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207 Ross Street, St. Thomas

| For sale


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under 1/2 acre


56 days ago

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 3.64% (much better than any GIC) (id:44040)

Property Details

Exterior features

Year Built


Parking Type

Visitor Parking

Total Size

under 1/2 acre


99 ft


105 ft

Landscape Features

Interior features




Full (Finished)

Basement Status


Heat Type

Hot water radiator heat

Air Conditioning



Laundry- Coin operated
Listing Information

Listed By




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207 Ross Street, St. Thomas

| For sale


Have a question?

Email us your inquiries  

207 ROSS Street, St. Thomas

This Residential property located at 207 ROSS Street, St. Thomas comes with 12 bedrooms, 12 bathrooms, and Visitor Parking parking with a total of parking spots. This located in the neighbourhood of St. Thomas city has a Freehold ownership status and is currently on sale for $1,399,900 canadian dollars. This property MLS#: 40115899 has been live on our site for 56 days.

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The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association or Dale Mundi.
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