79 ST CATHARINE STREET, St. Thomas, Ontario
$419,900
- 3 Beds
- 2 Baths
Investor Alert! This well-maintained duplex presents an excellent opportunity with annual rental income of $34,332 and a solid 7% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently month-to-month at $1,486/month + Hydro. Month to month tenants provide the flexibility of moving in and letting the other unit cover part of your mortgage. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and was just leased for $1375/month + Hydro. Vacant possession of both units is an option as well! Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this fully rented duplex checks all the boxes. (id:56241)
- Listing ID: X12263713
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 79 ST CATHARINE STREET in St. Thomas Ontario. It was last modified on July 4th, 2025. Contact us to schedule a viewing or to discover other St. Thomas real estate for sale.