the upper unit and $1,800 per month for the lower unit. With the property vacant, a new owner can set rents at current market rates from day one, or move in immediately and offset carrying costs with income from the second unit. For an owner occupier, live in one unit and have the rental income from the other help offset your mortgage and carrying costs. For an investor, choose your own tenants and lease terms without inheriting existing arrangements. This is a practical duplex offering a combination of rental income potential, parking, garage space, and flexibility that is increasingly difficult to find. Whether you are looking to expand your rental portfolio or purchase a home with a mortgage helper, book your showing today to see this move-in ready opportunity for yourself. Some photos have been virtually staged for illustration purposes.
Price $499,900
Taxes: $2,290
Occupancy by: Vacant
Address: 69 KAINS Street , St. Thomas, N5P 1N5, Elgin
Directions/Cross Streets: Kains St and Hughes St
Rooms: 12
Bedrooms: 4
Bedrooms +: 0
Washrooms: 2
Family Room: F
Basement: Unfinished
Full
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Upper
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Property Type: Duplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: Attached
(Parking/)Drive: Private
Drive Parking Spaces: 3
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: Park
Rec./Commun.Centre
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: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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TEAM GLASSER REAL ESTATE BROKERAGE INC.

69 KAINS Street , St. Thomas, N5P 1N5, Elgin

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Freehold - Duplex
Area: Elgin
Municipality: St. Thomas
Neighbourhood: St. Thomas
Style: 2-Storey
Lot Size: x 64.00(Feet)
Approximate Age: 100+
Tax: $2,290
Maintenance Fee: $0
Beds: 4
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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