3 Beds 3 Bath

63 Thomas Street, St. Catharines, ON L2R 6M3

St. Catharines L2R 6M3 Ontario

MLS: X12248892

$669,900

Added 49 days ago | For Sale

Listed by: RE/MAX GARDEN CITY REALTY INC, BROKERAGE

About Property

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.

Features

  • House Style:Triplex
  • Bathrooms:3
  • Land Size: 40 X 110
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Lowell/Ontario/Welland/Pleasant
  • Basement:Finished,Separate Entrance , Finished,Separate Entrance
  • Possession Date:Sept/2025
  • Annual Property taxes: $2994.42
  • Bedrooms:3 +1
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12248892

Level Type Features Dimensions
Main Primary Bedroom 12 ft, 10 in x 10 ft, 10 in
Living Room W/O To Deck 13 ft, 10 in x 11 ft, 10 in
Kitchen Eat-in Kitchen, Pot Lights, B/I Dishwasher 17 ft, 2 in x 10 ft, 1 in
Second Primary Bedroom 12 ft, 11 in x 9 ft, 10 in
Bedroom 2 9 ft, 6 in x 7 ft, 10 in
Living Room 11 ft, 1 in x 9 ft, 9 in
Kitchen 11 ft x 7 ft, 9 in
Third Loft Finished 23 ft, 4 in x 13 ft, 5 in
Basement Primary Bedroom 14 ft, 7 in x 9 ft, 10 in
Living Room Porcelain Floor 11 ft, 1 in x 9 ft, 10 in
Kitchen Porcelain Floor 14 ft x 7 ft, 3 in

No property rooms available.

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