63 Thomas St

For Sale 70 Days
$679,900 $10K
$669,900
4 beds
3 baths

63 Thomas St

For Sale 70 Days
$679,900 $10K
$669,900
4 beds
3 baths

Highlights

Key insights

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 6.68%/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. (id:55581)

Derek Abrahams of RE/MAX GARDEN CITY REALTY INC, BROKERAGE,
#X12248892
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Amenities / Utilities
  • Cooling
    Window air conditioner
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    2
  • Fencing
    Fully fenced, fenced yard
  • # parking spaces
    6
Interior
  • # full baths
    3
  • # total bathrooms
    3.0
  • # of above grade bedrooms
    4
  • Flooring
    Porcelain tile
Location
  • Subdivision
    451 - downtown
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12248892
  • Property sub type
    Multi-family
  • Status
    Active
Rooms Information metric
  • Kitchen
    3.35m X 2.36m
    Level: 2nd
  • Living room
    3.38m X 2.97m
    Level: 2nd
  • 2nd bedroom
    2.9m X 2.39m
    Level: 2nd
  • Primary bedroom
    3.94m X 3m
    Level: 2nd
  • Loft
    7.11m X 4.09m
    Level: 3rd
  • Living room
    3.38m X 3m
    Level: Basement
  • Primary bedroom
    4.44m X 3m
    Level: Basement
  • Kitchen
    4.27m X 2.21m
    Level: Basement
  • Primary bedroom
    3.91m X 3.3m
    Level: Main
  • Kitchen
    5.23m X 3.07m
    Level: Main
  • Living room
    4.22m X 3.61m
    Level: Main
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28528748/63-thomas-street-st-catharines-downtown-451-downtown
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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