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44 Jackson Street St. Thomas, Ontario N5P 2R9

30 Bedroom 24 Bathroom 10,000 sqft
Other

$4,150,000

An exceptional opportunity to acquire a well-established, income-producing 24-unit apartment building at 44 Jackson Street in St. Thomas. This investment property offers a desirable unit mix consisting of 1 bachelor, 17 one-bedroom and 6 two-bedroom apartments, appealing to a broad rental market. With a history of consistent occupancy, established rental income and a 5% capitalization rate, this property presents an attractive opportunity for investors seeking stability and long-term growth potential. The building benefits from an on-site superintendent providing day-to-day oversight, along with renovated units that enhance tenant appeal. Ideally situated in an established residential neighbourhood, the property backs onto an athletic field, offering an appealing open setting and recreational surroundings. Ample on-site parking adds further convenience for residents. The location offers convenient access to public transit just a short distance away, along with nearby shopping, schools, recreational facilities and everyday amenities. Situated in the growing community of St. Thomas, this property combines a desirable residential setting with excellent accessibility and investment appeal. An outstanding opportunity to acquire an established multi-residential asset offering immediate income, operational stability and potential for long-term appreciation. An excellent addition to any investment portfolio! (id:66690)

Property Details

MLS® Number 40873212
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Public Transit, Schools, Shopping
Features Paved Driveway, Laundry- Coin Operated
Parking Space Total 24

Building

Bathroom Total 24
Bedrooms Total 30
Basement Type None
Constructed Date 1967
Exterior Finish Brick, Vinyl Siding
Heating Fuel Natural Gas
Heating Type Other
Stories Total 3
Size Interior 10,000 Sqft
Utility Water Municipal Water

Parking

None
Open

Land

Access Type Highway Access
Acreage No
Land Amenities Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 265 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description R3

https://www.realtor.ca/real-estate/30458633/44-jackson-street-st-thomas

Contact Us

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Peak Realty Ltd.
25 Bruce Street
Kitchener, Ontario N2B 1Y4

(519) 747-0231
www.peakrealtyltd.com/

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