47 Forest Avenue

Nestled in the heart of St. Thomas, at 47 Forest Avenue, this exceptional Multi-Family Home for sale in St. Thomas presents a remarkable investment opportunity. This well-maintained legal triplex features three spacious two-bedroom units, each boasting generous living spaces and private, separate entrances. With a total of six bedrooms and three bathrooms across the property, this residence is perfect for those looking to invest in a lucrative rental property or for owner-occupiers seeking a comfortable living arrangement with additional income potential.

The building, a charming two-storey multiplex, showcases a classic exterior of vinyl siding that not only adds to its curb appeal but also ensures durability and low maintenance. The property has been beautifully upgraded throughout, reflecting the pride of ownership that has been evident in its consistent care. As you step inside, you will appreciate the thoughtful design and layout that maximises the living space, making it an inviting home for tenants or future residents.

Located at 47 Forest Avenue, St. Thomas, this Multi-Family Home for sale in St. Thomas generates a strong income, with gross rents amounting to £4,343 per month. This impressive figure includes revenue from a coin-operated laundry facility, which adds an extra layer of convenience for tenants. Moreover, tenants are responsible for their own hydro and water, which significantly helps to keep operating expenses low, making this property an attractive option for savvy investors.

One of the standout features of this property is the ample parking available. With six on-site parking spaces, this is a highly desirable amenity for tenants, ensuring that they have easy access to their vehicles. The private driveway adds an extra touch of convenience, making it easy for residents to come and go as they please.

Recent upgrades have been made to enhance the property's overall value and functionality. These include new wiring throughout, ensuring that the electrical system is safe and efficient. Additionally, new insulation has been installed in the roof, walls, and basement, contributing to energy efficiency and comfort. A new asphalt roof has also been added, along with the replacement of the main sewer line, ensuring that the property is in excellent condition for years to come.

While the property does not feature a central vacuum system, a family room, or a pool, it does offer a wealth of space with a total of nine rooms, including three kitchens. Each kitchen is well-equipped, allowing tenants to enjoy the convenience of preparing their meals at home. The absence of furnishings means that tenants can personalise their living spaces to suit their tastes and preferences.

The basement of the property is currently unfinished, providing an opportunity for further development or storage. With a lot size of 53 X 120 feet, there is ample outdoor space for potential landscaping or recreational use, adding to the appeal of this Multi-Family Home for sale in St. Thomas.

In summary, 47 Forest Avenue, St. Thomas, is a prime example of a well-maintained, income-producing property that is ideal for both investors and those looking to occupy a portion of the home while generating rental income. With its strategic location in the Elgin area, this Multi-Family Home for sale in St. Thomas is not just a house; it is a fantastic opportunity to secure a valuable asset in a thriving community. Don't miss out on this chance to own a piece of St. Thomas real estate that promises both comfort and financial returns.

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 parks and green spaces, the community boasts a welcoming atmosphere, making it an ideal place for families and individuals alike. The area features a variety of local shops, cafes, and amenities, fostering a strong sense of local pride. With its rich history and a range of recreational activities, St. Thomas provides residents with a balanced lifestyle, where the warmth of community spirit meets the accessibility of city living. Whether you're exploring the scenic trails or enjoying community events, St. Thomas is a place where you can truly feel at home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to families with children of various ages. The closest school is Pierre Elliott Trudeau F.I.P.S., an elementary school offering French immersion for grades 1 to 8, situated just 0.7 km away. For secondary education, Arthur Voaden Secondary School is only 0.8 km from the property, although it has a lower school rating of 0.8. Additionally, Parkside Collegiate Institute, located 2.0 km away, offers French instruction for grades 9 to 12 and boasts a higher rating of 5.5. For younger children, Forest Park Public School, an English-speaking elementary school for grades JK to 8, is 1.3 km away, but has a school rating of 2.2. Monsignor Morrison Catholic School, a Catholic institution for JK to Grade 8, is also within a 2.4 km radius, though it has a rating of 0. Overall, the area provides a mix of educational options, though prospective buyers may want to consider the varying school ratings when making their decision.