$724,900 $3,891 est/mo Sourced by Back At You

53 Gladstone Avenue,St. Thomas, ON N5R 2L7

St. Thomas ON, N5R 2L7

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Description

Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What's more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means tapping into the promising trajectory of St. Thomas. With the city witnessing significant investments from renowned multinational corporations like Amazon and Volkswagen, the long-term prospects for growth and appreciation are compelling. *Interior photos are from 2022 when the renovations completed* Don't miss out on this strategic portfolio piece that promises not only immediate returns but also the potential for substantial appreciation in the thriving St. Thomas market. Schedule a viewing today and secure your stake in this lucrative opportunity!

Details

MLS#40582850
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site17
Listing Provided ByBLUE FOREST REALTY INC. | Sebastian Cruz

Features

Bed(s)4
Bath(s)4
SQ Feet1,830
BasementY
Story(s)2
Units4
ZoningR4
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 1 minute ago
ProvinceON
CountyElgin
CitySt. Thomas
Postal CodeN5R 2L7
AreaSt. Thomas
SubareaSW
Community NameSW
Listing VS Median (in SW)
Price:
$724,900
low | high
Med:
$571,950
71.099461994758% of Average
SqFt:
1,830
low | high
Med:
1,575
63.96174863388% of Average
$ / SqFt:
$396
low | high
Med:
$374
55.45895803109% of Average
On Site:
17
low | high
Med:
25.000000
68% of Average
Sourced by Back At You
Listing Updated: May 5, 2024 at 8:01:41 PM PDT