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Last Updated : 57 Days ago
48.5 Mitchell St, St. Thomas, Ontario, SW
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48.5 Mitchell St, St. Thomas MLS Number: X9343846

SW, St. Thomas, Elgin, ON, N5R 2T9

$869,000

Status: For Sale

  • 5+2 Beds
  • 4 Baths
  • Area : 2000-2500 sqft
  • Property Type: Residential (Fourplex)
  • Property Taxes : $2757.00 (Tax Year:2023)
  • Listing Courtesy : Sutton Group - Forward Realty

48.5 Mitchell St Property Description

Located in the fast-growing St. Thomas, being fully rented with a 7.06% Cap Rate, this fourplex is within walking distance from multiple grocery stores; bank branches; a long list of local independent restaurants, cafes, bars, and bakeries; health and fitness options that will meet the needs of every demographic segment. Princess Ave Playhouse and St. Thomas-Elgin Public Art Centre are around the corner for art & entertainment. Elgin County Courthouse, City Hall, and St. and Thomas Public Library can all be reached on foot. Within 5-8 minutes BIKING DISTANCE, there are plenty of options for outdoor activities. Park and Recreational Facilities: V.A. Barrie Park with large open space, Athletic Park with soccer and other physical activities, and Pinafore Park for picnics, fishing, baseball, and splash pad & playground. National & Multi-national brands such as Walmart, Real Canadian Superstore, Staples, Canadian Tires, McDonald's, A&W, Popeye's, Starbucks, Swiss Chalet & Harvey's, Tim Hortons, Marble Slab Creamery are only a short drive away. This 4-plex features three(3) recently updated 2-bedroom units and one(1) 1-bedroom unit, with 4-car parking. Unit #1 main floor 2-bedroom unit features updated kitchen(cabinet door, countertop, sink & faucet), updated laundry facility, new vinyl floorings throughout eat-in kitchen and hallway, with hardwood flooring in living room and bedrooms, and updated bathroom. Unit #2 basement 2-bedroom unit has been updated with new vinyl floorings throughout, new laundry machines, and updated kitchen and bathroom. The overhauled Unit #3 upper level 2-bedroom unit has a new kitchen(cabinets, countertop, tiled backsplash, sink, faucet, & appliances), new bathroom with laundry(vanity, faucet, tiled shower), and new vinyl flooring throughout. This property currently is generating Rental Income of $71,160. After the Total Operating Expense of $9,782, the Net Operating Income is $61,385 annually.

48.5 Mitchell St Property Facts

Property Type :Residential
MLS Number :X9343846
Listing Type :Sale
Property Age :100+ years
Possession Date :
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Last Updated :11 Sep, 2024 (57 Days ago)
Source :TRREB
Area :Elgin
Postal Code : N5R 2T9
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48.5 Mitchell St Property Price & Tax Insights

Price : $869,000
Property Taxes :$2757.00
Tax Year :2023

48.5 Mitchell St, St. Thomas Property Details

Bedrooms :5 + 2
No. of Rooms :3
Air Conditioning :None
Heating :Water
Place of Worship :No
Cross Street :WEST OF PRINCESS AVE & MITCHELL ST INTERSECTION.
Bathrooms :4
Fuel :Gas
Approx Square Footage :2000-2500 sqft
Virtual Tour

Exterior Information

Exterior Finish :Alum Siding, Brick
Parking Space :0
Basement :Finished
Garage :None
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48.5 Mitchell St - Location Map and Landmarks

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FAQs: 48.5 Mitchell St, St. Thomas

  • Q:What is the Area Size of the 48.5 Mitchell St In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately 2000-2500 sq. ft and is strategically located in Elgin. The MLS No of this project is X9343846 and the Project is located in Ontario, Canada
  • Q: Does this Project 48.5 Mitchell St available for Sale ?

    A: The project 48.5 Mitchell St is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 48.5 Mitchell St is Offering?

    A:Square Yards is giving a Cashback of $4,345 if you buy this property from us, however there are several key features offered by the 48.5 Mitchell St. You get 5+2 Beds with 4 Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Parking Space available in this 48.5 Mitchell St?

    A: 48.5 Mitchell St in Elgin offers a total of 0 parking spaces for residents.
  • Q:How many Beds & Baths available in 48.5 Mitchell St, Elgin?

    A: 48.5 Mitchell St, Elgin comes with 5+2 Beds for maximum convenience and space. There are 4 baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Elgin, On?

    A:Elgin, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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