241 Ross Street
SW St. Thomas N5R 3Y5

$999,888
Residential Income beds: 8 baths: 3.0 built: 1900

Main Photo: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 1: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 2: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 3: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 4: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 5: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 6: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 7: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 8: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 9: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 10: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 11: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 12: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 13: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 14: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 15: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 16: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 17: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 18: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 19: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 20: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Photo 21: 241 Ross Street in St. Thomas: SW Multi-3 Unit for sale : MLS®# 40368571
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
40368571
Bedrooms:
8
Bathrooms:
3
Year Built:
1900
ATTENTION INVESTORS: 6% CAP!! This is the property you've been looking for. With a strong cap rate and solid rents, you will love this investment. Formerly a 4 plex with commercial space now fully residential. It was renovated back to the studs in 2015 and other updates over the last 2 years, each unit is in great condition. Coin laundry on the main floor and parking for 4 vehicles. Friendly neighbours & close amenities makes this a wonderful rental for tenants. Don't wait, book your viewing today.
Property Type:
Residential Income
Type:
Multi-3 Unit
Year built:
1900 (Age: 123)
Listing General Location:
SW, St. Thomas
Bedrooms:
8
Bathrooms:
3.0 (Full:-/Half:-)
Lot Details:
60 x 47.5
Lot Depth:
60'
Lot Frontage:
47'6"
Frontage Type:
East
Kitchens:
0
County Or Parish:
Elgin
Property Attached:
Detached
Features:
Attached Garage: Yes, Garage: Yes, New Construction: No
Construction:
Brick, Stone, Other
Basement:
Full, Unfinished
Foundation:
Poured Concrete
UFFI:
No
Roof:
Asphalt
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
2,928.83 sq. ft.
Finished Area Above Grade:
2,928.83 sq. ft.
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal-Metered
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air
Age Electric:
2015
Age Plumbing:
2015
Age Tank:
2015
Garage Door Opener,Dryer, Washer, Refridgerator, Stove
Refrigerator, Stove
Excluding Security Cameras.
None
false
No
South from Talbot Street on Ross Street. Property located on left hand side at Ross and Locus Street.
None
Assessment Roll Number:
342104040002600
Assessment Year:
2023
HST Applicable To Sale Price:
Included
Features:
Attached Garage: Yes, Garage: Yes, New Construction: No
Insurance Expense:
$1,920
Expenses:
Actual
Net Income:
$59,015.54
Lease Term Remaining:
Two units can be vacant at time of listing the property.
Rental Income Potential:
Yes
Zoning:
R3
Accessibility:
Fire Escape, Accessible Entrance
Land Lease Amount:
0.0
Exposure / Faces:
East
Lot Site Features:
Urban, Open Spaces, Park, Public Transit, Schools, Shopping Nearby, Trails
Features:
Attached Garage: Yes, Garage: Yes, New Construction: No
Garage Spaces:
1.0
Parking Places Covered:
1.0
Parking:
Attached Garage, Garage Door Opener, Compact, Asphalt
# Of Open Parking Spaces:
3.0
Driveway Parking:
Covered Parking, Outside/Surface/Open
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Listed Date:
Jan 23, 2023
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Listed by CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
Data was last updated January 29, 2023 at 11:50 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$498,000
Min list price:
$399,000
Max list price:
$2,820,000
Avg days on market:
80
Min days on market:
6
Max days on market:
117
Avg price per sq.ft.:
$269.92
These statistics are generated based on the current listing's property type and located in St. Thomas. Average values are derived using median calculations.
St. Thomas Town & Country Realty Inc