55 East Street, St. Thomas, ON

Description

Vacant Possession Duplex in St. Thomas - Set Your Rents from Day OneA rare opportunity to take control of your investment from the start. This 2.5-storey duplex will be delivered vacant on closing, allowing you to secure market rents immediately.Located in an established area of St. Thomas close to amenities and transit, supporting consistent tenant demand.The home features two self-contained units with private entrances. The main floor offers a bright living space with large windows, laminate flooring, decorative fireplace, two bedrooms, a 3-piece bath, and an updated eat-in kitchen with newer cabinetry and stainless steel appliances. A rear mudroom adds functional entry and storage. Main floor tenant is moving out June 1st.The upper unit includes two bedrooms, a full 4-piece bath, kitchen, and access to a private deck. The finished third floor expands the upper unit with an additional bedroom and large living area. Upper unit is already vacant for you. Shared laundry is located in the lower level with potential for coin operation. Rear parking for two vehicles in the garage and one more in the driveway. Key updates include separate hydro meters plus a common meter, updated electrical (ESA Feb 2025), steel roof (2022) with transferable warranty, owned water heaters and water softener, and natural gas furnace. Two fridges and two stoves with transferable warranty. Two self-contained units with finished third-floor space expanding the upper unit offer strong rental potential. Financial summary available in supplements.