Cell: 519-630-6786 joemavretic@remax.net

Property Details

207 ROSS Street, St. Thomas, Ontario, N5R3Y4

207 ROSS Street, St. Thomas, Ontario, N5R3Y4 (ID 40115899)
Representative
Joe Mavretic portrait
Joe Mavretic
Sales Representative
RE/MAX Centre City Realty Inc., Brokerage - St. Thomas*
Cell: 519-630-6786
Tel: 519-633-1000

$1,399,900 - For sale

ID#:40115899

Stress Free Investment Opportunity: 5 year old purpose built 12 plex - ENTIRE BUILDING IS FULLY LEASED by CMHA-Elgin until 2042 ( CMHA-Elgin fully responsible for ALL tenant dealings, vacancy loss and interior maintenance of all units- 100% occupancy rent paid monthly with automatic annual rent increases in accordance with rent increase guidelines of the RTA) Owned 10kw Microfit Solar Panel Installation (under contract until 2037), Entire Building constructed with emphasis on low maintenance + low energy consumption: Energy Star Windows, Energy Star Appliances (see chattel list), LED lighting throughout, low flush toilets, high efficiency boilers. Etc. Preferential Property Tax Reduction until 2042 (property tax savings of $9765.52 for 2020 tax season!) 12- One bedroom units (4 of which are barrier free) Controlled Entry, rear ramp with power assisted door, security camera system. Entire Building in as new condition. 2020 Gross Annual Income $82060.95, Net Income $50972.37 = Cap Rate of 3.64% (much better than any GIC) (id:2471)

Location Descriptionuse GPS

Property Details
  • Property Address:207 ROSS Street, St. Thomas, Ontario, N5R3Y4
  • Property Type:Multi-family
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Driveway:Visitor Parking
Structure Details for 207 ROSS Street, St. Thomas, Ontario, N5R3Y4
  • Building Age:2016
  • Bedrooms:12
  • Bathrooms:12
  • Floor Space:9726
  • Heating Type:Hot water radiator heat
  • Style:Detached
  • Storeys:3
  • Basement Type:Full (Finished)
  • Foundation Type:Poured Concrete
  • Cooling Type:None
  • Rental Equipment:None
  • Exterior Type:Vinyl siding
Amenities for 207 ROSS Street, St. Thomas, Ontario, N5R3Y4 Laundry- Coin operated, Landscaped
  • Amenities Nearby:Shopping
Representative
Joe Mavretic portrait
Joe Mavretic
Sales Representative
RE/MAX Centre City Realty Inc., Brokerage - St. Thomas*
Cell: 519-630-6786
Tel: 519-633-1000
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207 ROSS Street, St. Thomas, Ontario, N5R3Y4

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