Listed by Maverick Real Estate Inc..

74 MANITOBA Street is a Multiplex, Bungalow and is currently for Sale @ $549,000. Taxes in 2023 were $3,370.00.

More homes for sale under 500k in St. Thomas

Attention investors! Seize the opportunity to own a fully rented, cash-flowing fourplex in an excellent location. The Bungalow on 74 MANITOBA Street has 4 bedrooms, 4 bathrooms, and is located on a 107.00 x 55.00 ft loton < .50 acres in the community of SE . This well-maintained property features 2 one-bedroom units & 2 two-bedroom units, completely rented out. Unit #1: $1,300/month (fully renovated in 2022)Unit #2: $1,000/month, Unit #3: $465/month (tenant pays electricity)Unit #4: $750/month, a total annual rent of $42,180, ensuring immediate profitability. Updates include; New steel roof installed in 2024, New water heater in 2024 and new furnace in 2022 and a new walkway in 2022, enhancing curb appeal and property accessibility. Situated just a couple of blocks from the vibrant shops on Talbot Street and the Horton Farmers Market, this property offers convenience and charm. St. Thomas continues to grow and with Volkswagen set to build the new battery cell Gigafactory in 2027, now is the perfect time for first-time investors or seasoned professionals to expand their portfolio to get into the market!

The address 74 MANITOBA Street was listed for sale (MLS# X9043471) on Tuesday, July 16, 2024.