53 Gladstone Avenue For Sale

St. Thomas, SW, N5R 2L7

$724,900

Description

Listed by BLUE FOREST REALTY INC..

Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What's more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means investing with multinational corps like Volkswagen & Amazon etc. You don't want to miss out on this one!

Location

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  • Address: 53 Gladstone Avenue
  • Neighborhood: SW
  • City: St. Thomas
  • State: Ontario
  • Postal Code: N5R 2L7

Property Video

Property Details

  • Property ID: X8303192
  • Property Price: $724,900
  • Style: Fourplex, 2-Storey
  • Sq/Ft: 1500-2000
  • Rooms: 11
  • Bedrooms: 4
  • Bath: 4
  • Parking Spaces: 4
  • Year Built: 100+
  • Basement: Unfinished
  • Den: N
  • Exterior: Vinyl Siding
  • Heating: Forced Air
  • Fireplace: Y
  • Taxes: $2,679.00 (2023)
  • Acreage: < .50 Acres
  • Lot: 57.00x66.00 (Feet)

Room details and dimensions

Statistics for similar Fourplex homes in SW

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Fourplex homes in SW

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Fourplex homes in SW

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 370 - 0992

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