35-37 KAINS STREET

St. Thomas, , N5P1N1, Canada

$429,900

An exceptional opportunity to acquire a solid, income-producing legal fourplex offering both stability and upside potential. Three of the four units are occupied by long-term tenants, providing consistent rental income and low turnover. The remaining 2 bedroom unit has been newly updated and is currently vacant-ideal for an owner-occupant or the seller will guarantee market rent of approximately $1,600 until the end of September while the new owner finds a tenant to occupy the unit. The property features four separate hydro metres, a brand new boiler installed in 2024, and is in a great central location close to schools, shopping, and all of your amenities. The potential yearly rental income with the property fully tenanted is just under $40,000 with an NOI of just under $30,00 and boasts a potential cap rate of 6.76%. Don't miss out on this excellent investment opportunity in the heart of St. Thomas. Book you private showing today!

EXTRAS: Refrigerator, Stove

Last updated on : Monday 25th of May 2026 04:10:11 PM

ADDRESS

Street : 35-37 KAINS STREET

City : St. Thomas

Country : Canada

Postal Code : N5P1N1

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PROPERTY SUMMARY

Property ID : X13109744

Building Type : Fourplex

Property Type : Multi-family

Bedrooms : 5

Bathrooms : 4

Parking : 2

Parking Type: No Garage

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