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Welcome to this two-storey home in the heart of St. Thomas an excellent investment opportunity for those looking to expand their real estate portfolio or secure a promising fixer-upper at an attractive price and 6.5% cap rate. Currently tenanted, the property offers immediate rental income, making it a smart choice for investors. Zoned R3, there is also potential for future development or expansion, adding long-term value to this versatile asset. The home features 5 bedrooms and 2 bathrooms, offering ample space and functionality. Located in a desirable area with established rental income and room for future growth, this property is a strong addition to any investment strategy. Whether you're looking for immediate returns or long-term upside, this St. Thomas opportunity is worth your consideration.
APPLIANCES
City: St. Thomas
Neighborhood: SW
Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
---|---|---|---|---|---|
Apr 6, 2011 | 26 | $79,900 | $74,000 | Sold | X7549393 |
May 12, 2008 | 70 | $123,900 | $120,000 | Sold | X7522187 |
Oct 23, 2007 | 185 | $129,900 | N/A | Expired | X7845202 |
Apr 26, 2006 | 48 | $137,900 | $136,500 | Sold | X7500197 |
Mar 19, 2003 | 225 | $107,000 | N/A | Expired | X7819611 |
Aug 31, 2002 | 182 | $114,300 | N/A | Expired | X7957160 |
Oct 21, 1998 | 92 | $108,500 | N/A | Expired | X7938684 |
Jun 19, 1998 | 92 | $108,900 | N/A | Expired | X7938660 |
Sep 8, 1997 | 278 | $111,900 | N/A | Expired | X7926479 |
Purchase Price | $299900 |
Down Payment | $59980 |
Mortgage Insurance | $0 |
Total Mortgage | $239920 |
Mortgage Payment | $1478 |
Property Taxes | $216 |
Maintenance Fees | $0 |
Monthly Payment | $1695 |
Sold Comparables homes near 45 Locust St, St. Thomas
Located at 45 Locust St , this St. Thomas house is available for sale. This property was listed for $299,900 on Tue Jun 03 2025. This house's size is < 700 Sqft. It has 5 bedrooms and 2 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 2 parking spots. 45 Locust St, St. Thomas is situated in the SW neighbourhood.
MLS#: X12192203 · $299,900 · 5 bedroom house in SW, St. Thomas