Welcome to this well maintained up and down duplex in St. Thomas, offered with vacant possession, an excellent opportunity for investors or buyers looking for a home with a built-in mortgage helper. With two separate 2-bedroom units, this property provides flexibility for a variety of ownership strategies, free of the delays or complications of existing tenancies. The property has undergone a complete renovation in previous years and has recently been freshly painted throughout. The upper unit features newer windows, and the property has a newer furnace serving both units. Each unit has its own dedicated parking space, with the upper unit also benefiting from a single car attached garage, an attractive feature for future tenants and a convenient bonus for storage. The unfinished basement provides ample additional storage and houses shared laundry facilities. From an investment perspective, the property offers the potential for approximately $3,550 per month in combined rental income, plus hydro, based on estimated market rents of approximately $1,750 per month for the upper unit and $1,800 per month for the lower unit. With the property vacant, a new owner can set rents at current market rates from day one, or move in immediately and offset carrying costs with income from the second unit. For an owner occupier, live in one unit and have the rental income from the other help offset your mortgage and carrying costs. For an investor, choose your own tenants and lease terms without inheriting existing arrangements. This is a practical duplex offering a combination of rental income potential, parking, garage space, and flexibility that is increasingly difficult to find. Whether you are looking to expand your rental portfolio or purchase a home with a mortgage helper, book your showing today to see this move-in ready opportunity for yourself. Some photos have been virtually staged for illustration purposes. (id:4069)
Address
69 KAINS STREET
List Price
$469,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
St Thomas
Bedrooms
4
Bathrooms
2
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
44 x 64 FT Sq. Ft.
Lot Depth
64 ft
Frontage Length
44 ft
MLS® Number
X14096894
Listing Brokerage
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Basement Area
Full (Unfinished)
Postal Code
N5P1N5
Parking Places (Total)
4
Site Influences
Park
Features
Flat site
Community Features
Community Centre
Amenities
Separate Electricity Meters
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Foundation Details
Concrete
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
