79 St Catharine Street St. Thomas, Ontario N5P 2V9

$419,900

Investor Alert! This well-maintained duplex presents an excellent opportunity with annual rental income of $34,332 and a solid 7% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently month-to-month at $1,486/month + Hydro. Month to month tenants provide the flexibility of moving in and letting the other unit cover part of your mortgage. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and was just leased for $1375/month + Hydro. Vacant possession of both units is an option as well! Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this fully rented duplex checks all the boxes. (id:53015)

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https://www.realtor.ca/real-estate/28560711/79-st-catharine-street-st-thomas-st-thomas