35-37 Kains Street St. Thomas, Ontario N5P 1N1
$429,900
An exceptional opportunity to acquire a solid, income-producing fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential income with property fully tenanted is just under $40,000 with an estimated cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today! (id:38604)
Property Details
| MLS® Number | X13109744 |
| Property Type | Multi-family |
| Community Name | St. Thomas |
| Amenities Near By | Public Transit, Place Of Worship, Schools, Park |
| Parking Space Total | 2 |
| Structure | Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Stove, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Other |
| Heating Type | Baseboard Heaters, Radiant Heat, Not Known |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship, Schools, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 68 Ft ,8 In |
| Size Frontage | 53 Ft ,3 In |
| Size Irregular | 53.3 X 68.7 Ft |
| Size Total Text | 53.3 X 68.7 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/29730856/35-37-kains-street-st-thomas-st-thomas
Contact Us
Contact us for more information
Aaron Wall
Salesperson
(519) 637-2300
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 11 2026 02:23:15
London and St. Thomas Association of REALTORS®
Elgin Realty Limited