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28 Princess Avenue St. Thomas, Ontario N5R 3V4

Central Air Conditioning Forced Air Landscaped

$1,200,000

Rare 6.5% cap rate investment opportunity in this well-known St. Thomas mixed use property! Home to the Atrium, Junior's E-Bikes and two oversized 3-bedroom apartments, this is the perfect addition or start to your real estate portfolio. Once a flower shop, the building was transformed and now offers a passive investment opportunity with the status quo or the potential for an owner occupied space in a great location. Current net operating income = $78,482 per year with upside on rents! (id:23157)

Property Details

MLS® Number 40187407
Property Type Other
Amenities Near By Shopping
Community Features High Traffic Area
Features Visual Exposure, Skylight
Parking Space Total 10
Sign Type Pylon

Building

Basement Type None
Ceiling Type Cathedral
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Stucco, Vinyl Siding
Fire Protection Alarm System, Security System
Fixture Ceiling Fans
Foundation Type Block
Heating Type Forced Air
Stories Total 2
Size Exterior 9000.0000
Utility Water Municipal Water

Parking

Attached Garage

Land

Acreage No
Land Amenities Shopping
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Depth 174 Ft
Size Frontage 94 Ft
Size Irregular 0.422
Size Total 0.422 Ac|under 1/2 Acre
Size Total Text 0.422 Ac|under 1/2 Acre
Zoning Description C8

https://www.realtor.ca/real-estate/23826669/28-princess-avenue-st-thomas

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