About 45 Locust Street
Welcome to this two-storey home in the heart of St. Thomas an excellent investment opportunity for those looking to expand their real estate portfolio or secure a promising fixer-upper at an attractive price and 6.5% cap rate. Currently tenanted, the property offers immediate rental income, making it a smart choice for investors. Zoned R3, there is also potential for future development or expansion, adding long-term value to this versatile asset. The home features 5 bedrooms and 2 bathrooms, offering ample space and functionality. Located in a desirable area with established rental income and room for future growth, this property is a strong addition to any investment strategy. Whether you're looking for immediate returns or long-term upside, this St. Thomas opportunity is worth your consideration.
Features of 45 Locust Street
| MLS® # | X12192203 |
|---|---|
| Price | $279,900 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Acres | 0.00 |
| Type | Residential Freehold |
| Sub-Type | Detached |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 45 Locust Street |
|---|---|
| Area | Elgin |
| Subdivision | St. Thomas |
| City | St. Thomas |
| Province | ON |
| Postal Code | N5R 2C2 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Waterfront | None |
| Pool | None |
Interior
| Heating | Radiant |
|---|---|
| Cooling | None |
| Fireplace | Yes |
| Basement | Crawl Space |
Exterior
| Exterior | Vinyl Siding |
|---|
Listing Details
| Office | RE/MAX CENTRE CITY REALTY INC. |
|---|