MULTI-FAMILY TRIPLEX IN DESIRABLE ST. THOMAS NEIGHBORHOOD - PERFECT FOR INVESTORS!
Asking Price: $599,999
About 109 Flora Street:
Welcome to the beautiful city of St. Thomas, where the air is fresher, the sun shines brighter, and the people are friendly. We have a fantastic opportunity for you to invest in a multi-family triplex located in the desirable NW subdivision.
This freehold property sits on a charming lot that spans just under half an acre and boasts a frontage of 44 feet. The exterior of this detached home is finished with durable and low-maintenance aluminum siding, ensuring that it remains beautiful for years to come.
As you step inside, you'll notice that the interior features of this triplex are just as impressive as the exterior. With 1848 square feet of living space, the property has a lot of room to offer. The first floor features a spacious and bright living area, perfect for entertaining guests or relaxing with family.
The second floor has a total of three units, each with its own unique charm. The units vary in size, but each one is equipped with all the necessary amenities to make your tenants feel right at home.
One of the most significant advantages of this property is the natural gas boiler heating, which is incredibly efficient and cost-effective. You'll be able to save a lot of money on your energy bills, making this investment even more attractive.
The basement is partially unfinished, which gives you plenty of room to add your own personal touch. You can convert it into a storage area, a laundry room, or even an additional living space. The possibilities are endless.
As for the neighborhood, you'll be pleased to know that it's located in a quiet and peaceful area, perfect for families and professionals. There are several schools nearby, making it an ideal location for families with young children. There are also plenty of amenities nearby, such as shopping centers, restaurants, and parks, making it an excellent choice for anyone looking for convenience and comfort.
This triplex is an excellent investment opportunity for anyone looking to start or expand their real estate portfolio. With three separate units, you'll be able to generate a steady stream of income from your tenants, which is incredibly beneficial in the long run.
The property is zoned R3, which means that there are plenty of opportunities for future development. You could add more units, renovate the existing ones, or even sell the property in the future for a higher price.
Overall, this multi-family triplex is an excellent investment opportunity that you won't want to miss. It's located in a desirable area, has plenty of square footage, and is equipped with all the necessary features to make your tenants feel right at home. Contact us today to schedule a viewing and see for yourself why this property is the right choice for you.
This property also matches your preferences:
Features of Property
Multi-family
Triplex
2
1848
NW
Freehold
under 1/2 acre
This property might also be to your liking:
Features of Building
0
Partial (Unfinished)
Detached
None
1848
3
None
Boiler, (Natural gas)
Municipal sewage system
Municipal water
Aluminum siding
Quiet Area
Schools
Plot Details
44 ft
R3
Property Agent
JEFF WYBO
THE AGENCY REAL ESTATE
304-1886 OXFORD STREET WEST, LONDON, Ontario N6K0J8