128 PARK STREET
St. Marys, Ontario
MLS® X13584986
$789,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13584986
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- —
1 / 10Listing description
Investment Opportunity - Turnkey Fourplex in the Heart of St. Marys An exceptional opportunity to acquire a well-performing fourplex in one of St. Marys' established residential neighbourhoods.
Ideally situated on the prominent corner of Park Street and Wellington Street, 128 Park Street offers investors a stable, income-producing asset with strong financial performance and long-term growth potential. Generating approximately $67,000 in annual gross rental income and boasting a Net Operating Income (NOI) of $48,367, this property is offered at $789,000, presenting an attractive capitalization rate for investors seeking dependable cash flow and future appreciation. Corner lot positioning provides excellent curb appeal, strong tenant appeal, and long-term redevelopment potential, while the property's location offers convenient access to downtown amenities, parks, schools, shopping, and major commuter routes.
Whether you're expanding an existing portfolio or acquiring your first multi-family investment, this turnkey fourplex delivers the fundamentals investors are looking for: consistent income, proven performance, and a desirable location in the growing community of St. Marys.
Property summary
- MLS® number
- X13584986
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 147.2 x 49.7 FT
- Annual property taxes
- $3,569.00
- Parking
- 7 spaces · Attached Garage, Garage
- Days on market
- 37 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner
- Basement
- Crawl space
- Exterior features
- Aluminum siding, Brick Veneer
What would this home cost you?
Based on the $789,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of NU-VISTA PINNACLE REALTY BROKERAGE INC, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.