79 ST CATHARINE STREET

St. Thomas, , N5P2V9, Canada

$434,900

Investor Alert! This well-maintained duplex presents an excellent opportunity with annual rental income of $34,332 and a solid 7.1% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently month-to-month at $1,486/month + utilities. Month to month tenants provide the flexibility of moving in and letting the other unit cover part of your mortgage. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and was just leased for $1375/month + utilities. Vacant possession of both units is an option as well! Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this fully rented duplex checks all the boxes.

EXTRAS: Washer, Refrigerator, Stove, Dryer, Water Heater

Last updated on : Tuesday 22nd of July 2025 09:30:59 PM

ADDRESS

Street : 79 ST CATHARINE STREET

City : St. Thomas

Country : Canada

Postal Code : N5P2V9

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PROPERTY SUMMARY

Property ID : X12263713

Building Type : Duplex

Property Type : Multi-family

Bedrooms : 3

Bathrooms : 2

Parking Type: No Garage, Street

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