19 Scott Street

If you're on the lookout for a fantastic investment opportunity, then look no further than this Multi-Family Home for sale in St. Thomas . Nestled at 19 Scott Street, St. Thomas, this splendid multiplex is a mere stone's throw from the vibrant downtown area, making it an ideal addition to any property portfolio. With a prime location in the Elgin area, this property boasts all the features you need for a successful rental venture.

This beautifully renovated triplex comprises three well-appointed units, each designed to cater to a variety of tenants. The main floor features a spacious 3-bedroom, 1.5-bathroom unit that is perfect for families or groups looking for a comfortable living space. On the second floor, you'll find a charming 1-bedroom unit, ideal for singles or couples seeking a cosy abode. Additionally, there's a 2-bedroom unit on the second floor, complete with a loft, which offers a unique living experience. With a total of six bedrooms across the property, this Multi-Family Home for sale in St. Thomas can accommodate a diverse range of tenants, ensuring a steady stream of rental income.

The property is set on a generous lot measuring 50 x 99 feet, providing ample outdoor space for tenants to enjoy. While there is no pool or garage, the property does come with parking space for up to four vehicles, which is a significant advantage in this bustling area. The exterior of the building is a combination of brick and vinyl siding, offering both durability and aesthetic appeal. Although there is no central vacuum system or air conditioning, the forced air heating will keep the units warm during the colder months.

One of the standout features of this Multi-Family Home for sale in St. Thomas is the three kitchens, which are a boon for tenants who enjoy cooking. Each unit has its own kitchen, ensuring that everyone has the space they need to prepare meals comfortably. The property also includes four bathrooms, which is particularly advantageous for larger families or groups sharing the space. With a total of 14 rooms, including the bedrooms and bathrooms, there's plenty of room for everyone to spread out.

While the basement is full and unfinished, it presents an excellent opportunity for future development or storage. The lack of additional land means that the focus is solely on the property itself, allowing for a straightforward investment without the complexities of managing multiple parcels. The property is unfurnished, giving new owners the flexibility to decorate and furnish each unit according to their preferences or the needs of their tenants.

Internet access is available, which is increasingly essential for modern living, and the municipal water and sewer services ensure that tenants have all the necessary amenities at their fingertips. Although there is no family room or additional storage building on the premises, the layout of the units is designed to maximise space and functionality.

In summary, this Multi-Family Home for sale in St. Thomas at 19 Scott Street, St. Thomas, is an excellent investment opportunity for anyone looking to enter the rental market or expand their existing portfolio. With all units currently tenanted, you can enjoy immediate returns on your investment. The combination of a prime location, spacious units, and the potential for future development makes this property a must-see. Don’t miss your chance to own this remarkable property in a growing community—schedule a viewing today!

St. Thomas, nestled within the city of St. Thomas, is a charming and vibrant geographic area that offers a delightful blend of urban convenience and natural beauty. Known for its picturesque landscapes, the community features a mix of residential neighbourhoods, parks, and local amenities, making it an ideal place for families and individuals alike. The area is well-connected, providing easy access to essential services, shops, and recreational facilities, while also boasting a rich history reflected in its architecture and local culture. With a strong sense of community spirit and a variety of events throughout the year, St. Thomas invites new residents to enjoy a welcoming atmosphere in a location that balances the best of city living with the tranquillity of nature.

Schools in the Neighbourhood

The property is conveniently located near several educational institutions, catering to various age groups and language preferences. Within a short distance, you'll find June Rose Callwood Public School, an elementary school rated 4.3, just 1.8 km away, offering grades from JK to 8 in English. For secondary education, Arthur Voaden Secondary School is only 1.0 km away, although it has a lower rating of 0.8. Parkside Collegiate Institute, located 2.8 km from the property, offers French-language instruction for grades 9 to 12 and boasts a higher rating of 5.5. Additionally, Pierre Elliott Trudeau F.I.P.S. is another elementary school that provides French instruction but has a rating of 0, situated 2.1 km away. Monsignor Morrison Catholic School, a Catholic institution offering grades JK to 8 in English, is located 2.0 km from the property but also has a rating of 0. Overall, this area offers a mix of educational options, with a strong emphasis on public schooling, making it a suitable choice for families prioritizing access to quality education.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 715 residents, with an average household size of 1.9 individuals. The community has a median age of 43.2 years, indicating a mature population. The average household income stands at $48,800, with a significant portion, 28%, classified as low-income. The average property price in the area is approximately $310,000, making it relatively accessible for potential buyers. A notable 61.79% of the population is single, while 30.3% of households include children, suggesting a mix of family dynamics. The rental market is prominent, with 76.39% of residents renting their homes, and there are no condominiums available in the area. Educational attainment is moderate, with 24.14% of the population holding a college or university degree. Additionally, 6.38% of residents are immigrants, contributing to the area's diversity. However, a significant 53.45% of the population is not in the labor force, which may impact economic activity in the region. Overall, this demographic snapshot highlights a community with unique characteristics, primarily comprised of renters and singles, with challenges related to income and employment.