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41 Owaissa Street W, St. Thomas, Ontario N5P 1T1

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2132 sqft
Multi-unit Forced Air

$264,900.00

Welcome to 41 Owaissa St., Century brick up and down duplex located in Northwest St. Thomas. Walking distance to many amenities including the new Sobey's, library, restaurants, pharmacies, 4 banks and the bus to Walmart Mall. The main floor 3 bedroom unit rents for $925 and the upper 2 bedroom for $625. Both pay all utilities. Each unit has their own gas furnace and separate hydro meters. The main floor tenants do the lawn maintenance and have use of the single car garage and shed. Two driveways for up to 7 vehicles. Front roof done (2018). Expenses: taxes $2452 and insurance $1500. Gross revenue is $18,600. Net revenue $14,650. Cap rate is 5.33%. Both tenants would love to stay! Updates since 2014: newer kitchens, some newer windows, upper unit new bathroom and flooring. (id:16168)

Property Details

Listing ID 154417
Amenities Near By Airport, Hospital, Park, Public Transit, Schools
Equipment Type None
Parking Space Total 8
Rental Equipment Type None
Structure Shed, Porch

Building

Age Age Is Unknown
Architectural Style Multi-unit
Basement Development Finished
Basement Type Full (finished)
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Block, Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2132 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Airport, Hospital, Park, Public Transit, Schools
Sewer Municipal Sewage System
Size Frontage 62 Ft
Size Total Text Under 1/2 Acre
Zoning Description R4

Utilities

Cable Available

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=19922179