$699,000

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7 Church Street, St. Thomas - Multi-family for Sale

7 Church Street, St. Thomas, Ontario, N5R3E4

6 beds4 baths6 parking3,250 ft²100 × 99 ft (9,900 sq ft) lot sizeListed 86 days ago

Overview

This multi-family property in St. Thomas is for sale offering roughly 3,250 sq ft of space.

Multi-Family Properties for Sale in St. Thomas →All real estate in St. Thomas →

Description

Solid Brick Legal Fourplex for Sale. This well-maintained investment property offers two 1-bedroom units and two 2-bedroom units, all with long-term tenant retention. Tenants pay their own hydro and water. Additional features include private upper and lower sun decks for each unit, along with ample parking for all residents. Mature 20-ft cedar hedges provide exceptional privacy. The property is heated by a newer computerized gas hot water heating system, delivering excellent cost efficiency. The hot water heating System is rented, with all servicing and parts included. An excellent opportunity to acquire a turnkey, income-generating fourplex in a desirable and quiet neighborhood. Unit 3 has been recently updated with new kitchen cabinets, countertops, vinyl flooring, and a brand-new tub surround. (id:66096)

Property Details

MLS®: X13658906
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 4
Parking: 6
Interior Size: 3,250 ft²
Lot Size: 100 × 99 ft (9,900 sq ft)
Frontage: 100 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Natural gas
Cooling: None
Garage: Detached Garage, Garage
Property Tax: $4,959/yr
Listed: 86 days ago

Features

Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

86d

St. Thomas listings, avg age

71d

Price / ft²

$215

List price

$699K

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 6-bed multi-family in St. Thomas is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by BLUE FOREST REALTY INC. · MIKE FARHAT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5R)

This home lists at $699,000, about 8.7× the local median household income of $80,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 71% above the area median.

Median household income: $80,000
Population: 30,680
Median age: 44.8
Owner / renter: 74% / 26%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5R)

$699,000· $215/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$413/mo

Total monthly$4,040

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$10,455

Est. closing costs$4,597

Total cash needed$59,952

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7 Church Street, St. Thomas - Multi-family for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N5R)

Book a showing

Full Cost Breakdown