35-37 Kains Street St. Thomas, Ontario N5P 1N1
$429,900
An exceptional opportunity to acquire a solid, income-producing fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential income with property fully tenanted is just under $40,000 with an estimated cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today! (id:49269)
Property Details
| MLS® Number | X13109744 |
| Property Type | Multi-family |
| Community Name | St. Thomas |
| Amenities Near By | Public Transit, Place Of Worship, Schools, Park |
| Parking Space Total | 2 |
| Structure | Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Stove, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Other |
| Heating Type | Baseboard Heaters, Radiant Heat, Not Known |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship, Schools, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 68 Ft ,8 In |
| Size Frontage | 53 Ft ,3 In |
| Size Irregular | 53.3 X 68.7 Ft |
| Size Total Text | 53.3 X 68.7 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/29730856/35-37-kains-street-st-thomas-st-thomas
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May 11 2026 02:23:15
London and St. Thomas Association of REALTORS®
Elgin Realty Limited