- Ontario
- St. Thomas
53 Gladstone Ave
CAD$724,900 Sale
53 Gladstone AveSt. Thomas, Ontario, N5R2L7
444| 1830 sqft
Open Map
Log in to view more information
Go To LoginSummary
ID40582850
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential House,Fourplex
RoomsBed:4,Bath:4
Square Footage1830 sqft
Land Sizeunder 1/2 acre
Age
Listing Courtesy ofBLUE FOREST REALTY INC.
Detail
Building
Bathroom Total4
Bedrooms Total4
Basement DevelopmentUnfinished
Cooling TypeNone
Exterior FinishVinyl siding
Fireplace PresentFalse
Foundation TypeBlock
Heating TypeForced air
Size Interior1830.0000
Stories Total2
Utility WaterMunicipal water
Basement
Basement TypePartial (Unfinished)
Land
Size Total Textunder 1/2 acre
Acreagefalse
AmenitiesPark,Place of Worship,Playground,Public Transit,Schools,Shopping
SewerMunicipal sewage system
Surrounding
Community FeaturesQuiet Area,Community Centre,School Bus
Ammenities Near ByPark,Place of Worship,Playground,Public Transit,Schools,Shopping
BasementUnfinished,Partial (Unfinished)
FireplaceFalse
HeatingForced air
Remarks
Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What's more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means tapping into the promising trajectory of St. Thomas. With the city witnessing significant investments from renowned multinational corporations like Amazon and Volkswagen, the long-term prospects for growth and appreciation are compelling. *Interior photos are from 2022 when the renovations completed* Don't miss out on this strategic portfolio piece that promises not only immediate returns but also the potential for substantial appreciation in the thriving St. Thomas market. Schedule a viewing today and secure your stake in this lucrative opportunity! (id:22211)
The listing data above is provided under copyright by the Canada Real Estate Association.
The listing data is deemed reliable but is not guaranteed accurate by Canada Real Estate Association nor RealMaster.
MLS®, REALTOR® & associated logos are trademarks of The Canadian Real Estate Association.
Location
Province:
Ontario
City:
St. Thomas
Community:
Sw