Eco Friendly
Address
207 Ross Street St. Thomas, ON
Price
$ 1,299,000
Property Attributes
  • ID#40115899
  • TypeMulti-Family
  • CitySt. Thomas
  • AreaSt. Thomas
  • NeighbourhoodSW
  • Postal CodeN5R 3Y4
  • StyleMulti-10+Unit
  • Year Built2016
  • Taxes$ 11330
  • Price$ 1,299,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage9726
Listing Provided Courtesy Of:
OLIVER & ASSOCIATES REAL ESTATE BROKERAGE INC.
Data Source:
Ontario Regional (ITSO)
Property Description

Stress Free Investment Opportunity: 5 year old purpose built 12 plex - ENTIRE BUILDING IS FULLY LEASED by CMHA-Elgin until 2042 ( CMHA-Elgin fully responsible for ALL tenant dealings, vacancy loss and interior maintenance of all units- 100% occupancy rent paid monthly with automatic annual rent increases in accordance with rent increase guidelines of the RTA) Owned 10kw Microfit Solar Panel Installation (under contract until 2037), Entire Building constructed with emphasis on low maintenance + low energy consumption: Energy Star Windows, Energy Star Appliances (see chattel list), LED lighting throughout, low flush toilets, high efficiency boilers. Etc. Preferential Property Tax Reduction until 2042 (property tax savings of $9765.52 for 2020 tax season!) 12- One bedroom units (4 of which are barrier free) Controlled Entry, rear ramp with power assisted door, security camera system. Entire Building in as new condition. 2020 Gross Annual Income $82060.95, Net Income $50972.37 = Cap Rate of 3.92% (much better than any GIC) Building developed with assistance from Investment in Affordable Housing Initiative, Buyers agrees to assume obligations under IAH Agreement, which includes assuming existing Corporation that holds property, assumable mortgage of approx $229,000 but no additional financing can be added on title, CASH BUYER is required. Showings permitted with accepted offer only

Price History
5/19/2021 Listed $1,399,900
12/6/2021 8% - $1,299,000

Interior Features

Basement Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N5R 3Y4

Price
AVG $1.3M
$1.3M
Visits
AVG 109
75
Year Built
AVG 2016
2016
Walkscore
AVG 52
48
Data Provided by Walkscore ® not using MLS data

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