63 THOMAS STREET new Save Request In-Person Tour Request Virtual Tour
St. Catharines (downtown),ON L2R6M3
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $453
Subdivision 451 - Downtown
MLS Listing ID X12248892
Bedrooms 4
Source Niagara Association of REALTORS®
Property Description
Well cared for 2 storey with 3 self contained units located close to downtown which has been this same continued use for over 30 years by the last 4 owners from MLS history back to at least 1993. Double driveway at the back of property wide enough for 6 cars to park. 2024 painted stucco exterior, 2024 completed fenced in backyard with 3 gates, 2023 new concrete front pad with walkway. Front covered porch for upper 2 bedroom unit with 2021 all newer flooring in bedrooms, kitchen, livingroom, 4pc bathroom and 3rd floor finished loft. 1 bedroom basement unit with 4pc bathroom, porcelain flooring in livingroom and kitchen with 2020 new cabinets and countertop. 2020 added weeping tile along back wall and bedroom wall to sump pump. 2020 refinished back deck off the main floor 1 bedroom unit with livingroom, added pot lights in eat-in kitchen with 2024 blt-in dishwasher, added wall plumbing hookups in 4pc bathroom for laundry. 2020 furnace, 2018 shingles. All separate entrances for all 3 units. 200 amp breaker panel plus added 2015 sub panel. MPAC states this property has 3 self-contained units. Buyer to do their own due diligence on the legal uses for this property. Basement unit pays $1200/mth with rent increase given to tenant for Oct 1,2025. 2nd floor unit is owner occupied and main floor unit is owner's son occupied. Both of these units will be vacant on closing date. 2nd floor suggested rent could be $1725/mth and main floor unit suggested rent could be $1525/mth. Gross income suggestion could be $53,400/yr, expenses are for the last 12 months approx $8642.48/yr so net income could be approx $44,757.52/yr. At asking price this could give a net return of approx 6.58%/yr (does not include maintenance and repairs). Financials available with all expenses receipts for last 12 months for heat, hydro, water, insurance and property tax upon an accepted offer. 1985 survey sketch and 2020 furnace receipt available. HWT in process of being bought out and owned. (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 3.94 m X 3 m Primary Bedroom
Extra Room 2 Second level 2.9 m X 2.39 m Bedroom 2
Extra Room 3 Second level 3.38 m X 2.97 m Living room
Extra Room 4 Second level 3.35 m X 2.36 m Kitchen
Extra Room 5 Third level 7.11 m X 4.09 m Loft
Extra Room 6 Basement 4.27 m X 2.21 m Kitchen
Interior
Heating Forced air
Cooling Window air conditioner
Flooring Porcelain Tile
Exterior
Parking Features No
Fence Fully Fenced,Fenced yard
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Sanitary sewer