Homes for sale - 63 Thomas ST, St. Catharines, ON L2R 6M3

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Mahesh Khatri

mkhatri.teammahesh@gmail.com +1(416) 464-6568

$ 679,900

Est. payment | -/mo

4 Beds

3 Baths

Save

$ 679,900

Est. payment | -/mo

Save

4 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 451 - Downtown

MLS Listing ID X12248892

Style 2-Storey

Bedrooms 4

Building Age 100+

Annual Tax Amount $2,994

Tax Year 2024

Property Sub-Type Triplex

Property Description

Well cared for 2 storey with 3 self contained units located close to downtown which has been this same continued use for over 30 years by the last 4 owners from MLS history back to at least 1993. Double driveway at the back of property wide enough for 6 cars to park. 2024 painted stucco exterior, 2024 completed fenced in backyard with 3 gates, 2023 new concrete front pad with walkway. Front covered porch for upper 2 bedroom unit with 2021 all newer flooring in bedrooms, kitchen, livingroom, 4pc bathroom and 3rd floor finished loft. 1 bedroom basement unit with 4pc bathroom, porcelain flooring in livingroom and kitchen with 2020 new cabinets and countertop. 2020 added weeping tile along back wall and bedroom wall to sump pump. 2020 refinished back deck off the main floor 1 bedroom unit with livingroom, added pot lights in eat-in kitchen with 2024 blt-in dishwasher, added wall plumbing hookups in 4pc bathroom for laundry. 2020 furnace, 2018 shingles. All separate entrances for all 3 units. 200 amp breaker panel plus added 2015 sub panel. MPAC states this property has 3 self-contained units. Buyer to do their own due diligence on the legal uses for this property. Basement unit pays $1200/mth with rent increase given to tenant for Oct 1,2025. 2nd floor unit is owner occupied and main floor unit is owner's son occupied. Both of these units will be vacant on closing date. 2nd floor suggested rent could be $1725/mth and main floor unit suggested rent could be $1525/mth. Gross income suggestion could be $53,400/yr, expenses are for the last 12 months approx $8642.48/yr so net income could be approx $44,757.52/yr. At asking price this could give a net return of approx 6.58%/yr (does not include maintenance and repairs). Financials available with all expenses receipts for last 12 months for heat, hydro, water, insurance and property tax upon an accepted offer. 1985 survey sketch and 2020 furnace receipt available. HWT in process of being bought out and owned.

Location

Province ON

County Niagara

Community 451 - Downtown

Area Niagara

Rooms

Family Room No

Basement Finished, Separate Entrance

Kitchen 3

Separate Den/Office 1

Interior

Interior Features Sump Pump, Water Heater Owned

Cooling Window Unit(s)

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Porch

Parking Features Private Double

Pool None

Waterfront Description None

Roof Type Shingles

Lot Frontage 40.0

Lot Depth 110.0

Total Parking Spaces 6

Building

Unit Features Fenced Yard,Hospital,Park,Public Transit

Foundation Concrete Block

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

63 Thomas ST St. Catharines, ON L2R 6M3