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$489,900
St. Thomas
93 Myrtle Street, St. Thomas, Ontario, N5R2E9
This multi-family property in St. Thomas is for sale.
Presenting 93 Myrtle St a well-constructed, architecturally distinctive 2.5-story all-brick legal duplex, commanding a presence in a highly desirable, established neighbourhood in St Thomas. This property is an exceptional, revenue-generating asset defined by its impeccable maintenance and abundant inherent character throughout. The building is configured into two distinct, self-contained dwellings, with the main floor rented for $1595 plus a $50 flat fee for gas, and the upper rented for $1595 plus a $50 flat fee for gas. The spacious upper unit offers three generously sized bedrooms, while the comfortable lower unit features two dedicated bedrooms. Both residences benefit from their own separate kitchens and baths and laundry, ensuring maximum privacy and tenant appeal. A key advantage for ownership and tenancy management is the complete independence of utilities, including separate furnaces and hydro meters. This turnkey investment has been recently enhanced with significant capital improvements, including a newer roof , many newer windows, and dedicated upper and lower patios, providing private, desirable outdoor spaces for each unit. With its robust construction, essential utility separation, and prime location, this duplex represents a superior opportunity for an investor seeking a stable, high-quality addition to their portfolio. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 217 days on market, against an average age of 71 days across the listings currently for sale in this city
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.
This 5-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?
Approximate location — exact address confirmed upon showing
This home lists at $489,900, about 6.1× the local median household income of $80,000.
Carrying it typically needs a household income of about $95,695 (20% down, 25-yr amortization, stress-tested) — roughly 20% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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