35-37 Kains Street, St. Thomas — For Sale in St. Thomas
5 bed · 4 bath · Fourplex for sale in St. Thomas.
35-37 Kains Street, St. Thomas, ON N5P 1N1
About This Property
Now for sale at 35-37 Kains Street in St. Thomas: a 5-bedroom, 4-bathroom fourplex listed at $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!
Property Specifications
| MLS® Number | X13109744 |
|---|---|
| Status | For Sale |
| List Price | $429,900 |
| Property Type | Residential Freehold |
| Sub Type | Fourplex |
| Transaction Type | For Sale |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Parking | 2 spaces |
| Address | 35-37 Kains Street, St. Thomas, ON N5P 1N1 |
| City | St. Thomas |
| Postal Code | N5P 1N1 |
Listing Contracted With: ELGIN REALTY LIMITED
