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$429,900
Ontario,St. Thomas
For Sale Active
35-37 KAINS STREET, St. Thomas, Ontario N5P1N1
  • 5
  • 4
  • 2500 - 3000Square Feet
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Basic Details
Description

An exceptional opportunity to acquire a solid, income-producing legal fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1, 600

until the end of September while the new owner finds a tenant to occupy the unit. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential yearly rental income with the property fully tenanted is just under $40, 000 with an NOI of just under $30, 00 and boasts a potential cap rate of 6.76%. Don’t miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today! (id:62783)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13109744
  • Price: $429,900
  • Bedrooms: 5
  • Bathrooms: 4
  • Square Footage: 2500 - 3000 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 47176
Features & Appliances
Features
  • Heating System: Baseboard heaters, Other, Radiant heat
  • Cooling System: None
  • Basement: N/A, Unfinished
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, St. Thomas, N5P1N1
  • Street: Kains
  • Street Number: 35-37
  • Street Suffix: Street
  • Longitude: W82° 48' 40.6''
  • Latitude: N42° 46' 53.1''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 53.3 x 68.7 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 3341
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Listing updated: 2026-06-17 05:02:12
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Listing Information
  • List Agent Key: 2190260
  • List Office Key: 47176
  • Modification Timestamp: 2026-05-25T20:10:11Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-05-25T20:03:36Z
Powered by REALTOR.ca
Listing updated: 2026-06-17 05:02:12
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