$2,150,000
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47 Thomas St. is a very well maintained 8-unit apartment building in a convenient St.Catharines neighborhood. The property has been owned by a local St.Catharines landlord since 2006. The landlord has a very hands-on approach with his properties both with the maintenance as well as the tenants. Tenants are all screened very carefully to minimize management headaches down the road. As far as maintenance and upkeep, this will be one of the cleanest and most updated apartment buildings you will come across. With this property you will not only find all 8 apartments have been renovated but you will also find the expensive capital projects that most landlords let slide have been updated. This includes, complete exterior stucco (2024), new asphalt parking lot (2019), flat roof (approx. 2014) Mircom intercom system (2021), common area hallways and staircases new luxury vinyl flooring. This would be an ideal building for a landlord looking to add to their portfolio with a turnkey well maintained and updated property. Out of town landlords should be able to self manage with just a local lawncare company and general handyman for minor maintenance issues that arise. Owner is looking for a closing date of December 2024, which will coincide nicely with the recent and future interest rate cuts slated for the fall.
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