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 investing with multinational corps like Volkswagen & Amazon etc. You don't want to miss out on this one!
PT LT 12 BLK R PL 3 ST. THOMAS AS IN E415010; S/T & T/W E415010; ST. THOMAS
Parcel of Tied Land
N
Possession Date
Immediate
Taxes (2023)
$2,679
Directions/Cross Streets
Hincks St & Gladstone Ave
Neighbourhood
SW
Area
Elgin
Price History
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Detailed Information
Fronting On
N
Special Designations
Unknown
Bedrooms
4
Bathrooms
4
Rooms
11
Kitchens
4
Lot
66 x 57 ft
Acreage
<.50
Approximate Square Footage
1500-2000
Approximate Age
100+
Exterior
Vinyl Siding
Air Conditioning
None
Family Room
N
Fireplace/Stove
Y
Pool
None
Basement
Unfinished
Drive
Front Yard
Garage Spaces
0.0
Garage Type
None
Parking Spaces
4
Total Parking Spaces
4.0
Heat Source
Gas
Heat Type
Forced Air
Sewers
Sewers
Water
Municipal
Zoning
R4
Seller Property Info Statement
N
Rooms
Room
Level
Dimensions
Notes
Br
Flat
3.04 m x 4.2 m(9.97 ft x 13.78 ft)
Kitchen
Flat
3.04 m x 3.35 m(9.97 ft x 10.99 ft)
Bathroom
Main
3.45 m x 2.1 m(11.32 ft x 6.89 ft)
4 Pc Bath
Br
Flat
3.04 m x 2.4 m(9.97 ft x 7.87 ft)
Kitchen
Flat
3.96 m x 2.7 m(12.99 ft x 8.86 ft)
Living
Flat
3.9 m x 5.18 m(12.8 ft x 16.99 ft)
Bathroom
Main
2.26 m x 2.03 m(7.41 ft x 6.66 ft)
4 Pc Bath
Br
Flat
4.05 m x 3.6 m(13.29 ft x 11.81 ft)
Kitchen
Flat
3.9 m x 2.7 m(12.8 ft x 8.86 ft)
Bathroom
2nd
3.7 m x 1.7 m(12.14 ft x 5.58 ft)
4 Pc Bath
Br
Flat
2.4 m x 3.35 m(7.87 ft x 10.99 ft)
Kitchen
Flat
3.04 m x 2.1 m(9.97 ft x 6.89 ft)
Bathrooms
Pieces
Level
4
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