45 LOCUST Street
St. Thomas
N5R 2C2
$279,900
Residential Freehold
beds: 5
baths: 2.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12192203
- Bedrooms:
- 5
- Bathrooms:
- 2
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Welcome to this two-storey home in the heart of St. Thomas an excellent investment opportunity for those looking to expand their real estate portfolio or secure a promising fixer-upper at an attractive price and 6.5% cap rate. Currently tenanted, the property offers immediate rental income, making it a smart choice for investors. Zoned R3, there is also potential for future development or expansion, adding long-term value to this versatile asset. The home features 5 bedrooms and 2 bathrooms, offering ample space and functionality. Located in a desirable area with established rental income and room for future growth, this property is a strong addition to any investment strategy. Whether you're looking for immediate returns or long-term upside, this St. Thomas opportunity is worth your consideration.
- Under Contract:
- Hot Water Heater
- Property Type:
- Residential Freehold
- Property Sub Type:
- Detached
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- < 700
- Lot Size:
- <.50
- Depth:
- 120'
- Frontage:
- 34'8"
- Lot Shape:
- Rectangular
- Topography:
- Flat
- Direction Faces:
- South
- Bedrooms:
- 5
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Kitchens:
- 1
- Bedrooms Above Grade:
- 5
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 10
- Zoning:
- R3
- Heating type:
- Radiant
- Heating Fuel:
- Gas
- Fireplaces:
- 1
- Foundation:
- Concrete, Block
- Roof:
- Asphalt Shingle
- Basement:
- Crawl Space
- Fireplace/Stove:
- Yes
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- Mutual
- Parking Spaces:
- 2
- Total Parking Spaces:
- 2.0
- Family Room:
- Yes
- Possession Details:
- TENANTS
- Lot Irregularities:
- 34.39ft x 123.19ft x 34.39ft x 123.06ft
- Pool:
- None
- Link:
- No
- HST Applicable To Sale Price:
- Included In
- Assessment:
- $156,000
- Assessment Year:
- 2025
- Taxes:
- $2,596 / 2024
- Assessment:
- $156,000.00 / 2025
- Elgin
- St. Thomas
- St. Thomas
- None
- Porch Enclosed
- HWT
- APPLIANCES
- Vinyl Siding
- None
- Utilities Cable:
- Yes
- Utilities Telephone:
- Yes
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Ensuite Laundry:
- No
- Laundry Level:
- Upper Level
-
Photo 1 of 1
Listed by RE/MAX CENTRE CITY REALTY INC.
Data was last updated October 3, 2025 at 05:15 PM (UTC)
Area Statistics
- Listings on market:
- 165
- Avg list price:
- $650,000
- Min list price:
- $279,900
- Max list price:
- $1,579,900
- Avg days on market:
- 36
- Min days on market:
- 1
- Max days on market:
- 637
These statistics are generated based on the current listing's property type
and located in
St. Thomas. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Jason Froude, REALTOR®
- RE/MAX MOBILITY TEAM
- 519-932-0780
- jason@remaxmobility.com
The Mobility Team
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The Mobility Team
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